Originally Posted by Ray3:
All I see there is excuses. The purse is abysmal for the Chili Bowl. He says several times that Bell and Larson don't call him. Only reason Hahn wants them to call is so he can make a side deal with those guys and continue paying everyone else peanuts.
Breakdown:
Entry Fees: $150X394 cars = $59,100
Pit Passes: 394X6 people per car = 2364X$375 (multi day pit pass) = $886,500 this is probably extremely low.
Just in those two revenue sources we are at $945,600.00. By his own admission it costs $1 million. We are almost there and we haven't sold a single ticket yet.
Let say he sells 10,000 tickets for the week. 10,000X$365 (week long ticket) = $4,380,000
So just rough numbers before any sponsorship, no TV rights and no fuel sales....
Total reveunue = $5,325,600.00-$1,000,000(costs) = $4,325,600.00 in NET PROFIT!
First off, I think that Emmitt makes a lot of money on the Chili Bowl. As far as I know, he he is still partners with the Ross family for this event. (Perhaps he bought out Lanny's portion from the Ross family when Lanny passed away)
As others stated, I think the million dollar number was a rhetorical number and that it costs more than a million to put it on.
Finally, your numbers are very suspect.
Entry Fees- No issues.
Pit Passes- Not every car brings 6 people. 6 is a very high number. Also not everyone is buying a multi day pit pass.
Ticket entrance 10,000 X 365 equals 3.65 million not the 4.3 million that you stated.
As you stated there are other revenue streams not stated, but those numbers would be even more suspect than the ones we have. (How much does streaming actually pay?)
Do I think that the Chili Bowl turns a handsome profit? yes. Do I think that the Chili Bowl in making over 4 million in profit? no