The most powerful teams in NASCAR warned that the racing series has a 'broken' economic model that is unfair and has little to no chance of long-term stability.
The most powerful teams in NASCAR warned Friday that the venerable stock car racing series has a "broken" economic model that is unfair and has little to no chance of long-term stability, a stunning announcement that added to a growing list of woes.
NASCAR Cup Series driver Denny Hamlin makes a pit stop during the Yellawood 500 at Talladega Superspeedway, Oct. 2, 2022.The most powerful teams in NASCAR warned Friday that the venerable stock car racing series has a "broken" economic model that is unfair and has little to no chance of long-term stability, a stunning announcement that added to a growing list of woes.
"We've gotten to the point where team's realize the sustainability in the sport is not very long term," Polk said. "This is not a fair system." He did not disclose the seven points other than noting that team sustainability and longevity were priorities. The committee said Friday they are open to all ideas, including a spending cap like that in Formula One.NASCAR responded to the RTA last week with a counteroffer of "a minimal increase in revenue and emphasis on cost-cutting," Polk said."We've already had substantial cuts. We are doing more with less than we ever have in 30 years," Alpern said.
Because sponsorship is so vital, teams are desperate for financial relief elsewhere and have asked NASCAR for "distribution from the league to cover our baseline costs," Newmark said. Mars Inc., which first entered NASCAR in 1990, late last year decided this season would be its last and JGR spent the last nine months trying to find a new sponsor to keep Kyle Busch, the only winner of multiple championships at the Cup level. Busch has since signed with Richard Childress Racing and will leave JGR after 15 seasons as Toyota's winningest NASCAR driver.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NASCAR Driver Outcry and Safety Concerns Overshadow Cup PlayoffsMore drivers saying that what once seemed like “routine” crashes are more violent than usual with the Next Gen car, which rolled out this season.
Read more »
NASCAR Driver Outcry and Safety Concerns Overshadow Cup PlayoffsMore drivers saying that what once seemed like “routine” crashes are more violent than usual with the Next Gen car, which rolled out this season.
Read more »
How to Watch, Schedule, Odds for NASCAR at the Charlotte RovalHere’s everything you need to know about the Bank of America ROVAL 400, this weekend’s NASCAR playoff race at the Charlotte Motor Speedway road course.
Read more »
Revved Up: Autoweek Racing Readers Have Their Say, Oct. 6 EditionReaders and Autoweek contributor Jerry Bonkowski have their say on Denny Hamlin, AJ Foyt, IMSA, NASCAR Next Gen and more.
Read more »
The Ruling: William Byron Gets Needed Points Break from Appeals PanelRuling Thursday reinstates 25 NASCAR Cup points and moves Hendrick Motorsports driver from 10th to seventh in the standings.
Read more »
Revved Up: Autoweek Racing Readers Have Their Say, Oct. 6 EditionReaders and Autoweek contributor Jerry Bonkowski have their say on Denny Hamlin, AJ Foyt, IMSA, NASCAR Next Gen and more.
Read more »