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To: RummyChick

Is investing in a racing team just an ego thing or can they make money from it?


3 posted on 10/17/2023 9:36:14 AM PDT by Hot Tabasco
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To: Hot Tabasco

You can make money and a lot of it. But look at the dollar amount they are starting with.

I just looked at the top teams in Nascar. Hendricks is listed as 350 million

https://www.sportsunfold.com/what-are-the-10-richest-nascar-teams/

It takes a lot of money and why you see many sponsorships on those cars

In this case maybe they are trying to use big names to then pull in sponsors. Taylor Swift is super hot right now. Having her show up to events increases the marketing. A lot of cross promotion marketing wheeling and dealing going on..


7 posted on 10/17/2023 9:44:08 AM PDT by RummyChick
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To: Hot Tabasco
Is investing in a racing team just an ego thing or can they make money from it?

Worked out pretty well for Joe Gibbs.

8 posted on 10/17/2023 9:44:09 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Hot Tabasco

It’s an endeavor where $100 Million spent over a decade might cover your costs and get you another 1 or 2 mil profit for your troubles. With a good driver, great car, and superlative luck...


15 posted on 10/17/2023 10:03:03 AM PDT by L,TOWM (An upraised middle finger is my virtue signal.)
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