GOT A QUESTION TO ASK THE MEMBERS ON RACERS REUNION
Stock Car Racing History
I guess the "standees" were thankful.
I guess the "standees" were thankful.
I didn't see Denny anywhere near her when she lost it.
I don't guess this fellow is from that group of cowards since he doesn't have his face covered. Must be part of Hugh Overcash's pre-race show using Legend's stable of Tokyo SUVs.
Joe Ruttman credits Jimmy Insolo with giving him his big break in NASCAR via Jim Stacy:
In the very early 80s, NASCAR was coming to Ontario Motor Speedway, which is where I lived. Jim Stacy was a car owner and his driver, Jimmy Insolo, got hurt, so Jimmy told Stacy that there was a guy out there named Joe Ruttman who could drive the car at Ontario. After Stacy exhausted all his areas down south, and as the race got closer, I became his last resort. I couldnt say yes fast enough. What time do you want me there? Hes (Stacy) the guy who gave me the chance to break into NASCAR for good.
Link to the Jimmy Insolo Fan Club here at RR:
http://racersreunion.com/jc-hayes/group/584/jimmy-insolo-fan-club
Nice piece. Saw several drivers who I'd later meet at Winston West events. Interesting to see that the top finishing Plymouth was driven by Dick Hutcherson's baby brother, Ron.
Referencing the 1976 event, I had the good fortune to do the PR work for LD Ottinger's sponsor, Detroit Gasket (Indian Head Industries/MGM Brakes) in the late 80s, very late in L.D.'s career. He's a really nice guy.
Speedway Motorsports has announced a 5% decline in Admission Revenue for 2014 at its combined tracks and is taking a write-off associated with the cost of removing seats and suites at its tracks.
Here's a suggestion... Repurpose/Recycle the steel from those dismantled grandstands and suites into SAFER Barriers. Don't tell me, either, that you can't repurpose/recycle grandstand steel. At Richmond, the steel removed in 1988 from the old fairgrounds main covered grandstand was reconditioned and used to build the turn 1 Veranda grandstand. Instead of selling the steel for scrap, use it to save driver lives.
Admission revenue falls 5% at Speedway Motorsports in 2014
By Rick Rothacker
rrothacker@charlotteobserver.com
03/05/2015 6:49 AM
Speedway Motorsports, which owns Charlotte Motor Speedway, reported earnings on Wednesday.
Ticket revenue fell in 2014 at Speedway Motorsports, the operator of Charlotte Motor Speedway, as NASCAR fans continued to face economic challenges, the companys CEO said Thursday.
Total revenue rose 1 percent to $484.3 million from the previous year, helped by increased television money, but admissions revenue fell 5 percent to $100.8 million.
Our core fans have been particularly hard hit and certain markets are recovering slower than expected, with underemployment remaining a substantial headwind, CEO Marcus Smith said in a statement. Poor weather also hurt attendance at races in the first half of 2014, the company said.
The companys results included a depreciation expense related to previously disclosed plans to remove seats and suites at tracks in Atlanta, Charlotte and New Hampshire. The move aims to improve demand, pricing power and grandstand appearance on TV, the company said.
The company estimated 2015 revenues would range from $450 million to $500 million, with the range reflecting continuing negative impact of uncertain economic conditions. But Smith said the economy appears to be improving, boosted by lower unemployment and gas prices.
NASCAR, stock car racings governing body, is privately held, but its two major track operators Speedway Motorsports, Inc., and International Speedway Corp. of Daytona Beach, Fla. are public companies, offering a window into the sports financial health.
Speedway Motorsports reported $31.1 million profit in 2014, compared to a $6.5 million loss in 2013. The company had reduced interest expenses in 2014 and recorded a goodwill accounting charge in 2013.
For the fourth quarter, the company lost $12.9 million, compared with a gain of $50.4 million in the same period a year earlier. The company had an accelerated depreciation expense of $14.6 million in the fourth quarter of 2014, and an income tax benefit of $49.3 million in the same period in 2013.
Rothacker: 704-358-5170; Twitter: @rickrothacker
Read more here: http://www.charlotteobserver.com/news/business/article12522602.html#storylink=cpy
Having last raced (figuratively speaking) in 2012, Bill Elliott FINALLY retired, lol! Maybe Speedway Motorsports figured nobody would miss stands named for a now retired driver.
Thanks for the insight and first hand account. Not a good way for a Lowe's driver to act in Home Depot's hometown.
What did he do, Johnny? I turned off the telecast when the checkers dropped.