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Topic: Sanction Fees and Leasing
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Page 1 of 1 of 3 replies
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November 29, 2023 at
06:57:49 PM
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05/29/2007
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Are the Outlaws sanction fees still $25K for a 1-day show?
What is the High Limit sanction fee?
Anyone know?
What would a track normally charge to just lease the place to WoO or High Limit?
I'm sure lease agreements can benefit both the owner and the series.
Series collects the gate money and the owner gets all concession profits.
A lease would be a better deal than going in the hole for $25K before the event even happens.
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November 29, 2023 at
07:47:53 PM
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05/31/2007
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4396
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From what I understand the Outlaws partner with the track promoters or lease on their own nowadays. There are still some tracks grandfathered into the old "pay the sanctioning fee" model but I don't think that's the norm anymore.
I don't know how HL will operate, though I assume some tracks get some backing from Flo.
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November 29, 2023 at
11:18:58 PM
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979
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Reply to:
Posted By: dsc1600 on November 29 2023 at 07:47:53 PM
From what I understand the Outlaws partner with the track promoters or lease on their own nowadays. There are still some tracks grandfathered into the old "pay the sanctioning fee" model but I don't think that's the norm anymore.
I don't know how HL will operate, though I assume some tracks get some backing from Flo.
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I know when USAC , Lucas Oil LM , or the All Stars came to a track that had a Flo contract, the tracks didn't get paid from Flo , the money went to the sanctioning bodys. The tracks only got paid for non-sanctioned races. Dirtvision, I don't know any details.
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November 30, 2023 at
06:52:06 AM
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08/04/2023
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367
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Given the nature of the world of finance I'd be willing to bet almost every event is different. Everyone likes to negotiate. Most of the folks running tracks seem pretty tight lipped about stuff. No one wants to take a risk it seems.
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