Running a NASCAR team is no ordinary task. Especially financially. Team owners are always chasing after sponsors to procure money that will fund their operations. It is also why the teams demanded a better share of the TV revenue from NASCAR and why 23XI Racing\/Front Row Motorsports is currently involved in an antitrust lawsuit with the sanctioning body.<\/p>\n
But what expenses cause such implications? Joe Gibbs Racing<\/a>\u2019s team president, Dave Alpern, explained<\/a> this recently on YouTube:<\/p>\n \u201cPeople and parts. Those two would be our top two [expenses] by a good bit. Obviously, people are our most valuable asset. Coach [Gibbs] says at all times that you win with people. We got great people. We got a lot of people, and that includes drivers as well.\u201d<\/p>\n He continued about parts, \u201cSecond would be parts, which include really everything we have to buy or build to put a car together and send our cars to the race track. So, we have eight teams in two different series. Obviously, there\u2019s travel and there\u2019s our facility. But there\u2019s quite a bit that goes into those.\u201d Altogether, the teams are presented with a hefty bill.<\/p>\n Some key financial information surrounding NASCAR<\/a> and its teams was released in court<\/a> as part of the ongoing antitrust lawsuit. Chartered teams can make anywhere from $7 million to $18 million a year before sponsorships. Notably, this money is extremely crucial for their survival since their accounting says that they lose $2.2 million per car fielded on average.<\/p>\n NASCAR reportedly paid out $670 million to tracks and teams in 2023-2024, and turned an average profit of $340 million. The body\u2019s financial statements from the last 10 years and its charter agreement with the teams have all been made public.<\/p>\n An interesting facet from the revelations is that only three teams made money in 2024, and only one made more than $150,000 per car.\u00a0<\/p>\n One team even stated that it lost $10 million per car. This is a concerning number. The revenue per car ranged from $8.2 million to $43 million. On a weighted average, teams claim that each car on the track lost $2.203 million in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"Running a NASCAR team is no ordinary task. Especially financially. Team owners are always chasing after sponsors to…\n","protected":false},"author":2,"featured_media":280180,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[446],"tags":[49,48,127650,634,82],"class_list":{"0":"post-280179","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nascar","8":"tag-ca","9":"tag-canada","10":"tag-dave-alpern","11":"tag-nascar","12":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/280179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=280179"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/280179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/280180"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=280179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=280179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=280179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}