"It's always been a loss leader, but we supported it. The company (International Speedway Corp.) supported it. And we were willing to accept that because it brought classic open-wheel racing back to the Glen with some world class drivers."
Why did it lose money then?
"Our sponsors were huge. The problem was attendance," Michael Printup said.
Watkins Glen negotiated a new contract with IndyCar each year. The nail in the coffin this time was new IndyCar CEO Randy Bernard's request for an increase in its sanction fee. Printup said the increase was 30 percent.
With the increase, he said it brought their fee to run the IndyCar race to "north of $1.5 million.
"Where do you get off, in this economy, asking for that kind of raise?" Printup said.
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