Truth & Rumors > Auto Racing

Economy negatively affecting NASCAR

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Don???t try to tell Richard Childress Racing that the economic malaise is adversely affecting sponsorship in NASCAR. Childress not only added sponsors Caterpillar and General Mills for 2009, but it turned away UPS because the team was out of inventory on its Sprint Cup cars. NASCAR???s own research says new or increased sponsorship spending in 2009 will surpass $100 million, backing up its claims that the sport has maintained its strength in a sluggish economy. By comparison, NASCAR teams generated a little more than $90 million in new or increased spending in 2008 and $96 million in 2007. But below the surface of NASCAR's megateams such as Childress, the sport's smaller, less-competitive outfits are scrambling to replace sponsors that have defected to the bigger teams. Caterpillar left Bill Davis Racing and General Mills exited Petty Enterprises; neither team has found a replacement. That's the way of life in NASCAR these days as the gap between the haves and have-nots grows into a chasm, one that threatens to swallow the smaller teams if they can't find sponsorship during tough times.

SceneDaily.com

Mike Helton, Jonathan Ferrey/Getty Images Mike Helton, Jonathan Ferrey/Getty Images
September 18, 2008  08:08 AM ET

The economy is affecting EVERYONE !! The fans can't afford to go to the races and the owners can't seem to keep the cars with sponsers... Hopefully after the election and we get 'Howdy Duty" out of office the economy will pick up!!!

September 18, 2008  08:17 AM ET

Buck up Walmart....use all that money you saved by screwing your employees and not providing benefits. I know a Dept Supervisor that was told he reached his peak and will never get another raise....excuse me but the cost of living has increased by 6%....gas alone 38%...food 12%.

I am in a bad mood....geez

September 18, 2008  08:36 AM ET

Jack - you said it right, I agree about Walmart,,they
don't give a damn about anyone.

September 18, 2008  08:48 AM ET

Think I will point that out daily until they give their Nascar customer base a sponsorship....lol

September 18, 2008  09:03 AM ET

In this economy it's difficult to even make your trailer payments, let alone buy tickets to NASCAR events. LOL!

September 18, 2008  09:16 AM ET

Let's ALL boycott Walmart!!!

September 18, 2008  09:24 AM ET

Of course the mega teams aren't having problems. It's the small teams that are getting the shaft because of the economic downturn

September 18, 2008  09:35 AM ET

Follow the money. The big get bigger. 12 cars in the Chase and only 4 teams represented.
This is the end of Nascar as we know it. Too Bad

September 18, 2008  10:21 AM ET
QUOTE(#6):

Let's ALL boycott Walmart!!!

We could bring them to their knees.......we will get our beer and stryo coolers at Target before races....ha!

September 18, 2008  10:26 AM ET

jackman I love your avatar , seems that you are operating out of the dark side of the moon today. LOL

September 18, 2008  10:26 AM ET

I guess the grand experiment of paridy didn't work. Wasn't "The Chase", the COT, the 4-team rule, and so on, suppose to help with cost and make everything even? NASCAR today is so artificial, I've found other things to do. While I agree the economy has created some problems, it just comes at a good time for Brian F. so he can blame all the problems of NASCAR on the economy.

September 18, 2008  11:05 AM ET

Have a drink Jackman, have a drink calm your nerves. You can't fight this crazy world, just learn to laugh at it.

September 18, 2008  11:07 AM ET

NASCAR had to see this coming...they are more dependant than any sport when it comes to outside fund sources.

September 18, 2008  11:18 AM ET

Wow, Guess you guys are finally catching on. All this free trade shi% is only benefitting the CEO's and owners of company's. Reagan's trickle down theory won't work either as all the jobs it is suppose to trickle down to are gone. I have boycotted Walmart since it's inception. [Since it opened]. We the people are in trouble with these out of touch leaders

September 18, 2008  11:35 AM ET

I'd rather order what I need online and wait,,, before I go to Wall mart.
Jackman, "Dark side of the Room" ?

September 18, 2008  11:56 AM ET

Probably Hammered has the remedy.........joefordproud-we lose 100k jobs a month. I wish Perot was running again.

I am on the dark side of the moon out of respect of Mr Wright (Pink Floyd's keyboardist) who died this week.

Walmart must die, (I cant afford to boycott though)

September 18, 2008  11:59 AM ET

Perot said it best. when these free trade agreements pass that great sucking sound you hear will be all the manufacturing jobs leaving our country.

September 18, 2008  12:05 PM ET

I actually voted for Ross...even though he is from Bush's state lol

How does it go....the chicken has come home to roost or something like that?

Those CEOs that bankrupted institutions over hundred years old...should go to jail. Fanny May my arse.

September 18, 2008  12:29 PM ET

I think we should pick on Bush not Busch. Busch might have big ears but Bush has the " what me worry" look.

 
September 18, 2008  12:39 PM ET

Alfred E Nueman for pres

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