View Single Post
Old 04-05-2021, 07:04 PM   #22
BKSG1198
VIP Member
 
BKSG1198's Avatar
 
Join Date: Jan 2007
Location: Vineland, NJ
Posts: 2,626
Likes: 96
Liked 1,283 Times in 392 Posts
Default Re: Big $$$ S/SS Races as a Business Model..Viable?

I can say being on both ends of running a big .90 type event and the one year I did the Stock / SS race at Numidia.

Making it a profitable or breaking even type event depends on a lot of factors, if you find a sponsor that is willing to foot some of the cost so if you don't get the amount of cars you would like you don't lose your rear, there are also type of event insurance policies that can cover a loss, I have looked into before but, I'm sure someone else can elaborate. Last thing that also can help is finding a track that has a low rental cost, when you find a facility that needs to make $20,000 on a weekend to pay the bills you have to make the cost for the racers high to help cover that rental cost, I'm sure St. Louis wasn't cheap but, considering it was Easter weekend it might have been cheaper. Fans also can be a helper for the track, if you work out a contract with the track to say "Hey, cut us a deal on the rental and you keep all crew and spectators fees it could lower the rental, from what I saw in STL from the camera angle, it didn't look like many spectators.

I can attest from 2012 & 2013 the rental at Numidia was below $5,000 for the weekend which was covered by sponsors like Nitroplate and Autometer at my event but, as Ken said the DiMino family are racers at heart and understand the costs to run an event. I mean heck, even Pete and Kyle took a hard hit on the first Spring Flings at Bristol but, you see where they're at now and thriving on 4 events. I understand the buyback thing also but, seems a lot of people like what Ken did last year and what Tyler did this year with a separate event. One of the biggest complaints I always heard was if I beat someone in R1, I don't want to have to race them again in R2 or 3 or 4 and get beat by them but, the buyback round is also a way for a promotor or track to gain some extra cash with no payback if they filter them back into the mix. For the most part a lot of racers will pick the 2nd annual event over the first because it's like going to a restaurant and seeing something new on the menu but, you wait to see the other guy try it first, if it sucks, they don't waste their time but, if they rave about it (from what I heard about Ken's, Bo's, Jason, Dave & Tyler's events) the 2nd year should see an influx of cars.

Last edited by BKSG1198; 04-05-2021 at 07:06 PM.
BKSG1198 is offline   Reply With Quote
Liked