@@chadalac1977 T O is right! NASCAR’s woke agenda along with constant format changes and inconsistent rulings is driving people away from tv viewing and purchasing merchandise. NASCAR is trying to control everything including outcomes with cations. Go woke Go Broke.
Agreed there are even current drivers like Kurt Busch and others that do commentary when they are on Fox who really knows their stuff and this is what the sport needs people that worked ether as a driver or on a team to run the show so they know what it is like to be in a car or at least behind the wall
The sport needs you and your name, you specifically. Times have changed. You have become the most respected commodity in NASCAR in my opinion. It isn’t nepotism, you’ve succeeded in your own right. Successful driver, loved throughout, and the BEST ambassador possible.
Absolutely agree!! Sure I liked him as a driver, followed his moves, but it’s been the off Track Dale Jr that made me appreciate him, and made me appreciate even more of the racing history.
Great conversation. Love how Jnr is so honest about the reality of the Charter situation, not wrapping things up in an idealised ‘everything is fine’ attitude
it’s not the name France family. it’s Brian France that has destroyed the sport. In so many ways. Nascar has enough money, they should get rid of that stupid charter system. Teams without one, nascar has made it extremely difficult for them to get the parts to build this new car. I remember the days where there were usually 3-5 teams that didn’t make the 43 car field. Those days are unfortunately gone.
I love this so much. NASCAR's most prominent voice is joining the chorus of drivers/teams who are saying, "This economic model is f****d, and if NASCAR isn't willing to share revenue more generously, we're going to start kicking at this house of cards and see what happens. Nice series you got there - shame if anything were to happen to it."
@@tiredoldmechanic1791 Wow, 1 team went over by 5% and it's a joke? It is working and hopefully that team gets a serious penalty to make sure it doesn't happen again.
MegaMr46, JRM has already done quite well in the Xfinity series. NASCAR going to the subscriptions route for fans to watch races on TV was a stupid idea. Not everybody has cable TV or a TV satellite dish. IMHO, that's one of the reasons that racetracks are struggling to put butts in the seats. Fans are losing interest. The current points system crap sucks as does the 3 race stages as well. Race ticket prices have escalated out of reach for many fans as well. Cup series race ticket price is $80-$100 per ticket. Traveling prices are now highly expensive as well. Daytona Speedway NASCAR races used to always be sold out but not anymore. $28-$30 million costs just to buy a charter to race? That's ridiculous. Only a fool wants to pay bucks like that just to lose money.
@@sergeantmasson3669 All 3 national series at the same track for what feels like 75% of their schedules doesn't help either. Besides Daytona Speedweek they should be in different regions to not dilute the weekend attendence across 3 options of which race to go to.
NASCAR Really backed themselves, teams, drivers and most of all the entire sport/brand into a corner with this charter system. They can never go back on it now...
They use to send teams home after qualifying for a 43 car field, now we only have 39 cars start. NASCAR is talking about payperview races, there's all ready a lot of races you can't see unless you have an expanded cable package. They may get more money up front but you're looking at a smaller audience. If I'm putting my name on the side of a car I want as many people to see it as possible. As much as NASCAR talks, they've showed over and over they're only interested in how much revenue they can produce for themselves and aren't really concerned about the teams or the fans. I still enjoy watching the races but it doesn't bother me anymore if I miss one now and early in the year there's a few races that I can't get and it's amazing how quickly I can forget about something that I use to really love.
Junior been a fan of NASCAR for sixty years. Keep your money in your pocket. The new fans have no longevity for the sport. Most are just fad seekers. NASCAR today is not what it once was..
Charters are only worth what people are willing to pay. Just because someone is asking $28 million, doesn’t make them worth $28 million. Yes, there are still a lot of people wanting charters. Hell, I would like a charter. But how many people are willing to pay more than $20 million. Especially with what other start up costs are involved
More than you might think. There are a lot of people out there with a lot of money (raw quantity, not percentage) who use sports teams for bragging rights on their yachts. If you're the buddy of the guy who is shoving his super bowl ring in your face, how long before you throw a couple hundred million at trying to get a Daytona 500 trophy? $30 million is literally peanuts to a guy like Elon Musk or Mark Zuckerberg. Rick Hendrick changed the game when he brought car dealership money in and squeezed out guys like Junior Johnson and Richard Petty who followed the previous traditional model. Imagine what happens if tech billionaire money comes in? Of course, all of that is contingent on viewership in the end. A Super Bowl ring is more valuable because more people watch the Super Bowl. So the value of the trophy is directly tied to how many people care about the trophy.
Bring back real Nascar racing! I and a lot of friends have stopped watching and following with this current Nascar mode. When you had competition it was racing and sad to say ever since Sr. passed away it went down hill from there. The older drivers need to take control and bring back the racing style that started Nascar.
Looks to me that a work stoppage is coming. It needs to happen. NASCAR team owners need to emphasize to the France family that they don't exist without the teams. No teams; No NASCAR.
What I think is going to happen is that the teams getting a bigger piece will just increase the size of the pie, which will come out of the pockets of the race fan. It will a stoppage but a stoppage of a lot of people being able to afford to attend the races. Empty grandstands is not a good look, especially financially.
Where I see nascar losing ratings/ fans is too many races are on cable channels versus on standard broadcasting considering a large chunk of people across the country cut the cord on cable and satellite providers.
NASCAR is not a racing series, it's an entertainment series. Look up the Tony Stewart, Kyle Petty Interview from a few years back. He said NASCAR is going in a direction neither the drivers or fans want to see. Rip their house of cards down.
All racing is an entertainment series. Be it SCCA weekend autocross or the full blown pro series of your choice they are competing for your time and money vs. anything else you'd like to do. The charter system just makes it worse. Racing should best team wins not best team that can afford to buy a charter wins. But it's nothing new. Even in something as simple as A-X money is used to keep people out of certain classes. Go to any big event and the lower cost of participation classes will have more entries and be way more competitive than the ones that cost a ton filled with the same 5 guys that race against each other every event. Racing has always been about money. SSDD it's just more out in the open.
@@fastballfilms4214 Not the type of entertainment im talking about. Even the drivers talk about the need to "put on a good show" - a lot of staged events happen in NASCAR. It's not balls to the wall to win the race anymore. It's like WWE
I think Mike might be surprised at how many people would not pay a premium price to watch at home on TV through whatever service. People are walking away from the stands and the TV. Steve Phelps pushing this new woke left leaning NASCAR has really hurt the sport. That and this stupid playoff setup along with terrible racing at a lot of tracks that used to pack people in. IMHO
The charter system is hopelessly broken. Aside from the massive startup cost of a team you add a multi million dollar buy in. Sure you can sell a charter, but why? Why are we incentivising selling a team? Teams have millions of dollars of inventory from cars, engines, parts, haulers, trailers, buildings, equipment, pit boxes and more. This charter system is a barrier to entry, all so teams who are leaving the sport can make money, it's hopelessly broken
Why does NASCAR keep more money than the teams? NASCAR needs to be checked . No teams= no driver = NASCAR . I am tired of the current NASCAR regime. They made this sport a entertainment show. Forcing cautions just for commercial breaks and chaos.
A few team's need to tell NASCAR to go Pound Sand and go with something like Srx. Tony Stewart and The people involved have The knowledge and money to compete. NASCAR is failing.
This was a great discussion. Why would anyone get into a business of any kind and know you will lose money. I think the owners have great leverage. If the major teams got together and said we're not racing NASCAR would have to negotiate in better faith. The TV money may not continue to increase. The smaller number in the stands is an indication that NASCAR is not a popular as it used to be and the TV ratings may soon reflect that.
Smartest kid I know. More financially savvy than I would have guessed. You can make a lot income on a basic ROI w/$30MM somewhere else. Have to really weigh the opportunity cost before investing that much....and the future of motorsports is hard to predict. Where will it be in 2 or 3 decades?? Even here anymore? Probably, but it won't look like the current model.
IMO from a business standpoint, it makes more sense for JRM to partner with Stewart and expand SRX then it does to expand in NASCAR. One is a small brand with lots of growth potential, while NASCAR is showing signs of being on it's deathbed. Time to get out and grow something new.
IDK, SRX is doing alright two seasons in, not an exact match to NASCAR but with proper development and adding legitimacy over time SRX might be the next NASCAR, cause NASCAR currently sucks, the product is crap, so much needs to be fixed.
@@AnOkayPerson you'd be talking about racing at South Boston and a bunch of tiny tracks doing short races with promoters that'd go broke a week before the race. Once NASCAR bought ARCA and ISC got merged into NASCAR, it checkmated the teams pulling some kind of Champ Car like series. The money it'd take would scare any team off as well.
@@getinit56 Only move they could do is make a deal with SMI and a few of the independent owners of tracks like Gateway, IRP, and Pocono. Would fans tune into a series with no Daytona, Talladega, or Darlington but focus on SMI and short tracks is a big question
Great topic to discuss, I work with MBM as a sponsor outreach. It’s a challenge to find full time sponsors for the Xfinity series and we have solid drivers. There’s definitely not been enough funding for our cup program this year, hopefully things will be ok for Nascar if we go into a recession. Best of luck JR, love the podcast as well. 🏁
NASCAR needs you more than you need NASCAR. The drivers are low rate, the cars are low rate...SRX has top drivers on short tracks...i didn't miss one of their races last season and enjoyed every one. They're going in totally different directions. If there's a way into SRX, take it.
Their leverage is called a STRIKE Nascar has never had a team strike and if that was to happen it would make Nascar lose a lot of money cause no TV and I think they'd have to pay every race track that they have to cancel on.
@@MrRolloBaggins that's what I was wondering... how much of the money pool are the sponsors receiving? Is it more than the teams? If not, the teams [theoretically] still have some leverage & therefore could attempt to negotiate/disclose a lockout before announcing? Very complicated business model that we have here & becomes more evident by the day why these teams are losing so much money.
Because Dale knows that nascar hasn’t bottomed out yet. The value of charters keep going down with sponsors leaving. He’ll jump in when the market plummets and the current nascar suits get fired
If they're running at a loss now, and major sponsors are pulling out, you already can barely find a team that runs one sponsor all year. I honestly think give it a couple years, I think this is a peak. I think in a couple years, maybe 4-5, I think 4 car teams will be gone. I think it will be like F1, all 2 car teams which makes charters available, may lower the cost a little, not much but a little. Something else, there are s few owners that are up there in years too, if things stay at a loss, they'll never be able to move on to a new owner. I think there's some major changes coming in 4-5-10 years.
I'd hold off personally and wait because if we do go into a recession and we certainly are overdue for one since it's been since 2008 since we had a normal Recession (2020 was everything but a normal recession) then the first thing that takes a hit are live events and when that happens people start looking to get out meaning there would be more Charters available and more Charters available will drive the cost down. Right no the Demand exceeds the Supply but at the tail end of a recession the Supply usually exceeds the Demand It's a Seller's Market right now and I'd wait for a Buyer's Market ..... If it doesn't happen you aren't out any money but if you buy in now you could lose your ass with no way to get out
Exactly. The first thing that goes by the wayside in a recession is discretionary income because people need that to live on. Who's got money to go attend a race and buy merch? Especially for a series that is already struggling, and can't attract sponsors.
Dale and his sister Kelly are some of the sharpest people in racing. The teams are going to have to do something to get changes. Buying a NASCAR Cup charter is like buying an old race horse because NASCAR is going downhill fast and NASCAR knows it so they are grabbing all of the money they can for the few years before it dies. They have priced the races out of the range of most people. Their fans are mainly older people, like me, who are dying off or losing interest because of the things NASCAR does. I don't see a big television deal coming because there isn't any money to be made. Since NASCAR is privately owned by the France family, there are no financial reports available to the public so only they know how much they make.
Nascar has effectively killed its car count for the future. With these charters they have created a "limited" group that can only race in the cup division. This has guaranteed that only 36 or 38 cars will be eligible to race. They have stopped the independent teams from racing. This has also caused the cost of a charter to soar, and you have people that want to race in cup like Jr's team but they cant and wont pay the 20 million at this time to be in cup. It's only going to get worst as far as costs. I understand why the charter system was put in place, to protect the teams week in and week out with there investments, but it has hindered nascar growth as far as number of teams. And will continue to as long as the current charter system is in place.
Dale needs to be the president of NASCAR- a real honest person with the knowledge of a racer, an owner, and an announcer. The whole package! Dale Yeah!
I kinda feel like Mike would feel differently about buying a charter if it were his 28 million dollars being invested. I’m with Dale on this…..I wouldn’t throw down that kind of money on something that is operating at a loss. I heard previous owner drivers from years ago saying they shut down operations because they were throwing good money after bad. Edit: After watching the entire video I saw Mike mentioned how he may feel differently if it were his money. 😂
Mike's take is all based on "what if" rather than Dale's take of an absolute. You have to go with what is in front of you. And just a bit for thought here....Maybe NASCAR is trying to piss off Tony Stewart enough so he will leave like he threatened to so that opens up a "successful" charter for JR to get in.
This was the most interesting convo here. The RTA and NASCAR must come to a sustainable revenue sharing program. Jr is right in that charters are way over priced with the current model and prices (For charters) should stabilize soon. He is smart to wait out!!
The whole Kyle Busch Free Agency saga of 2022 proves how dangerous it is to rely purely on sponsorship revenue. Teams need more the revenue pie from NASCAR in order to make it financially viable to invest in the sport.
You can’t even watch a race on a normal channel you have to buy one of the sports channels and besides that he has me NASCAR screwing this whole thing up with these playoffs like they’re doing it’s just stupid
what Dale is talking about has Changed Nascar, the day's of a independent Race Team is Gone! The Grass Roots of Nascar has been gone since 2015 when new ( Bad ) people got hired by Nascar or maybe before that! I stopped watching after Denney Attack Bowan after the Racing During the Burnout, Nascar didn't do a thing. The Fines today are outrageous, I can't watch this new car & tire Failures, it's not fun to watch anymore.
Earnhardt-Childress Motorsports is the Solution!!! The #3 and #8 owned by Jr. (I had previously said Hendrick, mb) If Rcr sells Jr at a low cost, 5-10mil 51%, combines the teams, then Childress can take his step back but still own a team, that 49% is worth more than 100% now because Jr. Plus the 2 teams combined should be very good. Especially if a Championship Driver like Jr is driving the #3 atleast the 1st year
Like the Chip Ganassi situation I think If you show up with $30 million it's a really tempting sell for most teams. However for a team actively looking to sell they will probably sell their charter for much lower.
NASCAR currently has a terrible TV deal. When practice & qualifying are superseded by soccer " which most NASCAR fans don't give a chit about " tells me NASCAR is on a bad road to continuing to losing us late 50's early 60's fans.
What the teams are doing now is a necessary evil. They have to hold NASCAR's feet to the fire to get the fairest split. It's going to cause some friction for a bit but it's all doable. The TV money needs to get to the teams but I expect NASCAR to ask for a salary cap as a tradeoff. Don't wait on a charter if you're waiting on the TV deal. If its 30 million today, it's going to be 40 next year and if the TV split is changed, it might hit 50 or 60 or more. The RTA and drivers have a ton of leverage as long as they are willing to go the distance with negotiations. I don't think either party is, so yeah, their leverage isn't amazing. The teams put it in public perception because they know the voices will pressure NASCAR more than doing everything behind closed doors. We tried that with Next Gen and see where we are now?
Good points, but I don't see the cost of a charter tied to the split in any way, shape or form. The charter is going at market price and the split will never cover the cost of the charter, it's not designed to. You have two classic business models here, the first is 'Supply and Demand' and the other is 'Management/Worker relationships'. For the first, if no one buys a single charter, the price will go down. If NASCAR offers 10 new charters, the price will go down. If the owners tire of fighting a losing battle, a few charters will open each year causing the charter value to level out a reasonable price. As far as the management deal, NASCAR runs its show the way they want. They didn't set the current cost of a charter and don't need to pony up more money to make racing viable. They might try to be honest about the revenues from TV, but they call the shots. If the RTA were to negotiate more TV revenue, what do they bring to the table, and what is its' worth. Salary caps do not benefit NASCAR. From what I see, attendance at the race track is wishy-washy at best and I believe they cannot negotiate TV revenues like they once could. When we were late models on paved tracks, you had to finish 1st or 2nd to make a few bucks and 3rd didn't cover fuel and tires, that's just the way it works in racing. If you don't have someone rich to write the checks, you lose money. The old saying is "The best way to make a small fortune racing, is to start with a large one".
@@petebrooks6539 I see all your points and they are all valid for the mostpart. However, NASCAR is uniquely different than any other motorsport in this country because it had an incredibly lucrative television deal. IndyCar does not. NHRA does not. As was said in the video, NASCAR has live sports entertainment and it's the last thing television networks still own over any streaming entity. It's probably the 6th or 7th most popular spectator sport behind only the NFL, NBA, MLB, MLS, NHL and combat sports. It still does solidly reliable ratings and crushes any actual television show that would take its place. Most people were surprised MLB's last television deal was as strong as it was but they have plenty of games to fill air time which networks want to fill. If you take some of the reports that revenues are at about a 90/10 actual split against teams and you suppose the teams got a 70/30 split at worst case, how could that not affect charter prices? If you own a charter and roughly know about how much revenue you'd make just by showing up to the races, it becomes an investment tool. Yes, ultimately if the owners fade out or they add more charters than there are people whom want them, it will drive prices way down. But, if you assume Jr is correct in saying there are 3 or 4 people fighting for a single charter, that will only increase in the future. You have 2 relatively new teams that we can project to possibly grow in the near future in Kaulig and Trackhouse, RFK wants to add cars, Childress and 23XI are unknowns ontop of JRM and possibly KBM in the near future, demand doesn't seem like it'd be an issue unless the revenue split isn't resolved.
I had no idea Dale Jr. was such a good businessman… My viewpoint is like Dales.. The economy sucks right now and Nascar is losing money. Wait and see approach. If the deals not right the deals not right
Dale is 100% right. Now is not the right time to get into the cup series as a team owner. The sanctioning body needs to get it's act together in a serious way. Without the teams, NASCAR wouldn't exist. At least not at the premier level.
Dale certainly has an abundance of friends in ownership in the cup series to get advice from. Rick Hendrick, Richard Childress, Joe Gibbs, Tony Stewart, Denny Hamlin, Brad Keselowski.
Dale I think if you went cup racing every sponsor would be knocking down your door to be part of your name. So I think you should jump in and make your father proud being a top contender. And you could actually race a few races a year as well. That'd be awesome to see you back in your own cup team car. People would pay millions for that.
Would be cool but he refuses to race in cup and mess with the points standings in any way. He has said that’s why he only races Xfinity once a year, so he can have his one race and not ruin anybody’s chances at a championship.
Nascar is on a downward slide..the economy is tanking..global recession..hold on to your money dale..enjoy your kids..im sure tony stewart is ready to sell RIGHT NOW :}
This is why personalities are so important. The drivers/teams have allowed themselves over the decades to become too generic. Too easily replaceable. The precedent for a walkout in nascar is Talledega in '69. SO, is there enough personality in the X Finity series to carry nascar if the RTA balks at any insufficient deal? That will answer how much clout the RTA has
I am not the smartest person. It's a bubble for sure. All the money goes to the uppers. While the Teams and driver's are getting the short end of the stick,lol 🏁🏁😆.There needs to be more balance with revenue. It's something so awesome for so many people, but $ and greed get in the way. I know everything will sort it's self out. Anyway, I was at Spring Vegas and it's was the best fun ever.!!!! Bad Ass. 🏁🏁🏁🏁😃🏁🏁!!! I say wait. Don't do it Dale!!! It will be 6 again.
The real problem: Too much of the sport is desperately dependent on external forces ( sponsorship and therefore public interest) and the business model of soley making the sport corporatizable and prioritizing ppl who bring that funded sponsor security instead of drivers who bring in public appeal and therefore the sponsor interest is at a crossroads
He should wait until 2024. The economy is going to be real shaky for the next 18 months. That $30 mil could drop off if a bunch of companies start pulling sponsorships. Really refreshing to see he's a responsible business owner. His dad would be really proud (I'm sure he is, somewhere up there).
NASCAR is NOT a good product right now, and has not been for awhile. The cars suck, the tracks are horrible, and NASCAR is not listening to their fans. Hell, TV doesn't even pan the crowd anymore because the stands are not full
ITS OBVIOUS THE REVENUE SHARING MODEL FOR NASCAR IS CRAP/BROKEN/TRASH...IMAGINE NFL/NBA/MLB NOT SHARING TV REVENUE WITH TEAMS, ALL SPORTS TEAMS WOULD FAIL FINANCIALLY UNDER NASCAR MODEL!!!!! SPONSOR MODEL IS RIDICULOUS...WONT WORK IN MODERN WORLD...
This is crazy nascar should be paying dale to have a charter. Shows what nascar know. All I know is I’m a fan and been going to Michigan for 13 years in a row and the lines for tee shirts just keeps getting shorter and shorter along with every other line. Went to eldora and there lines are growing
Nascar Takes 25 percent plus what the get from the tracks they own which is 65 percent plus the money the got from fox for the initial right to broadcast 1billion or something Nascar sounds greedy and incompetent after looking at the nee car. FIRES AND Driver concucissions
When has owning a championship race team ever been a profitable business venture? The top teams always defecit spend to try to fill their trophy case and make up that money through other means. It's a vanity project for people who have already become wealthy through other business ventures that are profitable.
The teams don’t have leverage? I know Dale wants to see NASCAR as above all this, but they aren’t. The teams have all the leverage. If NASCAR says no, what’s to stop the team owners from banding together and forming their own group like SRX. There’s not a ton of tracks, but that would quickly quickly change as independent tracks made a ton. The sport could be based around whatever in person crowd the track can handle plus streaming. the teams ARE the product. NASCAR better tread lightly or this will be the IRL split all over again
Dale: if one were to look at Purchase Price based on numbers alone; in business terms an entity sells for a multiple of net cash flow it generates annually eg: say purchase price of $30mil divisible by 2 would equal $15mil being the purchase price value of the business. or said another way - if a business is worth a multiple of 2 times net annual cash flow - which is the cachet of Goodwill attached to the business to value its' ability to generate ongoing net income for the next two years (minimum) - Mike raises a good point on how big is the pie; the multiple revenue streams attached that generate cash flow for NASCAR and the divisible amount available for disbursement amongst the teams, and NASCAR needs the teams, and symbioltically, the teams need NASCAR; then as alluded supply v demand; if there's only one team for sale and there's two buyers, demand exceeds supply and drives the price up to the price point beyond the business ability to generate sustainable net cash flow for the purchaser to recoup outlays in the short term when business risk is at its' highest and return on investment is at its' lowest ....you'll know this anyway - Great Topic
10s of thousands of seats covered by banners, commentators saying what a huge crowd is there....cut to the in-car camera ....stands less than 1/2 full....Big Bill would fire everyone that talked about the stock market, including Bill Jr. That's when it went to crap because now the bottom line is for the stockholders not the fans. Listened to my first race at 6yrs old and loved my NASCAR for 45 yrs. I can barely stand to listen to it now. The all-driver commentary races are the worst. stumbling and mumbling through the commercials, dead air time, and in general poor performance. Leave a professional announcer in the booth, and please stop telling me how the sport is growing when I see 1/2 empty grandstands at nearly every race. I love Dale Jr. and understand his whole life has been as a devotee of Nascar. His knowledge of its history is hard to beat. I wish him and his company much success. I love seeing all his drivers running up front in the Xfinity series......Josh Berry is the man.
NASCAR isn't going to give more money when the teams aren't held to a cost cap. The teams are choosing to spend more money to win. They don't have to, but then they will run 20th. If they can come up with a cost cap then I think it is a win/win for everyone.
Absolutely. NASCAR told these teams to cut payroll and they’d get their number they wanted. HMS. Penske, SHR and JGR would literally lose hundreds of ppl and they don’t wanna lay ppl off… and they’d have to pay unemployment pay. Either say owners don’t wanna get smaller. They want to keep what they have . A huge financial interest, training and education.
Jr Motorsports in the top tier of Nascar is a money maker period. The name alone is worth the cost of the charter. People will flock to it, promise. And whoever the one guy is that has the charter now.. offer him/her a small percentage of profits moving forward in addition to a negotiated price for the charter.
2 mil to 28 mil in 10 years while viewership has gone down is bs. That "value" is inflated by a factor of 3 or 4. If the teams aren't getting any (or a fair share) of the TV revenue, that deal is a sh@tshow. Don't jump in until this gets leveled out.
I agreed with Dale, but Mike made a solid point. As ridiculously expensive as charters currently are, it would not surprise me to see that $$ increase even more in the future. It's a bummer that JR motorsports didn't go after one before the increase. Hopefully we'll see them in Cup sooner rather than later.
Jr. is really lucky to have someone like Mike to kick around ideas and talk though problems. And I thought several months ago Jr. was crazy for not buying a Charter at $12M. I forgot he could have bought one at $6m.
I also believe Dale Earnhardt Jr should be in the office of NASCAR. I believe that boy knows what fans want and what is good racing. It damn sure made North Wilkesboro great again. He must have some Trump him.
Are you implying that someone with a high net worth maintains and grows that net worth by investing in things that, at this point are nothing but clear losses?
As a long time viewer of racing NASCAR is a dying sport it's boring the races are too long they have pretty stupid rules there are other far better racing series out there just follow the leader for 20 laps then follow the next guy for 20 laps nothing like it used to be it's just plain boring kind of like baseball
If the charter is like the stock market the bubble will burst! Hold out Jr. let's face it the chase playoff is boring , I see Nascar on a decline on a downward slop.
NASCAR is swirling the bowl- no freaking way would I dump cash into it right now if I were Jr. the sport needs him to help fend off the end- they should figure out a way to get him a charter at a huge discount in an attempt to save the sport imo.
I agree with Dale. If I were in his position, I'd be in a wait and see mode.
who on earth is going to want to pay 28-30 million dollars for a chance to lose even more?! completely with junior here.
Go woke go broke!!! It's not that hard to figure out!!!
It's a big gamble though. Charters could just as easily double in price again over the next decade.
@@to8860 why are you here then bud if you feel this way , thanx for the support tho
@@chadalac1977 T O is right! NASCAR’s woke agenda along with constant format changes and inconsistent rulings is driving people away from tv viewing and purchasing merchandise.
NASCAR is trying to control everything including outcomes with cations. Go woke Go Broke.
Dale and a bunch of other former driver/enthusiasts needs to run NASCAR.
you are absolutely correct, too bad it will never happen
Agreed!
Agreed there are even current drivers like Kurt Busch and others that do commentary when they are on Fox who really knows their stuff and this is what the sport needs people that worked ether as a driver or on a team to run the show so they know what it is like to be in a car or at least behind the wall
@@chadfaulkner3600 never say never, there’s hoping
Could set up a spiritual successor racing series to a certain generation of car?
The sport needs you and your name, you specifically. Times have changed. You have become the most respected commodity in NASCAR in my opinion. It isn’t nepotism, you’ve succeeded in your own right. Successful driver, loved throughout, and the BEST ambassador possible.
Absolutely agree!! Sure I liked him as a driver, followed his moves, but it’s been the off Track Dale Jr that made me appreciate him, and made me appreciate even more of the racing history.
Great conversation. Love how Jnr is so honest about the reality of the Charter situation, not wrapping things up in an idealised ‘everything is fine’ attitude
Dale has been such a breath of fresh air and candor. France family need to understand the power of the talent
The France family needs to sell NASCAR.
France family, incompetent and corrupt drug addicts since the 1940's.
@@kylefunderburk4194 they tried a few years ago.
it’s not the name France family. it’s Brian France that has destroyed the sport. In so many ways. Nascar has enough money, they should get rid of that stupid charter system. Teams without one, nascar has made it extremely difficult for them to get the parts to build this new car. I remember the days where there were usually 3-5 teams that didn’t make the 43 car field. Those days are unfortunately gone.
@@mikeadams42Brian looks great compared to Jim France and Ben Kennedy. Steve Phelps too
If HMS is not making money (rumored by Jeff Gordon) Imagine the state of the medium and smaller teams
I love this so much. NASCAR's most prominent voice is joining the chorus of drivers/teams who are saying, "This economic model is f****d, and if NASCAR isn't willing to share revenue more generously, we're going to start kicking at this house of cards and see what happens. Nice series you got there - shame if anything were to happen to it."
Teams need to be placed on a cost cap then. NASCAR isn't going to give teams more money just for them to spend it and then ask for more money.
@@RippingItAllSportsCards Then NASCAR needs to keep the costs of the parts and chassis for NASCAR's race car down.
Surely he already knew all this information
@@RippingItAllSportsCards Look how well the cost cap worked in Formula One. It's a joke, just like F1 and NASCAR's officiating.
@@tiredoldmechanic1791 Wow, 1 team went over by 5% and it's a joke? It is working and hopefully that team gets a serious penalty to make sure it doesn't happen again.
As much as I wanted that to happen, I think JR Motorsports is better off as a prospect Xfinity Team.
MegaMr46, JRM has already done quite well in the Xfinity series. NASCAR going to the subscriptions route for fans to watch races on TV was a stupid idea. Not everybody has cable TV or a TV satellite dish. IMHO, that's one of the reasons that racetracks are struggling to put butts in the seats. Fans are losing interest. The current points system crap sucks as does the 3 race stages as well. Race ticket prices have escalated out of reach for many fans as well. Cup series race ticket price is $80-$100 per ticket. Traveling prices are now highly expensive as well. Daytona Speedway NASCAR races used to always be sold out but not anymore. $28-$30 million costs just to buy a charter to race? That's ridiculous. Only a fool wants to pay bucks like that just to lose money.
@@sergeantmasson3669 All 3 national series at the same track for what feels like 75% of their schedules doesn't help either. Besides Daytona Speedweek they should be in different regions to not dilute the weekend attendence across 3 options of which race to go to.
@@darthrevan611 It's been that way since NASCAR big leagues started with 3 series. Sometimes not all 3 series are at the same tracks, though.
I believe if any race team owner can sway Nascar for more TV revenue...it's Dale Jr
NASCAR Really backed themselves, teams, drivers and most of all the entire sport/brand into a corner with this charter system. They can never go back on it now...
They use to send teams home after qualifying for a 43 car field, now we only have 39 cars start. NASCAR is talking about payperview races, there's all ready a lot of races you can't see unless you have an expanded cable package. They may get more money up front but you're looking at a smaller audience. If I'm putting my name on the side of a car I want as many people to see it as possible. As much as NASCAR talks, they've showed over and over they're only interested in how much revenue they can produce for themselves and aren't really concerned about the teams or the fans. I still enjoy watching the races but it doesn't bother me anymore if I miss one now and early in the year there's a few races that I can't get and it's amazing how quickly I can forget about something that I use to really love.
Jr showing us the business side of NASCAR and all the pitfalls is much appreciated. Very informative.
Dale Jr running the price of Charters down to get the one he wants at a cheaper price! Smart move D Jr.!
accounting numbers don't lie, he can't run the price of them down.
Junior been a fan of NASCAR for sixty years. Keep your money in your pocket. The new fans have no longevity for the sport. Most are just fad seekers. NASCAR today is not what it once was..
Charters are only worth what people are willing to pay. Just because someone is asking $28 million, doesn’t make them worth $28 million. Yes, there are still a lot of people wanting charters. Hell, I would like a charter. But how many people are willing to pay more than $20 million. Especially with what other start up costs are involved
More than you might think.
There are a lot of people out there with a lot of money (raw quantity, not percentage) who use sports teams for bragging rights on their yachts.
If you're the buddy of the guy who is shoving his super bowl ring in your face, how long before you throw a couple hundred million at trying to get a Daytona 500 trophy?
$30 million is literally peanuts to a guy like Elon Musk or Mark Zuckerberg.
Rick Hendrick changed the game when he brought car dealership money in and squeezed out guys like Junior Johnson and Richard Petty who followed the previous traditional model.
Imagine what happens if tech billionaire money comes in?
Of course, all of that is contingent on viewership in the end. A Super Bowl ring is more valuable because more people watch the Super Bowl. So the value of the trophy is directly tied to how many people care about the trophy.
🤡
ANYTHING is only worth what someone will pay. Yet most people selling used cars don’t understand this.
Bring back real Nascar racing! I and a lot of friends have stopped watching and following with this current Nascar mode. When you had competition it was racing and sad to say ever since Sr. passed away it went down hill from there. The older drivers need to take control and bring back the racing style that started Nascar.
Looks to me that a work stoppage is coming. It needs to happen. NASCAR team owners need to emphasize to the France family that they don't exist without the teams. No teams; No NASCAR.
It might not be a work stoppage, but something worse. IndyCar should be used as a warning
What I think is going to happen is that the teams getting a bigger piece will just increase the size of the pie, which will come out of the pockets of the race fan. It will a stoppage but a stoppage of a lot of people being able to afford to attend the races. Empty grandstands is not a good look, especially financially.
May need to be. Nascar is too greedy.
Hopefully after Daytona 500 for next year as I already got my tickets
I think a lot of fans will walk away of there is a stoppage. I also don't think there will be a stoppage
Where I see nascar losing ratings/ fans is too many races are on cable channels versus on standard broadcasting considering a large chunk of people across the country cut the cord on cable and satellite providers.
NASCAR is not a racing series, it's an entertainment series. Look up the Tony Stewart, Kyle Petty Interview from a few years back. He said NASCAR is going in a direction neither the drivers or fans want to see. Rip their house of cards down.
It's dying already. Business doesn't exist to lose money. Teams will start leaving, they already are
@@weaksignal8009 It's been dying since at least the start of the chase. Driver injuries are only highlighting.
All racing is an entertainment series. Be it SCCA weekend autocross or the full blown pro series of your choice they are competing for your time and money vs. anything else you'd like to do. The charter system just makes it worse. Racing should best team wins not best team that can afford to buy a charter wins. But it's nothing new. Even in something as simple as A-X money is used to keep people out of certain classes. Go to any big event and the lower cost of participation classes will have more entries and be way more competitive than the ones that cost a ton filled with the same 5 guys that race against each other every event. Racing has always been about money. SSDD it's just more out in the open.
All racing is entertainment 🤣
@@fastballfilms4214 Not the type of entertainment im talking about. Even the drivers talk about the need to "put on a good show" - a lot of staged events happen in NASCAR. It's not balls to the wall to win the race anymore. It's like WWE
I think Mike might be surprised at how many people would not pay a premium price to watch at home on TV through whatever service. People are walking away from the stands and the TV. Steve Phelps pushing this new woke left leaning NASCAR has really hurt the sport. That and this stupid playoff setup along with terrible racing at a lot of tracks that used to pack people in. IMHO
Maybe you can get some 'Stewart-Haas' charters on the cheap. Doesn't seem like Tony is thrilled with NAStCAR
The charter system is hopelessly broken. Aside from the massive startup cost of a team you add a multi million dollar buy in. Sure you can sell a charter, but why? Why are we incentivising selling a team? Teams have millions of dollars of inventory from cars, engines, parts, haulers, trailers, buildings, equipment, pit boxes and more. This charter system is a barrier to entry, all so teams who are leaving the sport can make money, it's hopelessly broken
The TV money is the only thing keeping Nascar going. Very few people watch racing anymore!
Racing doesn't have playoffs, the France family is too dumb.
Why does NASCAR keep more money than the teams?
NASCAR needs to be checked .
No teams= no driver = NASCAR .
I am tired of the current NASCAR regime.
They made this sport a entertainment show.
Forcing cautions just for commercial breaks and chaos.
Perfect time for Tony and SRX to take over. If it can happen with the PGA…
Remember Open wheel racings fiasco?
A few team's need to tell NASCAR to go Pound Sand and go with something like Srx. Tony Stewart and The people involved have The knowledge and money to compete. NASCAR is failing.
I don't think SRX is a position nor does it have the desire to be a direct competitor to NASCAR
@@edhlavaty6914 cart owners thought the same thing.
@@doomman700 Penske was one of those CART owners. He knows first hand.
This was a great discussion. Why would anyone get into a business of any kind and know you will lose money. I think the owners have great leverage. If the major teams got together and said we're not racing NASCAR would have to negotiate in better faith. The TV money may not continue to increase. The smaller number in the stands is an indication that NASCAR is not a popular as it used to be and the TV ratings may soon reflect that.
BJ is gonna be a very rich man once he decides to sell that charter.
Smartest kid I know. More financially savvy than I would have guessed. You can make a lot income on a basic ROI w/$30MM somewhere else. Have to really weigh the opportunity cost before investing that much....and the future of motorsports is hard to predict. Where will it be in 2 or 3 decades?? Even here anymore? Probably, but it won't look like the current model.
IMO from a business standpoint, it makes more sense for JRM to partner with Stewart and expand SRX then it does to expand in NASCAR.
One is a small brand with lots of growth potential, while NASCAR is showing signs of being on it's deathbed. Time to get out and grow something new.
Or possibly with Robby Gordon. They can follow other series and use the unique tracks like Indy road courses and short tracks
@@MrRolloBaggins all 3 together would have a lot of pull.
NASCAR is dieing look at the empty seats & these cars are not Stock Cars. I hate what it has become a JOKE!!!
Very Smart move. He's thinking with his business sense. Apparently Nascar is looking to stick it to everyone else.
Makes me wonder when team owners start their own racing series and forget about Nascar.
That has been tried. Nascar has the tracks sowed up. Without the tracks, there isn't a series.
IDK, SRX is doing alright two seasons in, not an exact match to NASCAR but with proper development and adding legitimacy over time SRX might be the next NASCAR, cause NASCAR currently sucks, the product is crap, so much needs to be fixed.
Tony Stewart is working on it with SRX and they've done a fine job. Look up the Tony Stewart Kyle Petty interview.
@@AnOkayPerson you'd be talking about racing at South Boston and a bunch of tiny tracks doing short races with promoters that'd go broke a week before the race. Once NASCAR bought ARCA and ISC got merged into NASCAR, it checkmated the teams pulling some kind of Champ Car like series. The money it'd take would scare any team off as well.
@@getinit56 Only move they could do is make a deal with SMI and a few of the independent owners of tracks like Gateway, IRP, and Pocono. Would fans tune into a series with no Daytona, Talladega, or Darlington but focus on SMI and short tracks is a big question
Great topic to discuss, I work with MBM as a sponsor outreach. It’s a challenge to find full time sponsors for the Xfinity series and we have solid drivers. There’s definitely not been enough funding for our cup program this year, hopefully things will be ok for Nascar if we go into a recession. Best of luck JR, love the podcast as well. 🏁
I want a 30 race schedule and a season long championship.
Charters keep out innovation, and I never saw how that helped the sport.
Isn't it really the new car that keeps out innovation?
I want a NASCRAP zero race schedule, because it sucks for the last 20 years.
@@LT1HILLINGHOE then why are you here bud , got the hater support ?💪
@@chadalac1977 Usually, I don't reply to an idiot. However, in your case, I made an exception.
@@LT1HILLINGHOE you even thumb 👍 your own comment !
You can’t beat Jr as a business person he thinks first and long before he jumps in
I think the only company making money in Nascar is Nascar.
Dale knows the future of Motor sports in the next ten years.
NASCAR needs you more than you need NASCAR. The drivers are low rate, the cars are low rate...SRX has top drivers on short tracks...i didn't miss one of their races last season and enjoyed every one. They're going in totally different directions. If there's a way into SRX, take it.
Their leverage is called a STRIKE Nascar has never had a team strike and if that was to happen it would make Nascar lose a lot of money cause no TV and I think they'd have to pay every race track that they have to cancel on.
The sponsors won't stand by the teams of they do that. Most likely the reason they don't do strike in my opinion
@@MrRolloBaggins that's what I was wondering... how much of the money pool are the sponsors receiving? Is it more than the teams? If not, the teams [theoretically] still have some leverage & therefore could attempt to negotiate/disclose a lockout before announcing? Very complicated business model that we have here & becomes more evident by the day why these teams are losing so much money.
Wrong
@@MrRolloBaggins i disagree. I could see an RTA/NASCAR split happening
NASCAR just isn’t fun to watch anymore.
Because Dale knows that nascar hasn’t bottomed out yet. The value of charters keep going down with sponsors leaving. He’ll jump in when the market plummets and the current nascar suits get fired
They have gone up. Sponsors are coming and going, like always.
If they're running at a loss now, and major sponsors are pulling out, you already can barely find a team that runs one sponsor all year. I honestly think give it a couple years, I think this is a peak. I think in a couple years, maybe 4-5, I think 4 car teams will be gone. I think it will be like F1, all 2 car teams which makes charters available, may lower the cost a little, not much but a little. Something else, there are s few owners that are up there in years too, if things stay at a loss, they'll never be able to move on to a new owner. I think there's some major changes coming in 4-5-10 years.
I'd hold off personally and wait because if we do go into a recession and we certainly are overdue for one since it's been since 2008 since we had a normal Recession (2020 was everything but a normal recession) then the first thing that takes a hit are live events and when that happens people start looking to get out meaning there would be more Charters available and more Charters available will drive the cost down. Right no the Demand exceeds the Supply but at the tail end of a recession the Supply usually exceeds the Demand
It's a Seller's Market right now and I'd wait for a Buyer's Market ..... If it doesn't happen you aren't out any money but if you buy in now you could lose your ass with no way to get out
If that puppet in D.C./Delaware runs for re-election and somehow ‘wins’ again, Recession will happen 🤦🏼♂
Exactly. The first thing that goes by the wayside in a recession is discretionary income because people need that to live on. Who's got money to go attend a race and buy merch? Especially for a series that is already struggling, and can't attract sponsors.
Dale and his sister Kelly are some of the sharpest people in racing. The teams are going to have to do something to get changes. Buying a NASCAR Cup charter is like buying an old race horse because NASCAR is going downhill fast and NASCAR knows it so they are grabbing all of the money they can for the few years before it dies. They have priced the races out of the range of most people. Their fans are mainly older people, like me, who are dying off or losing interest because of the things NASCAR does. I don't see a big television deal coming because there isn't any money to be made. Since NASCAR is privately owned by the France family, there are no financial reports available to the public so only they know how much they make.
Maybe if the tesla 🤔 guy pretends he wants to buy nascar
I started following NASCAR in Hot Rod magazine cheering on Fireball Roberts.
I guarantee that demand for the current show has decreased.
Nascar has effectively killed its car count for the future. With these charters they have created a "limited" group that can only race in the cup division. This has guaranteed that only 36 or 38 cars will be eligible to race. They have stopped the independent teams from racing. This has also caused the cost of a charter to soar, and you have people that want to race in cup like Jr's team but they cant and wont pay the 20 million at this time to be in cup. It's only going to get worst as far as costs. I understand why the charter system was put in place, to protect the teams week in and week out with there investments, but it has hindered nascar growth as far as number of teams. And will continue to as long as the current charter system is in place.
We are in the everything bubble. 2 to 28 million in a number of years. Run!
Dale needs to be the president of NASCAR- a real honest person with the knowledge of a racer, an owner, and an announcer. The whole package! Dale Yeah!
I kinda feel like Mike would feel differently about buying a charter if it were his 28 million dollars being invested. I’m with Dale on this…..I wouldn’t throw down that kind of money on something that is operating at a loss. I heard previous owner drivers from years ago saying they shut down operations because they were throwing good money after bad.
Edit: After watching the entire video I saw Mike mentioned how he may feel differently if it were his money. 😂
Mike's take is all based on "what if" rather than Dale's take of an absolute. You have to go with what is in front of you. And just a bit for thought here....Maybe NASCAR is trying to piss off Tony Stewart enough so he will leave like he threatened to so that opens up a "successful" charter for JR to get in.
This was the most interesting convo here. The RTA and NASCAR must come to a sustainable revenue sharing program. Jr is right in that charters are way over priced with the current model and prices (For charters) should stabilize soon. He is smart to wait out!!
The whole Kyle Busch Free Agency saga of 2022 proves how dangerous it is to rely purely on sponsorship revenue. Teams need more the revenue pie from NASCAR in order to make it financially viable to invest in the sport.
You can’t even watch a race on a normal channel you have to buy one of the sports channels and besides that he has me NASCAR screwing this whole thing up with these playoffs like they’re doing it’s just stupid
what Dale is talking about has Changed Nascar, the day's of a independent Race Team is Gone! The Grass Roots of Nascar has been gone since 2015 when new ( Bad ) people got hired by Nascar or maybe before that! I stopped watching after Denney Attack Bowan after the Racing During the Burnout, Nascar didn't do a thing. The Fines today are outrageous, I can't watch this new car & tire Failures, it's not fun to watch anymore.
It feels like a bubble that's gonna burst
Earnhardt-Childress Motorsports is the Solution!!! The #3 and #8 owned by Jr. (I had previously said Hendrick, mb) If Rcr sells Jr at a low cost, 5-10mil 51%, combines the teams, then Childress can take his step back but still own a team, that 49% is worth more than 100% now because Jr. Plus the 2 teams combined should be very good. Especially if a Championship Driver like Jr is driving the #3 atleast the 1st year
Like the Chip Ganassi situation I think If you show up with $30 million it's a really tempting sell for most teams. However for a team actively looking to sell they will probably sell their charter for much lower.
NASCAR currently has a terrible TV deal. When practice & qualifying are superseded by soccer " which most NASCAR fans don't give a chit about " tells me NASCAR is on a bad road to continuing to losing us late 50's early 60's fans.
Jr is dead spot on. The ones in charge will realize that, but it might be too late
Dale Jr for NASCAR President!
This is very simple, Dlae Jr. needs to run NASCAR.
What the teams are doing now is a necessary evil. They have to hold NASCAR's feet to the fire to get the fairest split. It's going to cause some friction for a bit but it's all doable. The TV money needs to get to the teams but I expect NASCAR to ask for a salary cap as a tradeoff.
Don't wait on a charter if you're waiting on the TV deal. If its 30 million today, it's going to be 40 next year and if the TV split is changed, it might hit 50 or 60 or more.
The RTA and drivers have a ton of leverage as long as they are willing to go the distance with negotiations. I don't think either party is, so yeah, their leverage isn't amazing. The teams put it in public perception because they know the voices will pressure NASCAR more than doing everything behind closed doors. We tried that with Next Gen and see where we are now?
Good points, but I don't see the cost of a charter tied to the split in any way, shape or form. The charter is going at market price and the split will never cover the cost of the charter, it's not designed to. You have two classic business models here, the first is 'Supply and Demand' and the other is 'Management/Worker relationships'. For the first, if no one buys a single charter, the price will go down. If NASCAR offers 10 new charters, the price will go down. If the owners tire of fighting a losing battle, a few charters will open each year causing the charter value to level out a reasonable price.
As far as the management deal, NASCAR runs its show the way they want. They didn't set the current cost of a charter and don't need to pony up more money to make racing viable. They might try to be honest about the revenues from TV, but they call the shots. If the RTA were to negotiate more TV revenue, what do they bring to the table, and what is its' worth. Salary caps do not benefit NASCAR. From what I see, attendance at the race track is wishy-washy at best and I believe they cannot negotiate TV revenues like they once could.
When we were late models on paved tracks, you had to finish 1st or 2nd to make a few bucks and 3rd didn't cover fuel and tires, that's just the way it works in racing. If you don't have someone rich to write the checks, you lose money.
The old saying is "The best way to make a small fortune racing, is to start with a large one".
@@petebrooks6539 I see all your points and they are all valid for the mostpart. However, NASCAR is uniquely different than any other motorsport in this country because it had an incredibly lucrative television deal. IndyCar does not. NHRA does not. As was said in the video, NASCAR has live sports entertainment and it's the last thing television networks still own over any streaming entity. It's probably the 6th or 7th most popular spectator sport behind only the NFL, NBA, MLB, MLS, NHL and combat sports. It still does solidly reliable ratings and crushes any actual television show that would take its place. Most people were surprised MLB's last television deal was as strong as it was but they have plenty of games to fill air time which networks want to fill.
If you take some of the reports that revenues are at about a 90/10 actual split against teams and you suppose the teams got a 70/30 split at worst case, how could that not affect charter prices? If you own a charter and roughly know about how much revenue you'd make just by showing up to the races, it becomes an investment tool. Yes, ultimately if the owners fade out or they add more charters than there are people whom want them, it will drive prices way down. But, if you assume Jr is correct in saying there are 3 or 4 people fighting for a single charter, that will only increase in the future. You have 2 relatively new teams that we can project to possibly grow in the near future in Kaulig and Trackhouse, RFK wants to add cars, Childress and 23XI are unknowns ontop of JRM and possibly KBM in the near future, demand doesn't seem like it'd be an issue unless the revenue split isn't resolved.
I had no idea Dale Jr. was such a good businessman… My viewpoint is like Dales.. The economy sucks right now and Nascar is losing money. Wait and see approach. If the deals not right the deals not right
Dale is 100% right. Now is not the right time to get into the cup series as a team owner. The sanctioning body needs to get it's act together in a serious way. Without the teams, NASCAR wouldn't exist. At least not at the premier level.
In it's current form NASCAR is dead man walking. Look at viewership. Look at the grandstands.
Dale certainly has an abundance of friends in ownership in the cup series to get advice from. Rick Hendrick, Richard Childress, Joe Gibbs, Tony Stewart, Denny Hamlin, Brad Keselowski.
He's much smarter than 3 of those people. You don't get advice from them
IV e all ways said nascar had turned into the w w f. All about the money
Even if I had the money, considering the state of NASCAR, I wouldn't spend 30mil on a NASCAR charter either
Dale I think if you went cup racing every sponsor would be knocking down your door to be part of your name. So I think you should jump in and make your father proud being a top contender. And you could actually race a few races a year as well. That'd be awesome to see you back in your own cup team car. People would pay millions for that.
If that were the case he would’ve had a cup team 5 years ago. Sponsors aren’t just aimlessly dropping money like they were in the late 90s early 00’s
Would be cool but he refuses to race in cup and mess with the points standings in any way. He has said that’s why he only races Xfinity once a year, so he can have his one race and not ruin anybody’s chances at a championship.
Optimistic but not realistic.
The sponsors just arent there.
He has lost the fire to race.
Its not a good business decision.
@@johnkidd1226
He's not lost the fire......he doesn't want to lose multiple millions of his personal money every season.
@@alanjohnson911 I said that. If he had the desire to be back in Nascar, he could have done it already. He doesnt!
Nascar is on a downward slide..the economy is tanking..global recession..hold on to your money dale..enjoy your kids..im sure tony stewart is ready to sell RIGHT NOW :}
This is why personalities are so important. The drivers/teams have allowed themselves over the decades to become too generic. Too easily replaceable. The precedent for a walkout in nascar is Talledega in '69. SO, is there enough personality in the X Finity series to carry nascar if the RTA balks at any insufficient deal? That will answer how much clout the RTA has
I am not the smartest person. It's a bubble for sure. All the money goes to the uppers. While the Teams and driver's are getting the short end of the stick,lol 🏁🏁😆.There needs to be more balance with revenue. It's something so awesome for so many people, but $ and greed get in the way. I know everything will sort it's self out.
Anyway, I was at Spring Vegas and it's was the best fun ever.!!!! Bad Ass. 🏁🏁🏁🏁😃🏁🏁!!! I say wait. Don't do it Dale!!! It will be 6 again.
The real problem: Too much of the sport is desperately dependent on external forces ( sponsorship and therefore public interest) and the business model of soley making the sport corporatizable and prioritizing ppl who bring that funded sponsor security instead of drivers who bring in public appeal and therefore the sponsor interest is at a crossroads
Well said.
He should wait until 2024. The economy is going to be real shaky for the next 18 months. That $30 mil could drop off if a bunch of companies start pulling sponsorships.
Really refreshing to see he's a responsible business owner. His dad would be really proud (I'm sure he is, somewhere up there).
NASCAR is NOT a good product right now, and has not been for awhile. The cars suck, the tracks are horrible, and NASCAR is not listening to their fans. Hell, TV doesn't even pan the crowd anymore because the stands are not full
nobody has a fkn TV cable sub anymore
ITS OBVIOUS THE REVENUE SHARING MODEL FOR NASCAR IS CRAP/BROKEN/TRASH...IMAGINE NFL/NBA/MLB NOT SHARING TV REVENUE WITH TEAMS, ALL SPORTS TEAMS WOULD FAIL FINANCIALLY UNDER NASCAR MODEL!!!!! SPONSOR MODEL IS RIDICULOUS...WONT WORK IN MODERN WORLD...
This is crazy nascar should be paying dale to have a charter. Shows what nascar know. All I know is I’m a fan and been going to Michigan for 13 years in a row and the lines for tee shirts just keeps getting shorter and shorter along with every other line. Went to eldora and there lines are growing
Dirt racing is great. The streaming is alright but there's something missing that would make streaming amazing, like Jerry Punch in the pits.
Nascar Takes 25 percent plus what the get from the tracks they own which is 65 percent plus the money the got from fox for the initial right to broadcast 1billion or something Nascar sounds greedy and incompetent after looking at the nee car. FIRES AND Driver concucissions
I don't think Mike gets enough credit. He plays a great role being the counter to Jr. Anywho, the DJD is my favorite podcast!
When has owning a championship race team ever been a profitable business venture? The top teams always defecit spend to try to fill their trophy case and make up that money through other means. It's a vanity project for people who have already become wealthy through other business ventures that are profitable.
Would be nice to hear what Kelley and Mike Helton think about this
NO
The teams don’t have leverage? I know Dale wants to see NASCAR as above all this, but they aren’t. The teams have all the leverage.
If NASCAR says no, what’s to stop the team owners from banding together and forming their own group like SRX. There’s not a ton of tracks, but that would quickly quickly change as independent tracks made a ton. The sport could be based around whatever in person crowd the track can handle plus streaming.
the teams ARE the product. NASCAR better tread lightly or this will be the IRL split all over again
If Dale Jr didnt work and own any teams, just enjoyed life could he?
He has work ethic. He is enjoying life doing what he does. Why give up what you love?
Dale: if one were to look at Purchase Price based on numbers alone; in business terms an entity sells for a multiple of net cash flow it generates annually eg: say purchase price of $30mil divisible by 2 would equal $15mil being the purchase price value of the business. or said another way - if a business is worth a multiple of 2 times net annual cash flow - which is the cachet of Goodwill attached to the business to value its' ability to generate ongoing net income for the next two years (minimum) - Mike raises a good point on how big is the pie; the multiple revenue streams attached that generate cash flow for NASCAR and the divisible amount available for disbursement amongst the teams, and NASCAR needs the teams, and symbioltically, the teams need NASCAR; then as alluded supply v demand; if there's only one team for sale and there's two buyers, demand exceeds supply and drives the price up to the price point beyond the business ability to generate sustainable net cash flow for the purchaser to recoup outlays in the short term when business risk is at its' highest and return on investment is at its' lowest ....you'll know this anyway - Great Topic
10s of thousands of seats covered by banners, commentators saying what a huge crowd is there....cut to the in-car camera ....stands less than 1/2 full....Big Bill would fire everyone that talked about the stock market, including Bill Jr. That's when it went to crap because now the bottom line is for the stockholders not the fans.
Listened to my first race at 6yrs old and loved my NASCAR for 45 yrs. I can barely stand to listen to it now.
The all-driver commentary races are the worst. stumbling and mumbling through the commercials, dead air time, and in general poor performance. Leave a professional announcer in the booth, and please stop telling me how the sport is growing when I see 1/2 empty grandstands at nearly every race.
I love Dale Jr. and understand his whole life has been as a devotee of Nascar. His knowledge of its history is hard to beat. I wish him and his company much success.
I love seeing all his drivers running up front in the Xfinity series......Josh Berry is the man.
NASCAR isn't going to give more money when the teams aren't held to a cost cap. The teams are choosing to spend more money to win. They don't have to, but then they will run 20th. If they can come up with a cost cap then I think it is a win/win for everyone.
Absolutely. NASCAR told these teams to cut payroll and they’d get their number they wanted. HMS. Penske, SHR and JGR would literally lose hundreds of ppl and they don’t wanna lay ppl off… and they’d have to pay unemployment pay. Either say owners don’t wanna get smaller. They want to keep what they have . A huge financial interest, training and education.
NASCAR's greed will destroy the sport. The car owners bring the cars and stars, without race teams NASCAR and it's tracks will disappear.
Jr Motorsports in the top tier of Nascar is a money maker period. The name alone is worth the cost of the charter. People will flock to it, promise. And whoever the one guy is that has the charter now.. offer him/her a small percentage of profits moving forward in addition to a negotiated price for the charter.
2 mil to 28 mil in 10 years while viewership has gone down is bs. That "value" is inflated by a factor of 3 or 4. If the teams aren't getting any (or a fair share) of the TV revenue, that deal is a sh@tshow. Don't jump in until this gets leveled out.
I agreed with Dale, but Mike made a solid point. As ridiculously expensive as charters currently are, it would not surprise me to see that $$ increase even more in the future. It's a bummer that JR motorsports didn't go after one before the increase. Hopefully we'll see them in Cup sooner rather than later.
JR says “Charter”, like Maynard G Crebbs used to say “work” …. 😂 see the ‘60’s Dobby Gillis Show
Jr. is really lucky to have someone like Mike to kick around ideas and talk though problems. And I thought several months ago Jr. was crazy for not buying a Charter at $12M. I forgot he could have bought one at $6m.
Jr is lucky to have Kelley
It reminded me of the joke "How do you become a millionaire in racing? Answer: You have to start out as a billionaire!"
I also believe Dale Earnhardt Jr should be in the office of NASCAR. I believe that boy knows what fans want and what is good racing. It damn sure made North Wilkesboro great again. He must have some Trump him.
Why can't people just start new teams ?
Like the old days when more cars than starting spots tried to qualify to make a race.
They can. Hello 23XI. Hello Rick Ware. Hello Kaulig.
Unchartered teams get very very very little purse money.
Sadly, they can. There just isn't any financial reason to do so. You're running for pennies without a charter.
@@deadeyedaddy7418 that basically limits NASCAR entry's.
When the sport loses all of us older fans LOL.
Youth in America is not in to motorsports .
@@RippingItAllSportsCards those were bought official charters.
Apparently very few if any are for sale today .
The RTA definitely may have outsmarted themselves a bit because they did just tell everyone that a charter is worthless. Dumb move.
You have to remember Dale if you buy a charter and go cup. You will have no problem getting great sponsors for your organization
If Jr cant make money in NASCAR there is a big problems. I myself stop watching nascar Sprint cup series when they to stage racing it sucks .
Keep in mind Jr's net worth is 300 million dollars 😳
Are you implying that someone with a high net worth maintains and grows that net worth by investing in things that, at this point are nothing but clear losses?
As a long time viewer of racing NASCAR is a dying sport it's boring the races are too long they have pretty stupid rules there are other far better racing series out there just follow the leader for 20 laps then follow the next guy for 20 laps nothing like it used to be it's just plain boring kind of like baseball
If the charter is like the stock market the bubble will burst! Hold out Jr.
let's face it the chase playoff is boring , I see Nascar on a decline on a downward slop.
NASCAR is swirling the bowl- no freaking way would I dump cash into it right now if I were Jr. the sport needs him to help fend off the end- they should figure out a way to get him a charter at a huge discount in an attempt to save the sport imo.
Where do you get the die cast cars in the podcast? Like who makes a broad range of classic/modern diecast nascar models. I want dales 1979 Pontiac