According to multiple NASCAR reporters, a meeting between NASCAR and its council of NASCAR Cup Series team owners was boycotted by the latter this week.
The Associated Press’ Jenna Fryer tweeted that the “entirety” of the council did not show up to the meeting.
Added FOX Sports’ Bob Pockrass, the boycott of the meeting was “a message about needing to make progress on revenue distribution talks.”
NASCAR’s television deal is up at the end of 2024, with negotiations expected to rev up this year.
Teams are reportedly unhappy with the way the talks between NASCAR and its owner base have progressed regarding the latter’s share of that revenue.
Sports Business Journal‘s Adam Stern tweeted a statement from NASCAR that was released April 5. “NASCAR is committed to open and productive dialogue on a regular basis with all industry stakeholders,” a spokesperson said. “We remain committed to continuing discussions in the spirit of collaboration and with the shared goal of growing our sport for the benefit of all stakeholders.”
Rutherford is the managing editor of Frontstretch, a position he gained in 2015 after serving on the editing staff for two years. At his day job, he's a journalist covering music and rock charts at Billboard. He lives in New York City, but his heart is in Ohio -- you know, like that Hawthorne Heights song.
Teams need the extra money to rebuild torn up racecars at Daytona, Talladega, Atlanta, and most of the road courses.
I can’t wait for this current contract to end. I think everyone might be in for a rude awakening. NASCAR’s ratings have not increased since the last contract was negotiated. In fact, ratings and attendance have been significantly less.
They may be surprised to find out that the pie is smaller.
I have said it a million times, but if they had just left the damn sport alone after 2003, it would be the most popular sport in America today.
Yep, all the graphs and indicators were going up in 2003. Of course, like every other business they would have suffered a downturn sponsorship-wise with the housing bubble crash in 2007/2008 but they wouldn’t have lost fans as a result. Yet they had to eff with the well oiled machine until it was broken.
If claims are accurate FOX,NBC,Disney & CBS aren’t interested in
NASCAR when the TV contracts come up which basically means
that NASCAR might not get a sweetheart TV deal or if they do get
one it might be garbage where no one wins anything except a headache.
Out of curiosity, where have you seen such claims? Would be interested in reading such reports.
If you scope out the various articles here and there one
consistent is decline of the
sport in general which funnels
down on to the networks which
leads to the billions of dollars question which is do we really need to be investing time & money in to something that is
not profitable anymore.
We just need one TV company carrying all the races