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Homestead more profitable without IndyCar

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  • Homestead more profitable without IndyCar

    Homestead-Miami Speedway gave the IndyCar Series a South Florida-style sendoff on Saturday with fireworks and flyovers, but the crowd was so sparse, it wasn't difficult to see why the track is not on the series 2011 schedule.

    Speedway President Matthew Becherer said he wanted to keep IndyCar, but hosting the series — as the track has for the past decade — costs the speedway. He said when IndyCar chose to raise the sanctioning fee to host the series by 30 percent, the track couldn't justify the expense.

    "Financially, it's an event that doesn't really make a lot of sense for us anyway and when they asked for an increased fee, it made even less sense," Becherer said. "From a business perspective, it's really not any sort of a hit we're going to have to worry about."

    He added: "The impact of losing the IndyCar race is we'll be more profitable."

    link

    "Fear is exciting for me" - Ayrton Senna

  • #2
    Originally posted by NoSoupForYou View Post
    I'm sure that's been the case for a few other tracks, as well. At the same time, discretion truly is the better part of valor. Hard to understand why the people at Homestead would choose to publicly pants the Indycar series in this way. Totally unnecessary and lacking in class.

    Comment


    • #3
      Originally posted by Billy Chin View Post
      Totally unnecessary and lacking in class.
      Maybe. But it wouldn't have taken much class for IndyCar to work with Homestead a little on the sanctioning fee either. It's all about money in the end for both sides. And there are now several new street venues that are willing to pay a higher sanctioning fee through local government deals. The fact remains that outside of Indy and Texas IndyCar on ovals just doesn't attract viewers; either in person or watching on television. One of these days, just maybe, the powers that be in the IndyCar strip mall headquarters will figure out that it's their oval product that is broken and no amount of promotion will save it. In the meantime the series can gain some new fans by expanding more and more into road and street racing.

      Comment


      • #4
        Originally posted by Billy Chin View Post
        I'm sure that's been the case for a few other tracks, as well. At the same time, discretion truly is the better part of valor. Hard to understand why the people at Homestead would choose to publicly pants the Indycar series in this way. Totally unnecessary and lacking in class.
        What has been lacking in class has been RB complaining that somehow it is ISC's fault for the **** poor turnout at tracks like Homestead. To the credit of tracks like Homestead and Fontana they have made public statements that Indycar is welcome back, even though Randy has just **** all over them.

        Randy is missing the point, the series is a joke, and until he fixes things like the amateur "race control" (how many laps of yellow when Power hit the wall??), the fact that the series is dominated by two teams, that the series is mostly a collection of no name drivers that very few people care about, all driving what is essentially the same car, and continues to let Milka prove that anyone can drive in a race ... blaming the tracks for poor turnout is the wrong way to go.

        I offered a friend a free ticket for the Sonoma race this year, and he turned me down with the statement "I'd rather go in for a root canal than attend an Indycar "race" ... they're a waste of time".

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        • #5
          Perhaps Bernard's plan was to raise the sanctioning fee to purposely lose the race.
          ​a bad day at the race track beats a good day at work

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          • #6
            Originally posted by indyrjc View Post
            The fact remains that outside of Indy and Texas IndyCar on ovals just doesn't attract viewers; either in person or watching on television. )
            dont look now..... but texas is following the same trend as all the others....what once filled close to 100k twice a year maybe got 40k to 50k once this season

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            • #7
              Originally posted by Ken View Post
              dont look now..... but texas is following the same trend as all the others....what once filled close to 100k twice a year maybe got 40k to 50k once this season
              Exactly Ken, the product continues to get worse and worse. What is there to market? Which red car is going to win this week? RB 30% increase in sanctioning fees is beyond dumb.

              Texas used to be a can't miss event, now its pretty much like the rest of the follow the leader ovals with a red car winning.
              "Paff has been closer to the mark than anyone will give him credit for."

              Richard Kimble 11/18/2010

              "Paff is far more right than any of you will EVER give him credit for.

              As non politically correct and un IndyCar friendly as it is, it's the truth. "

              SeeuInMay 12/29/2010

              Comment


              • #8
                Originally posted by Chris Paff View Post
                Exactly Ken, the product continues to get worse and worse. What is there to market? Which red car is going to win this week? RB 30% increase in sanctioning fees is beyond dumb.

                Texas used to be a can't miss event, now its pretty much like the rest of the follow the leader ovals with a red car winning.

                do you think the 2012 engine/chassis specs are going to change that?

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                • #9
                  Originally posted by Chris Paff View Post
                  Exactly Ken, the product continues to get worse and worse. What is there to market? Which red car is going to win this week? RB 30% increase in sanctioning fees is beyond dumb.

                  Texas used to be a can't miss event, now its pretty much like the rest of the follow the leader ovals with a red car winning.
                  Sadly true. I wonder what the excuses will be next year when Kentucky, Las Vegas, and New Hampshire fall flat on their faces.
                  Indy, Cleveland, Mid-Ohio, Pocono, Michigan, Long Beach, Watkins Glen, Kentucky, Milwaukee, Road America, Iowa, Gateway, IRP - 70

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                  • #10
                    Originally posted by Ken View Post
                    do you think the 2012 engine/chassis specs are going to change that?
                    Honestly Ken, I have major doubts we even get to see those specs. New specs or not it will not make the series more popular in the long run. IMO
                    "Paff has been closer to the mark than anyone will give him credit for."

                    Richard Kimble 11/18/2010

                    "Paff is far more right than any of you will EVER give him credit for.

                    As non politically correct and un IndyCar friendly as it is, it's the truth. "

                    SeeuInMay 12/29/2010

                    Comment


                    • #11
                      Originally posted by Since83 View Post
                      Sadly true. I wonder what the excuses will be next year when Kentucky, Las Vegas, and New Hampshire fall flat on their faces.
                      Kentucky's attendance was horrible this year
                      "Paff has been closer to the mark than anyone will give him credit for."

                      Richard Kimble 11/18/2010

                      "Paff is far more right than any of you will EVER give him credit for.

                      As non politically correct and un IndyCar friendly as it is, it's the truth. "

                      SeeuInMay 12/29/2010

                      Comment


                      • #12
                        If anyone thinks attendance is going to improve because SMI is now "promoting" the races is, well, deluding themselves (Randy ?? Hello ???).

                        If you believe the ratings, the average Indycar race on Versus this year got less than 400,000 viewers in the ENTIRE country. That's people watching a race for FREE. Now you spread those people out across the US, and ask them to actually SPEND MONEY to watch an Indycar "race", and how many do you think will show up in Las Vegas, or Kentucky, or any other track ???

                        I'm surprised that, with the exception of the Indy500 and Long Beach (and that's because it is an "event" in SoCal) any track gets even 10,000 to attend. The series needs to quit thinking that somehow, magically, next year they are going to fill the stands in places like Kentucky by better "promotion". The product is not appealing to people who can watch it for free. Further promotion will add, at best, a handful of new butts-in-seats at the track.

                        Comment


                        • #13
                          Originally posted by BadazzZ06 View Post
                          If anyone thinks attendance is going to improve because SMI is now "promoting" the races is, well, deluding themselves (Randy ?? Hello ???)...
                          Exactly why I changed my "signature" a while back.

                          Comment


                          • #14
                            Originally posted by BadazzZ06 View Post
                            If anyone thinks attendance is going to improve because SMI is now "promoting" the races is, well, deluding themselves (Randy ?? Hello ???).
                            Randy Bernard doesn't know a thing about auto racing. His expertise is in promotion/marketing. Unfortunately, that's not going to be enough to bring the IICS back from oblivion. And listening to Robin Miller isn't enough either. Unless major changes are made to the now fifteen year old IRL racing and product formats this series is in trouble and the day is likely to come when Randy Bernard wishes that he'd stayed in bull riding. Right now the 2012 specs are just one more disaster waiting to happen and Bernard didn't have a clue when he got talked into them. One day in the not so distant future RB might reach the point where he wishes that he'd never heard of the IRL. I'm pretty sure that the George family is already at that point.

                            Comment


                            • #15
                              Originally posted by Chris Paff View Post
                              Kentucky's attendance was horrible this year
                              Horrible date, amongst other things.

                              Comment

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