Re: John Asher Finally Says It!!
First of all, as many of you know, I am pretty dead on with inside information that I post here...That being said, I have never seen the documents personally, but I understand that the Powerade deal was done, for the first year, for LESS than $1,000,000. I further understand that years 2-3 weren't much more than that, either...
Now, if you look at NASCAR...NEXTEL is paying $70,000,000 per year, and the new series sponsor for the Busch Series will be over $30,000,000...
Now that being said, I am involved in a new motorsports series (NOT cars) that is coming out, and we only have 16 events per season, and we are close to a deal for WAY more than the NHRA gets from Powerade...
The bottom line is that when the NHRA did that deal with Powerade, they were VERY desperate...In fact, if I remember correctly, it was announced in December...My understanding was that part of the reason that they took the deal wqas that Tom Compton was too worried about the image that the sport would have if they didn't have a series sponsor...Instead, he took a peanuts deal from Powerade, along with several promises from them that they would get behind the series with lots of promotional muscle, etc...Obviously, that hasn't been the case...
Another reason was because NO ONE else was interested in the sponsorship...As someone who procures sponsorships in motorsports for a living, I can tell you the REAL reason that the NHRA is screwed...They did a TERRIBLE jobin trying to market the sport to a new sponsor, signed the deal with Powerade, thus showing NO price integrity, and when it came time to renew the Powerade deal recently, who in their right mind at Coca-Cola would agree to spend $6,000,000-$8,000,000 per year on the NHRA when they know that they can sit back and get it for less than half of that..?
Bottom line is that the NHRA screwed themselves by doing that deal in the first place, and then screwed the rest of you (competitors) by renewing it....
Give Aaron Polburn a chance to get his hands on some $$$ and a new TV deal once Bruton Smith's contracts with NHRA are up, then LOOK OUT....you will see...at least Aaron Polburn is on the right track....