The need to belong is a universal need.And if you are a part of the professional car racing, you definitely want to be be associated with the top NASCAR car racing teams for this year.
Wonder what they look for in a portfolio?
In my previous article, I had posted the priciest racing cars for this year. Gee, would it be a dream to get our hands on one of those? Now, what will be featured are the top teams according to revenue earned, value, and operating income. Mind you, these numbers are all in millions,and not your single-digit numbers.
1. Roush Fenway Racing – for this year, they were valued at a whopping $316 million, earned $189 million as revenue, and spent $39.1 million on operating expenses. They have DeWalt to back them up.
2. Hendrick Motorsports – there were valued for $297 million, operated on a budget of $38.9, and earned $163 million. They are currently sponsored by Dupont.
3. Joe Gibbs Racing – their value for the year 2007 was reported to be $173 million. Also, earned a revenue of $110 million and had an operating income of 23.6 million. Home Depot is their primary sponsor.
4. Evernham motorsports – valued at $128 million, earned a revenue of $89 million and operated on an income of $178 million. They have Dodge Dealer/UAW on their side.
5. Richard Childress Racing – they have a tag price of $124 million, audited for an operating income of $19.1 million and earned a revenue of $98 million. Shell/Penzoil sponsors them as of now.
Big numbers mean success
In this case, the higher the number, the more stable and successful the car racing team is. It is interesting to note that they they still managed to operate on a two-digit income and earning triple more. They really do know how to do business. If you have a top notch and an industry leader to hire you to drive their racing cars, then it is the sweetest victory next to actually winning the car race.
Racing escapades 