It's All Over For Nascar Gloom and Doom

Corporate profits nationwide are at all-time record highs yet income is down for the majority of Americans, across the board.

The moral of the story is that corporate profits aren't a fair assessment of the state of things as a whole.
 
Looks like most of that is attributable to the consolidation of Motorsports Authentics. Admissions revenues are down.
 
Another thing to keep in mind: revenues and profits are two different things. Unless I missed it, I didn't see mention of profits in the link.
 
Most revenue comes from TV, and those revenues are up. Tracks get 60% of the TV revenue, and the France family own many tracks. NASCAR inc gets 10% of the TV money, plus hundreds of millions from Sprint, Goodyear, Sunoco and other official sponsors.
 
ToyYoda said:
Another thing to keep in mind: revenues and profits are two different things. Unless I missed it, I didn't see mention of profits in the link.
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It looked like most operating income and NI figures were down from last year. Certainly nothing to blow one's load about.
 
FenderBumper said:
Most revenue comes from TV, and those revenues are up. Tracks get 60% of the TV revenue, and the France family own many tracks. NASCAR inc gets 10% of the TV money, plus hundreds of millions from Sprint, Goodyear, Sunoco and other official sponsors.
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Kind of makes you wonder if this is why the owner's formed their alliance. The France family is about the only ones making any money these days and that's because they are double-dipping.
 
MRM said:
Kind of makes you wonder if this is why the owner's formed their alliance. The France family is about the only ones making any money these days and that's because they are double-dipping.
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At the same time the France's are upping their profits, they refuse to open a new track without substantial financing from gov't.
 
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