Amid the coronavirus postponements, NASCAR cuts employee salaries; Vacation time to be used as well
NASCAR made moves on Tuesday to adjust during a pending financial crisis in America.
Just a few weeks ago, NASCAR was rolling into their fifth weekend of the 2020 racing season. Just ahead of the race at Atlanta Motor Speedway,
Read MoreDaytona International Speedway has sold out the grandstands; Record payout; United States President will be there
Today, the NASCAR Cup Series will open their 2020 racing season. The green flag will drop at Daytona International Speedway in Daytona Beach, Florida.
Ricky Stenhouse Jr is with a new team for 2020.
Read MoreISM Raceway renamed Phoenix Raceway, once again
In 1964, Phoenix Raceway was born near the Estrella Mountains. The Phoenix, Arizona track has since hosted NASCAR, CART, IndyCar Series, USAC and the WeatherTech SportsCar Championship.
The track introduces a unique shape to traditional NASCAR ovals. Do to a road course and drag strip,
Read MoreThe NASCAR Cup Series team ran up debt of $44,295,884 before being taken over by the courts and sold to pay off the debt
Several years ago, BK Racing took out a bank loan of $9,000,000 to fund operations of a NASCAR Cup Series team. As they continued to operate,
Read MoreWinning is really expensive for the Mercedes Formula One Team
Entry fees in the world of F1 are a bit strange. And world domination is expensive.
For the sixth year in a row, the Mercedes F1 Team has claimed the F1 Constructors’ Championship. That brings their championship winning percentage up to 60% in the history of the team.
Read MoreSports are big business; There’s a lot of money on the line at Homestead-Miami Speedway
On Sunday, four drivers are set to race for the NASCAR championship. Homestead-Miami Speedway in Homestead, Florida hosts the final race of the 2019 Monster Energy NASCAR Cup Series season.
Who’s racing for a championship?
Read MoreNorth Carolina Governor Roy Cooper proposes that state sends $8 million to help fund The Rock Speedway; Joey Logano comments
Dan Lovenheim led a group of Charlotte, North Carolina residents in the bid of Rockingham Speedway in 2018. They’ve been cooking up big plans in the last couple years.
Several months ago,
Read MoreFlorida dirt track up for sale as turnkey operation
North Florida Speedway is a 3/8-mile semi-baked dirt oval. The track sits on 25+/- acres of Florida real estate.
In 1963, a race track was constructed between Jacksonville and Tallahassee. It’s now the second oldest speedway in the state of Florida.
Read MoreHumpy Wheeler: “It would be one of the greatest shows on earth. And it would put us back to what people really wanna see.”
Humpy Wheeler explains how a NASCAR Cup Series event on the dirt could come to be
Tony Stewart stated he has interest in hosting a NASCAR Xfinity Series and Monster Energy NASCAR Cup Series on the dirt at Eldora.
Read MoreRick Schwallie: “The continued growth and success of the Lucas Oil Late Model Dirt Series is a true testament to how devoted our fans, promoters, marketing partners, staff and drivers are to this organization.”
The 2018 Lucas Oil Late Model Dirt Series milestone season has $4.7 Million up for grabs –
Read MoreThe top 8 teams in NASCAR are worth an average of $158 million
That’s a number that’s down 2% from 2016. Below is a chart from Forbes ranking the top 8 NASCAR teams in regards to value.
View the most valuable NASCAR teams chart below.
Roush Fenway Racing has droped significantly has they have been reduced from a three car team to just a two car team.
Read MoreHumpy Wheeler on the possibility of a sale: “Is Wall Street ready for this? Yes.”
Big Bill France Sr founded this thing called NASCAR back on February 21, 1948. The sporting organization has been privately held by the France Family ever since.
Is NASCAR for sale? Rumors have begun circulating that NASCAR is considering a new ownership direction.
Read More2017 International Speedway Corporation income at $110.8 million compared to a net income of $76.3 million in 2016; Highest level since 2010
DAYTONA BEACH, Fla. – January 25, 2018 – International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (“ISC”) today reported financial results for its fiscal fourth quarter and full-year ended November 30,
Read MoreAuto Club Speedway generates $156.2 million in economic impact to California
FONTANA, Calif. (Oct. 23, 2017) – Auto Club Speedway, Southern California’s premier motorsports facility, contributes more than $105 million in economic impact to San Bernardino County, according to a recently released report by the University of California, Riverside Center for Economic Forecasting and Development.
Read MoreDenny Hamlin on NASCAR TV money distribution
Yesterday morning, Denny Hamlin issued statements on NASCAR money distribution. Later, he reiterated those comments, with a bit more detail.
Listen to the latest interview below.
Should drivers pay be cut due to the business model of the sport?
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