Denny Hamlin and Landon Cassill have strong opinions on NASCAR team ownership, and the future business of the sport.
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57 comments
The second I knew it was a problem was when Furniture Row shut down because the Gibbs price tag for them was way too high
Wow better late than never I guess
And then Levine also shutting down for the same reason
Edit: I don’t know how to type very well
@@SprintCarMan24 before that even
denny has to say something on everything
I mean, there’s a reason why he’s one of the few drivers with a massive podcast deal. Speaking out is his brand.
@@DennieWilliamson and why is that a problem for you?
Exactly, because Denny Hamlin is the most OVERspoken driver in the league.
@@nicksherock8961 then don’t listen to him. Simple
I agree with Denny, 18 million for just 1 car for a whole season is a lot, and 23XI is maybe adding a 3rd car next year, that money adds up quick
He also said that he doesn’t own a private jet. I call BS on that.
Alot? It’s absurd
@@TannerKraft-uz9fc I guess that’s a better word to put it lol
Well if it wasn’t worth it why start another team!
The explanation is deceptive. Denny makes it sound like the teams are losing money. They are not. They choose to spend what they bring in.
Of course. Insane costs lead to pay drivers, which dilutes the racing product. This isn’t new, or news to anyone outisde the stock car bubble
@@SprintCarMan24 pay drivers have existed in motorsports forever. They won’t go away
Yeah people have been saying this forever but the average NASCAR fan doesn’t read anything
@@jbuckthemanpay drivers don’t typically make it to the highest levels which is what is happening in nascar. When you have an insanely high bar of entry you will end up with an untalented field.
@@ChipSaunders-go2bmThanks for spelling it out for the dummies
still cackling over denny’s tweet…
“driver of the 11 owns a private jet.
not the owner of 23XI.”
The way NASCAR fans kiss these super rich owner/drivers asses is really cringe
@@KyleMurkowskihappens in all sports and with Hollywood too
@@davids5006dosnt make it less annoying. And in different forms of professional short track racing you see alot less of this fanboy stuff
@@JeffThompson-xv6pbbecause they are less rich/famous. Nobody who doesn’t watch stock car racing knows a stock car series other than nascar
Been like this for decades. Most nascar fans have their heads in the sand or are just too dumb to get it/care. When the tv money starts to dry up as younger generations ditch cable we are screwed.
Pretty sure they’ll try to come up with something to keep up with newer generations
@@justcody6068 they have a contract with the tv companies through 2038. They took the guaranteed money and screwed themselves long term
@@nickphilkill818 anything can happen that’s all I’m gonna say
@@justcody6068nascar has the oldest average fan base. With the smallest portion of their viewers being under 30. That’s pathetic. I’m 25 nobody my age gives a $hit about nascar. They know it’s a rich kid crooked league
In part, but most young millennials and Gen z don’t even care to get a drivers license or even working on a car… Don’t know how you get people to care if they can’t relate to it.
The “do nascar teams spend too much?” Question has been around for a long time and I’m sure it will continue on for decades
Nascar will splinter into multiple organizations in the coming decades
@@user-gh8rk2xt5s I can see that. We almost had a split with the charter issues this year
@jbucktheman I still see a split coming, NASCAR is dying and isn’t even close to one of the most popular sports anymore, Formula 1 is actually bigger in America and you can actually buy F1 diecasts at Walmart now!
I feel like smaller/newer teams should only use a Technical Alliance for like 3 to 5 years to get there footings and train their employees on how to set a car up to be faster. Then they should break off and build their own thing with their own data once they have the knowhow on how to set their cars up to go fast and compete.
Denny isn’t the only owner saying the teams don’t make any profit. Jeff Gordon in multiple interviews…has said that Hendrick Motor Sports hadn’t turned a profit in over 10 years.
i know it’s probably true, but if they aren’t turning somewhat of a profit, or at least breaking even, why or how do they keep the doors open? i know some of the owners have deep pockets, but would you really run a business for 10 years that wasn’t making you any money?
The super teams have gotten too big to support themselves.
@@RonnieMilford-sg4uj glamer?
@@justinwilliford7151yes, it’s a toy to these rich dudes. Can’t take the money with you when you go so who cares if you lose most of it
Nothing is gonna change until there’s a cost cap. NASCAR could give every team $20 million a year, and teams would spend $40 million
I don’t believe in cost caps and I don’t believe in teams making money.
Even with cost caps, there is always somewhere that isn’t legislated by the rules to spend more money that makes the rich teams better, which results in more wins.
Speed and consistency costs money. A team should spend every dime they have every year to go faster than they were going previously.
The better teams also just know where to spend the money to get the most return. It’s a beautiful meritocracy.
@@jeremyharper3462 If the teams didn’t make money there would be no teams. And as a result no NASCAR.
@metricccccc your confusing profit and running costs. They obviously all rake in a lot of money every year. They all spend it all every year, as they should, in their quest to be the fastest.
They should never earn a profit, especially if they don’t win the championship, they have more speed to buy for next year.
That is the biggest competitive advantage that HMS, JGR and now Trackhouse, 23XI have, the cubic dollar. You reduce their ability to outspend other teams the advantage goes away. That’s why they are afraid that some of the smaller teams will cave and side with Nascar, it would level the field. What other reason could it be? Although, you would for sure have an IROC series if a cap was put in place.
@@jeremyharper3462 If they don’t earn a profit they won’t race. They are businesses. All businesses operate to make a profit.
The home/apartment analogy was very well put and made it way easier to understand
The one thing I would argue with the rental/owner anology, based on my view of these alliances, is that you can’t upstage the landlord.
FRR did that by beating JGR for the championship, and the landlord wasn’t happy. So long as the alliance partner doesn’t match the owner, the alliance can work. But the renter can never be better, at least in how I see the it.
So during the relationship with my gf, she has the pleasure of hearing/seeing parts of Nascar history or Nascar related topics. We were driving and I saw two Furniture Row semi trucks and the flashbacks hit me and i got all excited and started talking about Furniture Row in Nascar.
Back in the 1980s team members would either drive themselves or they would fly Piedmont Airlines.
You say you have to shell out the big bucks to compete with teams like Penske, Hendrick, and Gibbs. But I thought that’s what the whole point of this generation of car, was to be a spec car, so therefore cheaper.
Technically the car itself is cheaper. It’s the “everything else the car needs to be on the track every week” part that tends to be expensive.
Racing isn’t expensive, winning is expensive
You’re renting versus owning analogy. I think it explained it pretty well.
I’ve co-owned several midget and sprint car teams. That was the most expensive thing I was ever involved in. The cost of the race car is actually the least expensive part of it. When you add in all the other equipment involved it adds up. Tires, race fuel, entry fees, pit passes, sanction fees, spare parts and engines and week-to-week maintenance, tow rigs, fuel for it are ongoing costs and travel expenses. Even winning doesn’t pay for the cost to get there and compete. One thing I learned is that money makes the car go fast; the more you spend, the faster you go. You quit spending it slows down.
Don’t get me wrong, it was the best thing that I was ever involved in!
I cannot imagine the money spent at the Cup level.
18 million is insane and to see drivers tear equipment up recklessly.