Disciple of INDYCAR Weblog

July 9, 2009

The $600,000,000 Million Dollar Men

Filed under: The Disciple Blogs — Disciple of INDYCAR @ 1:07 am

Brainiacs

Haggard Old Crazy Man from Texas

Haggard Old Crazy Man from Texas

The funniest obsession among the ‘I-hate-Indy-Cars-but-spend-most-of-my-waking-hours-discussing-them-anyway’ crowd of sleazeball hypocrites is the notion that over $600,000,000 of IMS money has been poured into the Indy Racing League since the cart boycott began. They are absolutely convinced.

Are there really people who are that gullible or stupid? Do these folks not know how to rub two synapses together and fire up a little logical reasoning? Does anyone understand how much money $600,000,000 actually is?

What is even funnier is their seeming assumption that the $600,000,000 represents the amount of loss in real dollars. They discount revenue that is generated or assume that it is a miniscule amount. Even people considered smart; e.g., columnists from reputable publications, seem stuck on the $600,000,000 number. Why?

Not one person anywhere has laid out anything even close to a compelling breakout of the expenses. No one has made a case for numbers that represent income. All we get are ‘estimates.’ Usually those are actually ‘wild arse guesses’ based on prejudice or simply ignorance.

Just once I wish one of those touting $600,000,000 as gospel would make a convincing case. No one has. No one can.

We could, however, take a look at actual reality. The IRL-hating stalkers would have you believe the league is on its last legs. Here we are, however, fifteen years later and going strong. The current leadership (those actually responsible for performance who work with actual numbers) indicate the series is healthy given the state of the economy and sports in general. The critics howl at this, calling IRL officials liars and worse.

Will they still be howling in another five or ten years as Indy Cars continue to race? If they are it will constitute assurance we will have a source for laughter.

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4 Comments »

  1. Usually when I hear the $600,000,000 mentioned it is not solely in the context of money spent on the IRL. In fact I think if that number is correct, much of it was reinvested back into capital improvements at IMS itself, the new pagoda for example. Capital improvements don’t neccessarily lose their value, but they are much less liquid and harder to access than other investment vehicles. In this case the only way to access their value is either to take a lean out on the speedway or sell it outright…Sort of like adding an addition onto your house…

    Comment by JP — July 9, 2009 @ 3:26 am | Reply

  2. The photo on the left is a dead ringer for the little albino chimp hypocrite trailer dweller from Texas. Dude is enough to drive rational people away from racing forums. He stirs up more crap than a waste treatment facility. Personally I can’t stand him. Good points in this blog entry though. Looks like the series, as screwed up as it is, remains standing.

    Comment by Some guy — July 9, 2009 @ 9:47 am | Reply

  3. I seem to remember 2 years ago Champ Car making this very statement.

    The current leadership (those actually responsible for performance who work with actual numbers) indicate the series is healthy.

    Where are they now?
    Editor’s Note: Same place they were then. On the outside of Indy looking in (mostly while they tried tearing it down out of the other sides of their mouths). That is the fundamental difference. They did not have Indy. The refugees running the IRL have that linkage. That makes their long term chances viable.

    Comment by Rosco — July 9, 2009 @ 9:23 pm | Reply

  4. Well regardless of how much money was lost or not and regardless of which side you were/are on……

    There is no question that American Open Wheel racing is in a vulnerable position and is a mere shadow of what it was in the 90’s.

    The ratings keep dwindling, the car counts keep dropping, we’re down to 1 chassis and engine supplier, and the sponsors are not exactly flocking to the series.

    At some point this trend needs to be reversed and things need to start turning the other way. The sport can only survive as is for so long, it’s time to take big steps towards improvement and making it viable again.

    Comment by Serg — July 10, 2009 @ 5:36 am | Reply


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