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The secret to making money in NASCAR

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Posts: 21343
(@canadianracingonline)
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Joined: 23 years ago

schade thanks for making it clearer for me and others. learn something new everyday.

OK so you get a car for about 60 - 80K and what do you have to pay the drivers and crew each race and then wouldn't you have to pay someone to make changes or repairs to the car?

I guess you could get some money from sponsors when you make races like the Daytona 500 and other big ones?

If a driver did this and made 100K a season that is good money.


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Posts: 0
(@rossevans30)
Joined: 1 second ago

I think they also HAVE to have a set number (6) of crew to qualify as a team?

And there you add even more. Hotel, food, wages, cloths, transportation, and thats another 1,000 per race per guy, so add another 6,000 to my 6,666, and now you are at 12,666.. 1/2 you money gone, with no tires, no fuel, no hauler, no nascar licence fees ect, no driver..

What was it 3 or 4 years back, when Cup wasn't getting 43 cars, someone tried it without a crew. I'm sure NASCAR has corrected that problem..


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(@rossevans30)
Joined: 1 second ago

If a driver did this and made 100K a season that is good money.

You can't, thats the point. Someone even suggest that about NCTS.. What looks good on paper never is. Take this example.

Roller LLM $2,000
350 from the wrecker $100
total investment $2,100

Show up at KD and take the green, average of 13 cars a night so you get $125 per night less 20 bucks to get in, so $100 per night x 15 nights is $1,500.

Sell the roller at the end of the year for what you paid for it, and guess what you made $1,500 to go watch the races..

We all know that dosn't work.. Its the same logic as used for the NationWide example..


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Posts: 21343
(@canadianracingonline)
Member
Joined: 23 years ago

In Sprint Cup we are talking about 75,000+ to finish last.

I could maybe se someone making a living in Sprint Cup doing that.

2008 Winnings Larry Gunselman 17 Starts $338,608 & Johnny Chapman 23 Starts $417,757 are these the 2 drivers for MSRP.

OK if they spent 12,000 a race x 17 = 204,000 - winning 338,608 = $134,608 Profit? other driver 276,000 cost - 417,757 winnings = 141,757

Now do these guys have any sponsors on the car that give them money. Maybe that covers the cost of the car?

I could see someone doing this with some money from smaller sponsors.


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Posts: 0
(@schade)
Joined: 1 second ago

i don't think the nationwide series has a minimum number of crew you have to have at the track, i believe it was Cascar that had that rule so that Tony could make more money.  MSRP doesn't even bother setting up a pit stall during the races, and they hardly work on the car in practice.. they can easily get away with having 2-3 guys at the track

Making a profit being a start-and-park can be done, and is being done by MSRP and also by Derrick Cope on occasion among others ... comparing racing a Kawartha in a LLM vs the nationwide series is like comparing apples to oranges .. making $120 a night to finish last is ALOT different than making $14-42K a night to run 8-10laps and finish last .. your return on your investment happens ALOT sooner.

MSRP had i believe 9 different drivers in there 2 cars throughout the year, one of the drivers got fired after he got cought up in an accident at talladega and destroyed there only superspeedway car

54 +2 Larry Gunselman 627 -3286 15 0 0 0 0 297,310
91 -2 Terry Cook    154 -3759 4 0 0 0 0 62,216
43 +1 Johnny Chapman 904 -3009 19 0 0 0 0 345,717
74 +6 Justin Hobgood 261 -3652 6 0 0 0 0 112,956
129 -1 Scott Steckly 40 -3873 1 0 0 0 0 31,775
55 +2 Kenny Hendrick 613 -3300 13 0 0 0 0 247,905
100 - Michael McDowell119 -3794 2 0 0 0 0 71,801
30 -1 Steve Grissom 34 -3879 1 0 0 0 0 42,651
112 -1 Chris Cook        77   -3836 2 0 0 0 0 62,262

add it all up and MSRP took home just over $1.27 Million .. for running a total of 1200laps combined ... thats a pretty decent cost per lap ratio there

pick up Car and Driver Magazine or find the article online, and read it .. you'll understand how they do it much better then, and the story behind MSRP and them trying to "fly under the radar"


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