Lucas Oil races question

[jgrigz]

Does anyone know what kind of financial arrangement is made between the NHRA and the track owners for a Lucas Oil race? How is the money split up? Do the track owners make money off the entry fees or just the concessions? Just curious

 

[TD5023]

Does anyone know what kind of financial arrangement is made between the NHRA and the track owners for a Lucas Oil race? How is the money split up? Do the track owners make money off the entry fees or just the concessions? Just curious

My understanding (so take this with a giant grain of salt) is that the track is pretty much responsible for all the finances involved with the races. They take the entries, they deal with payouts, etc. NHRA gets a flat fee for hosting the event, and everything earned on top of that is track profit. I haven't heard this directly from someone who would definitely know, but it's been a consistent theme from a couple different sources.

 

[Cliff]

I've heard that for a lot of tracks, the national event keeps them in business for the year.

 

[pwedge]

The NHRA owns Lucas Oil Raceway.

 

[mick]

i believe the question here is what is financial split between nhra and individual track owners that host LODRS events.
nothing to do with forrest, lucas oil, or lucas oil sponsored events.

 

[Tom]

My understanding (so take this with a giant grain of salt) is that the track is pretty much responsible for all the finances involved with the races. They take the entries, they deal with payouts, etc. NHRA gets a flat fee for hosting the event, and everything earned on top of that is track profit. I haven't heard this directly from someone who would definitely know, but it's been a consistent theme from a couple different sources.