Great article on what Cup teams are worth.
Two great stats from the article.
Hendrick expects a big pop to the bottom line when "Junior" arrives. The company already pulls in more than $17 million from licensing, but Earnhardt pulled in more than that by himself last year. "I do plan on expanding my gift shop," says Hendrick.
Think about that, the ENTIRE Hendrick team pre-Junior pulls in $17 million, Junior does that all by himself.
That is why everybody was clamoring to sign Junior.
And why letting him go was a company ending move by wicked step-mom, Theresa.
And this nugget.
Despite soaring costs, the average NASCAR team banks $12.3 million in profits, or roughly 15% of revenue. That compares with $16.5 million and less than 10% for teams in Major League Baseball.
Average?
Average profit per team is $12.3 million.
That is why, you see the million dollar Prevost's, lear-jets and multi-million dollar homes by owners and drivers.
Lake Norman is known as the "Redneck Riviera".
1 comment:
Well Schmoe, we know this whole Jr. thing has one person rolling in his grave. I would like to let everyone know that I am no longer a Jr. fan. Someone said last Sunday, on the tv, during the race, that the Jr. fans are p.o.ed now at what is happening. But the real Jr. fans will return to stay Jr. fans...ya right. I feel the "real" Sr and Jr fans will not stay. Sr. is looking down at him wishing he could kick that boy square in the you know where!
Over the passed few years I have found Nascar as a whole...one big disapointment. Not like the "good ole days" with the "good ole boys" would really race. (I think I am telling my age now..ug). I miss the Allison boys, the Petty family and Buddy Backer!
I guess I am going to have to find me a new driver...
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