Originally Posted by bloard:
Yes, I'll eventually make it out the door... But one more thing just occurred to me on the original topic of this thread...
I did some really rough estimating of the total weekend purse at Tri City and some rough math on the expected back gate.
I figure...
Total midget purse over 3 nights totals about $55,000, maybe more.
Total sprint purse over 3 nights totals about $25,000.
That's a total purse of about $80,000. Plus at least $20k of overhead in insurance, sanction fees, power, labor, advertising, etc, etc.
So lets call it an even $100,000 to put on this show.
Backgate:
Midgets: 50 midgets x 4 pit passes per x 3 nights x $35 = $21,000 plus $7500 in "entry fees" = $28,500 total back gate from midgets. That's about half of the $55,000 midget purse. So for every dollar the midgets contribute, they will get $2 back collectively.
Sprints: Same kind of math, estimating 30 cars for 3 nights = $12,600 (no entry fee). Again, about 50% of the total purse.
So they are getting about $40,000 out of the back gate in a show that's going to cost at least $100,000. They are counting on a $60,000 front gate and concession to make this work.
Do that same math with your typical POWRi or similar show and you will see that this event is exactly the opposite of what Don claims it is. This is a front gate show. A $60,000+ gamble that enough people will walk through the grandstands to make it work.
Reading your post gives me heartburn. Its what all promotors do each week, gamble on massive dollars. I've been on both sides, and being a promotor is much more of a gamble, at least when i raced i knew going in what i could win or lose, being a promotor you have no idea what you'll do for the weekend, you could make a little bit of money or you could lose alot of money. Thank God i love what i do.
Have a great weekend everyone and i hope to see you at the races.