Category: Sports and Recreation > Automotive
Asked by: lindybomb-ga
List Price: $2.00
21 Mar 2006 16:34 PST
Expires: 20 Apr 2006 17:34 PDT
Question ID: 710284
How much would it be for an outsider with no experience to purchase, staff, operate, and profit from a NASCAR Nextel Cup race team? (And by staff I of course mean the car end and business end of things.)
Re: NASCAR Newbie
Answered By: easterangel-ga on 21 Mar 2006 17:04 PST
Hi! Thanks for an interesting question. The link to the article below provides a good estimate of the cost in running a Nascar racing team. In-House Engine Program - $3.5+ Million Team Salaries (Composed of about 90-100 people) - $2.5-3.5 million Travel - $1 million Tires - $1 million (costs about $20,000 per race plus testing) Cars - $1-3 million (Per car building cost is about $125,000 and each team has about 12-15 cars) Driver Salaries - Rookie salaries comes about $400k but star drivers go about $11 million but this also includes other sources like sponsorships. The article also has a breakdown on the expected profits. Profits will mostly come from sponsorships. Source: "NASCAR Nation's Big Story: The Cost of Racing" by Ryan McGee http://msn.foxsports.com/nascar/story/3489526 Search terms used: costs running a nascar race team I hope this link would help you in your research. Before rating this answer, please ask for a clarification if you have a question or if you would need further information. Regards, Easterangel-ga Google Answers Researcher
rated this answer:
Hey thanks! I have always been curious about that. Now I just need to win the lottery so I can afford my own team!!!
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