Develop a list of revenue streams for a NASCAR racing team.

Expert Solution

Racing teams have a gigantic spending plan. Hustling isn't modest, using any and all means. NASCAR team is no exemption. Hence they require to generate revenues to meet the operating budget.

List of revenue streams for NASCAR teams

1.Sponserships: Nearly 60-70% of total revenue is generated from lucrative sponsorship deals

2. Race Winnings : Less than 5% of total revenue

3.Merchandise sales: Big teams use their popularity to sell the merchandise to the fans to generate some revenue and to increase the fan base

4. Ticket sales: NASCAR teams get the share of Ticket sales from NASCAR

5.Percentage of TV Rights from NASCAR: NASCAR distributes Percentage of TV rights to teams as per the financial filings done by each team . Monster energy gets

6.Percentage of Licensing Rights from NASCAR : NASCAR distributes percentage of Licensing rights to teams as per financial filings done by each team.

7.Drivers money : NASCAR teams accept money from drivers and, alsogenerate revenue by exchange of drivers

8. Sell Data and Analysis to Smaller teams: NASCAR teams share their valuable data and Analysis to smaller teams to generate revenue.

9. Auctions: Auctioning of Trophies,Hall of fame records, Merchandise, cars and car parts would generate some revenue.

jeff jeffy answered 2 years ago

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