Wednesday, November 12, 2008

NASCAR Faces Financial Woes

From The Washington Times:

A scuffling economy and the struggles of the auto sector have put a dent in
NASCAR's growth. In response, the racing body is aggressively looking for
ways to cut costs.

"It's very difficult. It's on our whole industry," NASCAR CEO Brian France
said. "And there are always some unfunded teams. Now, that's not anything
new. One of my goals and one of our goals is to have a system where you
don't need $26 million to put a competitive team forward. So that is one of
the things NASCAR has a lot of influence on and we're working all the time
to figure that out."

The rest of the article is here:

http://washingtontimes.com/news/2008/nov/12/nascar-seeks-fix-for-financial-w
oes/
 

0 comments:

Post a Comment

The rules:

1. No ad hominem attacks - AKA: don't "diss" anyone personally.
2. Keep it on topic.
3. I'm open to any well-thought comment just play nice.
4. PG-rated please.
5. By posting, you agree to indemnify me, the blog owner and hold harmless for any liability caused by your comments. (I'm covering myself here).