ARDC loses $600K on V8 round!!!!!!!!!

[chavez]

Originally Posted by GTRMagic

Did they lose less in the 2nd year?

As outlined in Bob Watson's excellent book on the LCCA, the club lost $394,817 in '88/89 - unpaid sponsorship of $400,000 for the Lucas Supersprint didn't help the finances.

It doesn't state how much was lost on the '84 race but the loss for '84/85 was $300,000.

[Trevor]

Originally Posted by rik

Would they continue to run it at a loss if all the test days disappeared?

Sorry, struggling to see the relevance, any income is better than no income, however only if it is off-set by a profit

[GTRMagic]

Originally Posted by Trevor

Sorry, struggling to see the relevance, any income is better than no income, however only if it is off-set by a profit

Anyone can sell $1 for 75c.... the challenge is selling it for $1.75!

[Silver 3]

Originally Posted by GTRMagic

Anyone can sell $1 for 75c.... the challenge is selling it for $1.75!

In motor racing it is hard enough to sell $1 for $1 !!

[rik]

Originally Posted by Trevor

Sorry, struggling to see the relevance, any income is better than no income, however only if it is off-set by a profit

Sure, so if Winton had no V8 round then there would be no test days.... so maybe income from the V8 test and ride days helps offset losses from the actual V8 round?

[Trevor]

Originally Posted by rik

Sure, so if Winton had no V8 round then there would be no test days.... so maybe income from the V8 test and ride days helps offset losses from the actual V8 round?

Maybe you missed the point where I said that the track off-sets the loss with income from other events, and for the 2 reasons posted above, maybe you should go back and read my posts, here it is so you don't have to go looking!!!!

Originally Posted by Trevor

Most tracks loose money on the V8's, there is nothing new in this, I know my local track does and they have been doing it since the start, the outgoings (including sanction fees) are greater than the number of people coming in through the gates.

If it wasn't for other events held over the year to off-set the loss then my local track would have given them away years ago.