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Old 15 Mar 2020, 14:09 (Ref:3964335)   #4831
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It’s impacting on everybody, here’s hoping they get to run Long Beach so the event won’t make a loss. Lot of things to be considered here
The elephant in the room here is that this will push the economy into a recession. When the virus issue goes away, will sponsors still be willing and able to put money towards IndyCar racing? Will fans have the money to attend races? Even if they have the money, would they go to large public events? And will IndyCar's supply chain be able to provide the items (parts) necessary to support a shortened but event packed schedule?
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Old 15 Mar 2020, 14:25 (Ref:3964337)   #4832
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Yes, it’s been predicted the economy will take a massive hit as a result of this. We’ll have to see how much is left after this and whether it leaves motorsport in a precarious situation with regards to some series future
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Old 15 Mar 2020, 14:51 (Ref:3964340)   #4833
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The elephant in the room here is that this will push the economy into a recession. When the virus issue goes away, will sponsors still be willing and able to put money towards IndyCar racing? Will fans have the money to attend races? Even if they have the money, would they go to large public events? And will IndyCar's supply chain be able to provide the items (parts) necessary to support a shortened but event packed schedule?
I'm hopeful that the economy is strong enough to bounce back within a year. Of course, this depends on the damage and longevity.

To your larger point and one that is more on topic here (I guess it's ALL on topic, ATM), the first things to go and last to come back are the extracurriculars like motor racing. I think some people will be holed up, wanting their sports back, but sponsors may have been paying employees to, quite frankly, do nothing, which means not much left in the budgets....

What a mess it is.
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Old 15 Mar 2020, 15:40 (Ref:3964345)   #4834
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St Petersberg GP announces ticket deferment plan | RACER
https://racer.com/2020/03/15/st-pete...eferment-plan/
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Old 15 Mar 2020, 16:34 (Ref:3964353)   #4835
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I'm hopeful that the economy is strong enough to bounce back within a year. Of course, this depends on the damage and longevity.

To your larger point and one that is more on topic here (I guess it's ALL on topic, ATM), the first things to go and last to come back are the extracurriculars like motor racing. I think some people will be holed up, wanting their sports back, but sponsors may have been paying employees to, quite frankly, do nothing, which means not much left in the budgets....

What a mess it is.
I’m an economist by training. A couple of points to keep in mind as we all try to make sense of things going forward:

• Companies are reluctant to lay off workers and then later they are also reluctant to hire workers. The spike in unemployment comes at the tail end of a recession and only goes back down slowly — think years not months.

• Just In Time is a thing and company supply chains are often global. The virus is disrupting these supply chains, which leads to layoffs further up the production chain. It will take time even after the health issues are (mainly) resolved to get industries working again. Aside from the obvious employment impacts, this is why I’m worried about IndyCar’s ability to run a bunch races in short order this summer and fall. All it takes is some material or subcomponent supplier to go out of business or not be able to answer the bell and IndyCar has a short-tern sustainability problem…

• Even if the virus impact is relatively similar throughout the U.S. and Canada, the economic impact will vary considerably by industry and community.

Yes, it’s a mess…
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Old 15 Mar 2020, 17:36 (Ref:3964363)   #4836
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Barber to offer refunds for cancelled Alabama GP | RACER
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I’m an economist by training. A couple of points to keep in mind as we all try to make sense of things going forward:

• Companies are reluctant to lay off workers and then later they are also reluctant to hire workers. The spike in unemployment comes at the tail end of a recession and only goes back down slowly — think years not months.

• Just In Time is a thing and company supply chains are often global. The virus is disrupting these supply chains, which leads to layoffs further up the production chain. It will take time even after the health issues are (mainly) resolved to get industries working again. Aside from the obvious employment impacts, this is why I’m worried about IndyCar’s ability to run a bunch races in short order this summer and fall. All it takes is some material or subcomponent supplier to go out of business or not be able to answer the bell and IndyCar has a short-tern sustainability problem…

• Even if the virus impact is relatively similar throughout the U.S. and Canada, the economic impact will vary considerably by industry and community.

Yes, it’s a mess…
Very good points and info. And on topic!! I sometimes forget about the INDUSTRY of racing runs much deeper than the surface.
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Old 16 Mar 2020, 18:26 (Ref:3964637)   #4837
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IndyCar and the IMS have released a joint statement, regarding the Month of May and so far there are no plans to cancel or postpone the GMR Grand Prix or the Indy 500.

https://www.indycar.com/News/2020/03...-May-Statement
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Old 16 Mar 2020, 19:29 (Ref:3964660)   #4838
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IndyCar and the IMS have released a joint statement, regarding the Month of May and so far there are no plans to cancel or postpone the GMR Grand Prix or the Indy 500.

https://www.indycar.com/News/2020/03...-May-Statement
I suspect this will change, but seeing how far out the event is and how rapidly things are progressing, there's no point in pulling the plug...yet.

Edit - Trump just said it could be July or August when asked how long they're anticipating this will pass...
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Old 16 Mar 2020, 19:42 (Ref:3964674)   #4839
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If they can't hold the 500 in May, I wonder if they would consider rescheduling the race rather than cancelling it, that's if the season ever gets underway?
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Old 16 Mar 2020, 19:47 (Ref:3964677)   #4840
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If they can't hold the 500 in May, I wonder if they would consider rescheduling the race rather than cancelling it, that's if the season ever gets underway?
idk, my town is about to go under a curfew. I've got bigger concerns!

However, I think they'll figure SOMETHING out. Trying to determine how any of this is going to shake out now is throwing darts. Since we've got nothing else to do so...

Maybe start back with the 500, whenever they can run it, unless it's too damn hot, once they get in the clear and then get in as much as possible until the end of the season...
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Old 16 Mar 2020, 22:24 (Ref:3964726)   #4841
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They’ve delayed it by a day or two cause of rain in the past, I’m sure they can delay it by a month or two if necessary, although we all hope it goes ahead as planned.
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Old 17 Mar 2020, 19:18 (Ref:3965021)   #4842
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The Kentucky Derby has been postponed until September. It's only a matter of time until the 500 gets pushed back or at the very least, the roval race axed for an "abbreviated May" at the Speedway.
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Old 19 Mar 2020, 11:48 (Ref:3965508)   #4843
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I can't say i'm hopeful for the 500. The situation looks grim
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Old 19 Mar 2020, 13:21 (Ref:3965529)   #4844
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Long Beach has been cancelled.

https://racer.com/2020/03/18/gp-of-l...-refund-plans/
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Old 19 Mar 2020, 15:14 (Ref:3965552)   #4845
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Not surprising. Could be a 2020/21 season a bit like 96/97
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