As an American Citizen and a True NASCAR fan for over 20 years, what I saw in the news tonight made me sick to my stomach. I was watching Glenn Beck on HLN news and he was listing the EARMARKS (pay offs) to influence some Gov. officials to vote for the Wall Street bail out, one of them was NASCAR. The amount was $128 million to be given to NASCAR if the Wallstreet Bailout bill passes in Congress. I pray that it is not true.... I hate to think that our sport that is loved by thousands and thousands of honest, hard-working people is not in anyway apart of this crooked SH!!!!!!!!. I write this not to give my opinion on the Wall Street bail out, only to say that I was so embrassed hear that NASCAR, a multi million dollar company, would even take a hand out from the government!
I don't know what to think or say. Please let me know if you saw the segment or what you think about this? I'm not a big fan of Brian France anyways, but if he asked his puppets to push for it, I think it will hurt the integrity and honor of NASCAR. Below I have copied and pasted an article on published on Yahoo Business on 08/06/2008, showing that Speedway Motorsports had a 17% increase for the 2nd quarter of 2008. Let me know what you think! Remember keep it real and Thank you Loyal and True American Nascar fans.
AP Speedway 2Q profit rises 17 pct on NASCAR revenue Wednesday August 6, 11:47 am ET Speedway Motorsports 2Q profit rises 17 percent on strong revenue from NASCAR events
CONCORD, N.C. (AP) -- Speedway Motorsports said Wednesday its profit rose 17 percent in the second quarter, beating analysts' estimates, as strong revenue from NASCAR events largely offset the effects of escalating gas prices on admission revenue and other difficult economic conditions.
The operator of motorsports raceways reported net income of $47 million, or $1.08 per share, for the three months ended June 30, compared with $40.3 million, or 92 cents a share, in the same period last year.
Revenue rose 18 percent to $212.8 million from $180.8 million.
Analysts surveyed by Thomson Financial, on average, expected earnings of $1.07 per share on sales of $211.5 million.
The company's event-related revenue, much of it due to corporate marketing, rose 14 percent to $72.9 million during the quarter.
Shares fell 36 cents, or 1.8 percent, to $19.76 in morning trading.
I am an Arizona native and a loyal Nascar fan since the early 80's. I am a dad of two boys,two girls and one grandson. I have a wonderful fiance that loves Nascar as much as I do. I'm also and avid fisherman, hunter, cowboy and an all around outdoorsman. Racing has been in my life for as long as I can remember. My grandparents used to race back in the 50's and 60's in Georgia on dirt tracks. All of my family is from Georgia and we still believe in "Southern Hospitality and Heritage". In the early to late 80's my uncles got into dirt track racing here in Arizona. I also did a little racing in the early 90's, but the sport became more than going to the junkyard and buying a bomber.
