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 3 years ago

Develop a list of expense streams for an intercollegiate athletic program

Develop a list of expense streams for a publicly traded sportswear company

Develop a list of expense streams for a non-profit health club

Develop a list of expenses for a professional baseball team

Locate and read Section 385 of the Internal Revenue Code and develop a comprehensive list of...

Locate and read Section 385 of the Internal Revenue Code and develop a comprehensive list of factors that indicate legitimate debt. What is the status of the regulations that are to expand on this Code section?

In an effort to find alternate revenue streams for their athletic program, as well as to...

In an effort to find alternate revenue streams for their athletic program, as well as to enhance the game day experience for fans, Eastern Michigan University recently ran a pilot program to sell beer at a home football game. Despite an approximate $3,000 net loss on the program, the pilot was deemed a success because it gave them valuable information needed about fan interest and required infrastructure if they decide to move forward with more football beer sales in the...

The following is a list of 29 Nascar racers, arranged in descending order. 18, 21, 22,...

The following is a list of 29 Nascar racers, arranged in descending order. 18, 21, 22, 25, 26, 27, 29, 30, 31, 33, 36, 37, 41, 42, 47, 52, 55, 57, 58, 62, 64, 67, 69, 71, 72, 73, 74, 76,77 -Find the % for the data value 74. -Find the % for the data value 30 -Calculate the 44th percentile -Calculate the 7th percentile

or a new type of tire, a racing car team found the average distance a set...

or a new type of tire, a racing car team found the average distance a set of tires would run during a race is 166 miles, with a standard deviation of 14 miles. Assume that tire mileage is independent and follows a Normal model. a) If the team plans to change tires twice during a 500-mile race, what is the expected value and standard deviation of miles remaining after two changes? b) What is the probability they won't have to...

HalHal and NickNick are racing to develop a new brand of tooth whitenertooth whitener. They both...

HalHal and NickNick are racing to develop a new brand of tooth whitenertooth whitener. They both believe that it will be more effective than all othersmore effective than all others. HalHal and NickNick know that if they both develop the new product, they will make zero economic profit; if only one of them develops the new product, that firm will make an economic profit of $2.52.5 million a week and the other will incur an economic loss of $1.01.0 million...

1. A racing team owner wants to attempt to qualify his car for a major auto...

1. A racing team owner wants to attempt to qualify his car for a major auto race. The owner believes that it will take a mean qualifying speed of over 223 mph to qualify for the race. During the two days of testing prior to qualifying, the team conducted 10 practice qualifying runs. The mean speed of these qualifying runs was 224.5 mph, with a standard deviation of .75 mph. Based on this information, does the owner have reason to...

Question