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Team owners postpone meeting with NASCAR over business concerns.

If those NASCAR bastards want all the money, is NASCAR going to pay for all the teams to put on the show?

Last time NASCAR under Bill France faced a "union" (a united group of drivers) he kicked out the instigators who pointed out what was going on. Banning them from competition scared everyone else into falling into line.

Back then NASCAR was all there was. There are many more racing organizations these days.

If NASCAR refuses to even talk about it, what is the plan when teams cannot afford to race anymore?

NASCAR gets all the money, but maybe will have no product to sell...which means they will get less money. Sharing money you have is better than keeping 100% of nothing.

Does anyone remember when NASCAR forced spectators to pay extra for a "Permit to purchase" over and above an admission ticket price?

Anyone remember when NASCAR bought out the tracks that built NASCAR, and then took away their race sanctions and gave those race dates to bigger tracks that were owned by NASCAR?

Anyone remember when NASCAR dynamited the grandstand across the track from the Daytona start finish line and sold all the metal at scrap metal prices?

Maybe the NASCAR bastards need to think a bit more about sharing media revenue.....cuz these days, racers can go somewhere else other than NASCAR.

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emailBy Kelly Crandall | April 5, 2023 4:17 PM ET

NASCAR executives and its Cup Series team ownership were scheduled to meet Wednesday morning, but the ownership group informed NASCAR the night before they were not going to attend because the conversation they wanted to have wasn’t likely to take place.

The owners are banding together (Bill France called it a "union") as frustration continues over the sport’s business model and negotiations over revenue from the next media rights deal.

In a statement about Wednesday’s action by the owners, NASCAR said some BS that, “NASCAR is committed to open and productive dialogue on a regular basis with all industry stakeholders. We remain committed to continuing discussions in the spirit of collaboration and with the shared goal of growing our sport for the benefit of all stakeholders.” "Stakeholders" are mentioned twice....why not any specifics about who those people are? Did NASCAR say the BS, to give the impression that NASCAR is willing to talk about something that NASCAR is not going to talk out or even discuss?

More NASCAR!

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Through the charter agreement, Cup Series teams receive money based on performance.

The race team negotiating committee met with the media in October to publicly express frustration over the rights deal. In addition to the upcoming charter agreement, NASCAR executives are also working on a new media rights package as the deal with its television partners expires after 2024.

It’s estimated the rights deal is worth $8.2 billion. However, 65% of the TV money goes to the racetracks, while race teams get 25%. The other 10% goes to NASCAR.

Cup Series teams — 16 owners own the 36 charters — want a larger slice of the revenue pie. Those teams are who is putting on the show.

Curtis Polk, an investor with 23XI Racing and Michael Jordan’s business partner, said the teams have determined 93% of the value of the sport resides with the France family and racetracks. Only 7% of that value resides with the owners of the charters. Will a "take it or leave it attitude help or hurt NASCAR?

“Most of these teams have a very difficult time breaking even,” Polk said. “All well-managed teams should be able to compete for a Cup championship and make a reasonable profit.”

Jeff Gordon, the vice chairman of Hendrick Motorsports, said the championship-winning organization loses money each season. Dave Alpern of Joe Gibbs Racing says teams have become full-time fundraisers to survive.

“I think the sport is a sleeping giant, but we all have to get the interest aligned because we need to grow it together,” Polk said. “We need to grow more revenue, and we need to create greater sharing and an arrangement where every dollar that is created benefits the drivers, benefits the teams, benefits the tracks, benefits NASCAR. That’s not how it’s set up right now.”....NASCAR doesn't yet....YET want to discuss it.