Roush Wants TV Revenue Share Increase
Jack Roush, in his first major response to Brian France's plan to limit the number of stock-car teams anyone may own, said NASCAR executives have now opened the door to discussions about providing Nextel Cup team owners with a more equitable share of the sport's $2.4 billion in television revenues. Roush said he may propose to NASCAR "income-revenue sharing" with owners by giving them "a substantial piece of the TV" money and "a piece of the gate." Such talks come at an opportune time, since France is negotiating contracts with Fox, NBC and TimeWarner's Turner Network, and possibly with Disney-owned ABC-ESPN. NASCAR and its track owners (principally the France family and Bruton Smith) now take 75 percent of the annual $400 million from TV, while the tour's 40-some team owners share the other $100 million, under a secret formula owners have been warned not to discuss publicly.(Journal Now)
Jack Roush, in his first major response to Brian France's plan to limit the number of stock-car teams anyone may own, said NASCAR executives have now opened the door to discussions about providing Nextel Cup team owners with a more equitable share of the sport's $2.4 billion in television revenues. Roush said he may propose to NASCAR "income-revenue sharing" with owners by giving them "a substantial piece of the TV" money and "a piece of the gate." Such talks come at an opportune time, since France is negotiating contracts with Fox, NBC and TimeWarner's Turner Network, and possibly with Disney-owned ABC-ESPN. NASCAR and its track owners (principally the France family and Bruton Smith) now take 75 percent of the annual $400 million from TV, while the tour's 40-some team owners share the other $100 million, under a secret formula owners have been warned not to discuss publicly.(Journal Now)