The business side of NASCAR. Why are you so interested?

dpkimmel2001

dpkimmel2001

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No other sport that I know of seems to draw as much fan interest in the business side of things than NASCAR. Why is that?
 
Good question. I am very interested in the NFL but have zero interest in the business aspects of it. However I am very interested in the business end of the NHL and Nascar.

The main reason I am interested in the business end of Nascar and its partners is due to all the challenges facing them and seeing what can be done to alleviate them.
 
Good topic.

Few other sports are as dependent on sponsorship, at the league level or for the individual teams. When your favorite driver's continued participation depends entirely on getting a name on the hood, you become interested in whether someone will step up.

With that said, I'm interested in the sustainability of the top series, and in the continued distribution of the video / broadcasts in a reasonably affordable manner. I think my concerned interest ends there.
 
I care about NASCAR and racing in general much more than I care about other sports. With that said I don't actively seek out this information, but rather it seems more readily available. That's my perception, my often skewed perception.
 
Charlie Spencer said:
Good topic.

Few other sports are as dependent on sponsorship, at the league level or for the individual teams. When your favorite driver's continued participation depends entirely on getting a name on the hood, you become interested in whether someone will step up.

With that said, I'm interested in the sustainability of the top series, and in the continued distribution of the video / broadcasts in a reasonably affordable manner. I think my concerned interest ends there.
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When you hear that it is possible that former champs and multiple race winners like Matt Kenseth and Kurt Busch may not have rides next year it is sobering.

Wrangler1 said:
I care about NASCAR and racing in general much more than I care about other sports. With that said I don't actively seek out this information, but rather it seems more readily available. That's my perception, my often skewed perception.
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One thing that all Nascar fans can rejoice in is the broadcast deal as that should ensure the number of races don't change in the foreseeable future and that many other familiar things stay in place.

The 2 greatest concerns for Nascar is the continued softening of team sponsorships and the lack of young people interested in the series. In reality the only problem is that young people are not interested as if they are present most other issues will vanish.
 
Skoalbandit33 said:
... In reality the only problem is that young people are not interested as if they are present most other issues will vanish.
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I have got to get me some of these young people everyone keeps talking about.

I seriously have no clue what they like. 'Edgy experiences' over material goods, but I'm just not sure which 'experiences'. Military boot camp?
 
In other sports, it's all about salaries due to cap space. In this sport, everything depends on a team's funding.


Fans of other sports are interested in the financial aspect of said sports just like NASCAR, but in different ways.
 
DUN24 said:
In other sports, it's all about salaries due to cap space. In this sport, everything depends on a team's funding.


Fans of other sports are interested in the financial aspect of said sports just like NASCAR, but in different ways.
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I agree with this assessment. I for example I'm a huge Basketball fan and I am on top of the salary information for my team.
 
Charlie Spencer said:
I have got to get me some of these young people everyone keeps talking about.

I seriously have no clue what they like. 'Edgy experiences' over material goods, but I'm just not sure which 'experiences'. Military boot camp?
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I am not exactly sure what young people like but I do know that a lot of them like to be able to converse when they gather, good WiFi is an absolute must and having a commons area where they can congregate is also big. The only thing I know about being edgy is if I have not had enough coffee and IDK what an experience is in the eyes of a youngster. I had the company of a lovely female companion yesterday and we had a picnic at a state forest/conservation area and took in all the sights and sounds and for me that was an experience. I wonder if people go on picnics anymore?
 
DUN24 said:
In other sports, it's all about salaries due to cap space. In this sport, everything depends on a team's funding.


Fans of other sports are interested in the financial aspect of said sports just like NASCAR, but in different ways.
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For me the NHL has so many moving parts and a lot to keep track of behind the scenes if you are interested. A new team will begin play this year so there was the expansion draft, in addition to free agency, trades, rules changes (the NHL doesn't change them weekly), the waiver wire, cap implications of player contracts, new arenas, expansion cities and a lot more.
 
Skoalbandit33 said:
I am not exactly sure what young people like but I do know that a lot of them like to be able to converse when they gather, good WiFi is an absolute must and having a commons area where they can congregate is also big. The only thing I know about being edgy is if I have not had enough coffee and IDK what an experience is in the eyes of a youngster. I had the company of a lovely female companion yesterday and we had a picnic at a state forest/conservation area and took in all the sights and sounds and for me that was an experience. I wonder if people go on picnics anymore?
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I dunno about picnics, but I spent most of Independence Day morning birding at a local wetlands trail. I also dunno is seeing only seven relatively common counts as an 'experience'. but I had a good time.
 
Skoalbandit33 said:
For me the NHL has so many moving parts and a lot to keep track of behind the scenes if you are interested. A new team will begin play this year so there was the expansion draft, in addition to free agency, trades, rules changes (the NHL doesn't change them weekly), the waiver wire, cap implications of player contracts, new arenas, expansion cities and a lot more.
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Go WILD!
 
Charlie Spencer said:
I have got to get me some of these young people everyone keeps talking about.

I seriously have no clue what they like. 'Edgy experiences' over material goods, but I'm just not sure which 'experiences'. Military boot camp?
Click to expand...
I think part is of the problem is how Nascar success is reported. Reporters like headlines and very few care enough to report true facts. To say viewership is down is a fact ONLY in how they obtain the numbers. If they could actually count the number of people actually stopping by every 5 min. for an update the viewers numbers would increase immensely and now you would have the missing age group. IMO
 
The only NASCAR things I pay attention to is what time is the race this week and this web site. The business side is for those who have to deal with it.
 
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