Who's Gonna Buy The Stewart-Haas NASCAR Charters?
Vložit
- čas přidán 28. 05. 2024
- Kenny Wallace discusses Stewart-Haas Racing shutting down completely & how much their charters will sell for.
#racing #kennywallace #nascar #stewarthaasracing
Brought to you by JEGS! Click here: jegs.io/KennyWallace & text KENNY to 36727 to save up to $100!
JEGS has been in business since 1960.
Racers selling to racers.
Focusing on American Muscle - but also big product line of automotive tools, garage gear & other performance parts.
JEGS is well established with racers of all kinds, including the NHRA, bracket racing, circle track & more!
Free shipping on orders over $199.
Unrivaled expertise from techs.
Millions of parts for every car person's needs.
Sign up for their email for exclusive deals! - Sport
I hope Dale Jr has enough smarts to stay away from Cup. He and Kelly have a Great thing going on.
And he now has some ME time. And likes it.
If Dale does anything, it will be to buy in as a minority parter with a group like Kaulig or JTG Daugherty.
I feel at most Dale will buy into a team like Kaulig or JTG Daugherty as a minority owner. Not full blown like Richard or Rick.
What do he and Kelly have going on?
@johnhopkins6565 noway, JR name will be on a team in Cup one day. But it's not going to be with a established team as a co-owner. He already said he wasn't going to answer to anyone.
I must be getting old - I remember when stock car racing was a sport and not a business - maybe that is why I do not enjoy it nearly as much now. Drivers use to own the cars and work on them during the week, then race their cars on weekends. Unfortunately due to Charters as one example, those days are long gone unfortunately.
It has always came down to money you didn't just show up and race. You had to have the money to race. Built cars and so on.
U can literally buy a starting spot lol
Better wrap your brain around the fact that you’ve been paying for all these restrictions and changes buy watching it….it’s nascar now… not stockcar…. U let them take it away
Its always been a business too, ya think they raced for free?
Nascar needs to get back to its roots.
What roots do you speak of? Back to moonshine days? Back to drivers driving unsafe cars from the 50s until Dale Sr. death? Get real with the nascar roots.
@@pointlesseditsI'll answer that. Get back to Rockingham. Get back to Nashville Fairgrounds. Get back to cars with enough horsepower to pass. Get back to a bigger variety of tracks, not cookie cutters. Get away from gimmicks like the LA Colosseum, COTA, and the streets of Chicago. Get away from stages. That is BS. I'm just getting started. I have been a fan since 1969, like my father and grandfather before me. I could write a book. By the way, diversity is fine, but for the last 20 years NASCAR has acted like White men in the South are the enemy. We were their fanbase.
Nascar don't need to get back to its roots. YOU need to. Go watch a dirt race son
@@AmericanJohnnyBoone I agree the Charters and lack of hp. Every driver should earn his way into a race and they still could provide championship pervisionals. There are some good young drivers out there and NASCAR needs some hero's to carry the torch. Go back to the old tracks and let these guy's work there tails off to make the field.
@@AmericanJohnnyBoone Couldn't agree with you more about Rockingham, it's as unique as North Wilkesboro., but Nashville Fairgrounds feels like it's being strangled by the city. I have no idea where you'd park for a Cup race. Diversity IS fine, because we have a diverse society, but you're imagining something that is not true when you say "white" southern men are the enemy.
Agreed, 40 million is way too much. However, if someone is willing to pay 40 million, why would SHR pass it up.
If I recall correctly Spire Motorsports purchased a Charter for 40million dollars
I agree Herm, the price of charters has gotten insane. Especially when the sponsor dollars are drying up. NASCAR better get a handle on it before they have 10 car fields, cause thats all that can afford to participate.
Kenny I would love to see Dale & Kelly go Cup Racing but I totally agree with them, there has to be logic behind it. However, until Nascar gets their act together and provides a better package to team owners I would stand and watch.
this will expose the current state "value" of NASCAR
Not really. A team is closing it's doors, so they don't hold any leverage and they are motivated to sell. That means lower prices in most cases.
They are worth what some one is willing to pay for them
@@nomadman5288and it shows that they know it wasn’t worth much or it would have been for sale instead of just closing up shop.
I dunno Kenny but I think NASCAR is real close to imploding. I hate to say that but things are looking grim.
Oh please, I've heard this for the past 20 years. It will be fine.
The fact that all the charters are already sold would say otherwise
I AGREE !
It depends on how profitable a Nascar team can be. If it was highly profitable, Stewart and Haas would have kept going. Or sold their teams with franchises. My guess is that they were marginally profitable, or even slightly running at a loss. Haas is a highly successful businessman, so it’s surprising to see him sell out, unless he was just tired of it all. My guess is $10M, assuming Honda doesn’t get in.
Kenny charters already sold three different teams have announced they were purchasing one the fourth one is up for grabs
There are 36 charters and 4 spots are open each event, only the big races get a full 40 car field, the non charter teams have to qualify and don't get paid like a chartered entry. All the charters will be bought by existing teams. Dale Jr. would be smart to stay away, and keep enjoying his Xfinity teams. Nice idea Honda comes in and buys everything lock stock and barrel, doubt it though.
A live auction would be fun to watch for those charters.
And the assets too
Live prime time show, like 1 hour long
If I'm not mistaken, the Cup field is set up for 40 cars max. There are 36 Chartered cars for 36 guaranteed spots in the race and then can be up to 4 "Open" cars. I think we see maybe one or 2 races a year where an event has more than 40 cars on the entry list...most of the time nowadays we are seeing about 37-38 cars on the entry list each week so the Charter imo means nothing really until we see larger entry lists again to guarantee yourself a spot in the race if you qualify poorly. And now, we are going to take away 4 more cars from that weekly entry list of 37-38...dropping the value of a charter even more.
@jlethal1983 . . the field was reduced from the very long-term 43 cars, down to 40 strictly due to they couldn't get 43 competitive cars. Costs of building cars had gone thru the roof, while primary sponsors were dying off like the dinosaurs. With a stroke of the pen, NASCAR can increase it on a whim, . . if the competitive teams are out there.
The Charter pretty much guarantees that there will be at least 36 cars at every race. You're correct. It has zero affect on the maximum car count. The economy is the main problem presently, & the fact that the soy boy kids are into video games in mommy's basement rather than cars now.
Tony is smart by getting out while the teams still have value. NASCAR has been on life support for 20 years, soon to be over.
probably not going to be 'over', but it's sure gonna change.
Nascar isn't going anywhere, they will change with the times, you may not like, but most people resist change anyways.
@@gwoodru Don’t kid yourself that it can’t be over !! Only 2 things for sure, and we ALL know what those are . . . . 😊😊
@@gwoodru Yeah, I think this is accurate. Everyone I knew that watched the sport 20 years ago no longer watches. Nascar abandoned them in pursuit of fans in big cities that make more money. Very little about the sport hasn't changed. Despite that, it's still going, and everyone involved is making a hell of a lot more money. I don't see that part of it changing. They will find a way.
Tony is "getting out" because the real $$$$ behind the team, Gene Haas, wants to play F1 loser. Tony did NOT start a team from scratch. He was invited in to Haas' already established team, same a BK with Roush & JJ with Petty, to try to make a losing team successful. Jeff Gordon was brought in as a partner to RHR because he helped make the team successful & Rick Hendrick wants the team to continue after he can no longer run it. Tony is ready to have a family, loves drag racing & lives in Havasu, AZ. He's pretty much selling everything except his racetracks & his WOO team so he can enjoy family life with a big nest egg & a lot fewer headaches to manage!
Ill buy it for 50 bucks. Bout all nascar is worth
It’s worth whatever somebody is willing to pay. JR and Kelly have expressed interest in getting a charter, but they understand the business side and won’t pay so much for a charter that keeps you from ever getting your money back.
They are worth what someone is willing to pay,
I like WOO and High Limit sprint series. Anyone can enter and race.
Shit part about WoO is the full time drivers can’t run we’re they want.
@@SlideOrDie24x They can up to 4 times. Seems reasonable considering the benefits they get.
I much would rather spend my time and money outside the woke - formerly Marxism dei esg mob. When I witnessed 30k fans at Tulsa earlier this year, on a Thursday night, vindicated my decision.
Anyone can enter a NASCAR race & they have to qualify in, just like the local short tracks. The Charters give the team owner something of value to sell if they want out, other than a building & a bunch of used equipment. 10% of the field is open & the cost to "assemble" a race car is far lower than trying to build 1 from scratch. Andy Petree stated that before the standardized car being run now, an A-arm cost #3500, when the engineering, R&D, construction costs & all factors were combined. That's $14,000 for 4 frontend pieces & ya still need spindle uprights, steering arms, hub/bearing assemblies, brakes, etc, probably totalling $25,000-$30,000 for the front end alone, & then there's hanging & massagint the body, which took 2 weeks for a crew of 10. 2 or 3 guys can now hang a body in 2 days & there is NO cheating.
They are worth what someone is willing to pay. We will see very soon.
They are worth whatever someone wants to give
Get Leah Pritchett on Kenny Conversation.
Seems like they would have been worth more if SHR hadn’t announced they were completely folding at the end of 24. When I know you have to sell something, I don’t necessarily need to pay full market value for it.
They don't have to sell anything. Gene Haas could run the entire operation for less than he's throwing away on 2 losing F1 teams. There are already 3 buyers so only 1 charter left to sell.
I watch and listen to Kenny about an 1 to 2 hours per week. I watch nascar races about 15 to 20 minutes per week.90 % of those 15 to 20 minutes are commercials.
Kenny thank you for all you do brother. I have so much respect for you , how you have always conducted yourself and what you do . Be safe on the road ! ✌
I watched a DaleJr podcast last year. He eluded that a charter may come available. (Maybe inside info) He did say that the cost of the charter vs. recouping the initial coats didn't make business sense. I wonder if he knew that his friend STEWART may be thinking of selling? I just love to speculate.
Kenny you may have hit a home run with Honda buying the whole deal. You are the professor of nascar😊
Front Row has already aquired one of the charters.
Did you see 👀the Indy 500?? Honda engines were blowing up💣
He might not be right. I think in my opinion. It's a fire sale. Everything must go. I think there's a lot of scared staff and drivers, wondering if they will have jobs next year
.. I think Stuart Haas employees will be integrated with other teams so there not left in the cold
. I pray to the Nascar gods other teams help these families out.
NASCARs brand gets hurt by having foreign cars.
Didn't Honda say they wouldn't come unless running EV
Kelly is always a good interviewer and or interview … cool looking forward to it
IMO a manufacturer would buy all 4 and the whole shootin match building an all. It would be cheaper to do so. I'll go on an average $ of each car at 28mill if you buy all 4 teams or starting spots. Add a building and all shop together would be 28 mil x 4, + building at 5 mill + merchandise at 200k = 117,200 000 mil. That's 4 teams building and everything SHR owns turn key.
Totally agree with you its going to be interesting might bring more life back into Nascar
Very interesting I had know idea about the franchise ! Thanks for shedding some light on this
NASCAR makes up the Rules as they go along..
yes, cause they own the business
As with any company.
@@RustburgMike NASCAR was supposed to be the Sanctioning Body of stock car racing. Now they own many of the Tracks. They got out of Control just like our Federal Government.
Yes….as with any company. However they’re going the wrong way and instead of most companies who would make a correction when they see it’s not working NASCAR doubles down
Happy Wednesday Kenny and Charlie 💪🏻
Be a great foothold for a new manufacturer to enter into Nascar.
Honda has been rumoured but has stated they don't want to build a race only engine built to NASCAR's blueprint, which all 3 competing manufacturers now comply with. Strange, since they're building Indy car grenades, as proven during the month of May at Indy.
Breaking news Clint bowyer is going to drive the 7 truck for spire motor sports at Nashville super Speedway!!!!
I wish God Speed to Jr., if he buys a charter. He brings a pretty big fan base. 🙂
I don’t know anymore than you or anyone else knows but I do like what you have done with your hair!!! Ha!
Ed from Lynchburg
Until there is a charter deal they are worth nothing but if they have a permanent charter agreement then I think they Might be worth about 30 to 40 million
I just heard Front Row has purchased the first charter.
Kenny, I think they should be around 20mil. That's a reasonable number. It all depends on how bad you want one right? Auction? Can't wait to see how this all shakes out.
Hi Kenny, are those last few entries at the end of the field called provisional spots? I can't remember. I SUBSRIBED!! Great stuff , first time listener!!!
"Sources" have said that Front Row, 23XI and Trackhouse are where three of them are going.
JR Motorsports , the 88 car with the old 8 car font
I agree 20 Mil each. But that's a crap load of coinage for just a franchise. Then they have to rustler up cars, drivers and all the stuff for the mice team.Oh my Wow! Race on Herman.
Kenny Wallace is right. It's a Fire Sale. They call it a Fire Sale because Everything must Go!!!!
A true fire sale is when a building catches on fire and all of the products that don't burn are contaminated with Smoke, then discounted...
But what you described and what I described are basically the same thing in this case LOL
@@letsroll492 Thank you Professor Fire Sale. The only thing Smoke has contaminated is his shorts as he goes down the Dragstrip:) Nascar itself lit the match!
Kenny is wrong. Gene Haas is probably the wealthiest of the 4 or so billionaire team owners, Gene Haas, Roger Penske, Rick Hendrick & MJ. He throw more $$$$ away every year running a pair of losing F1 teams than his entire NASCAR operation costs.
20 million sounds like a good starting point kenny. They will be bought soon . you rock kenny .
I know Jr talk about buying a Cup charter from time to time. It’d be nice to see him get one.
As a die hard Ford fan, I’m sad to see 4 Ford cars dropping out. I doubt they’ll all go to a Ford team, but I can at least hope 1 or 2 will be for Ford cars.
Also, really looking forward to seeing Kelley on Kenny Conversations.
I’ve always been a Tony Stewart fan. Tony is invested in his NHRA team now and probably realizes he can’t give his NASCAR team the time that is needed to be competitive enough so rather than just keep it going it’s better to close up shop and focus everything on the NHRA team. I think a charter will sell for 27 million
You Kenny! Let's GOOOOO!!
FRM put bid in is the word
Front Row Motorsports is saying they're going to three chartered teams next year, so maybe they bought one
yes Front Row Motor announce they bought a charter.
Front Row, 23XI, & Track House have been named as probable buyers. Only 1 left that nobody has committed to yet.
Kenny, I think $20 million is spot on. The number of people looking to bid is what will determine the selling price.
3 buyers already in place.
All my rowdy friends have settled down 😂😂 sounds like me Kenny haha
Gonna be interesting.
Love your PODCAST ! - $15M each
Love KE
Definition:" The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller." Well... Spire Motor Sports last year paid $40 million dollars for one NASCAR Cup franchise. So I would say $40 million is what its worth?. Right?
MOM Racing: Man on the Mountain Racing. #RussWallace #Legend
Spires Motorsport paid 40 million last year for a charter. You can start there with the bidding.
Front row is buying one of them, who knows about the other 3 maybe a billionaire with team up as a co owner with Harvick or Kyle Busch since they both have experience running teams
Your the best 😊
Let's go in halves Kenny. We will call it the FANS TEAM RACING.
I live in mt.carmel Herman 😁 enjoy your stay
The charter agreement needs to be ironed out if SHR is going to get top dollar for their charters. No agreement means they are almost worthless.
I don't know Kenny could Kelly have meant that the charters are over valued by 30mil
Crazy times.
I might buy the charters. I was digging in my couch and recliner and I am on my way out to my truck to check under the seats for spare change. So far I've found $7.89 and I'm thinking I'll have enough to buy all 4 charters.
Front row already bought one of those charters
Technically they did not yet because no charters to sell until new agreement but front row motorsports plans to
Maybe you and Rusty should buy it.
Kenny “has all that NASCAR money!”
Rusty owns several car dealerships & a successful speedway out in the middle of nowhere Iowa that fills the stands every race & it gets a cup race this year. He would have partnered up with Penske IF he wanted to be a team owner.
It'll definitely be interesting. I recently heard a $50m number thrown around and I thought that was insane. Seems like 4 charters for sale at the same time may drive that number down though. I can't believe they'll bring $50m each. We'll see. I'm definitely taking the "under" on that number.
I think Dale sees through NASCAR’s games and nonsense. I think Dale is quite content with his broadcast career, not to mention all the other financial interests he’s involved with.
Kelly and Dale Jr are too smart to get involved in cup with the state of the Nascar / owner package right now. The only way I see them pulling the trigger is if the franchise is a real bargain.
I say between 20-30 million per car.
The cost for those charters would run about $40 million each. Who in their right mind would pay that kind of money considering that most franchises are losing money?
I predicted this. Hass is getting old and tired... and Stewart is disgruntled and tired of Nascar holding racing back. He's enjoying learning how to be a champion again, in drag racing. I think Honda wants in. They knew if they talked with SHR and expressed an interest, SHR might become available. It's perfect timing for both SHR and Honda. And now with strong rumors of JR wanting to run again.... you can see the writing on the wall. JR in a Honda next season. But...and this is huge. Honda doesn't want anything to do with a pushrod V8. So... Cup goes Twin Turbo V6 very very soon. Ford is likely ready as they've been building the Ecoboost platform for a while now. Honda has the 2TV6 ready to go. But what does GM have sitting in wings?
Silly season just started...let the games begin.
Dale Jr won't drive a Honda
Honda already went on record, No to NASCAR! They will not build a spec V8, for NASCAR, not interested.
Honda has already said they won't build a NASCAR blueprint spec engine!
If Dale Jr., wants a franchise... Dale is going to get a Franchise!
Kenny 20 mil.alot of money too
Charter... McDonalds is Primarily a Land Investment CO .,
Yeah, and the people who buy the franchises do all the hard work while McDonald's makes all the money. Kinda like NASCAR.
interesting about these charters prices. the last sold for 40 million. Jr too tight to buy one
Mt Carmel? My hometown is McLeansboro.
Kenny 💪
I say the last one sold will be the highest one sold. They will overpay due multiple bidders wanting it. Jr could start a one cup team and be just as busy as he is today. Thanks KW!
Rusty, Mike, and Kenny Wallace Racing!!! RMKW RACING!!! LOL!! That's one spot!!
The only Wallace with any real $$$$ is Rusty & he's happy being the owner of several car dealerships & a successful race track that gets a cup race this summer! Kenny had to partner up with Stewrt & Schrader to buy the Macon Cty Illinois track that the 3 own together. Mike doesn't own any racing type businesses that I'm aware of.
Hard to say what they are actually worth without knowing the particulars of the TV deal, or whether charters will become permanant or not. I'm guessing that may have been a factor in Tony and Gene's decision-sell while they're still worth something.
I believe that Dale an Kelly should do a Cup team...that's what SR would want, actually he built that for them but it didn't end up that way😢
No one with a brain would buy them because no one likes NASCAR anymore.
SHR will sell 4 what they paid (more if possible) and Nascar will set minimum start of 20M or like Real Estate take offers to see who will be highest bidder. At this time in the economy NO team will overpay for one either.
Honda aint coming in cause they said they don't want to make a pushrod V-8.
They still have to build 2 xfinity cars, so yes, they still need the full fab shop.
The only thing they build is the chassis. Xfinity Series bodies are just like cup series
DALE JR!!!
Rick Ware, as if, lol that would make a mega team Rick Ware Racing, right, thanks BigAl California.
I think Johnny Morris at Bass Pro Shops/Cabela’s could be a good partner for Dale Jr. Motorsports. Johnny almost stated as much during the Dale Jr. Download interview. I would support that!!! Also, NASCAR should have 43 Cup Series spots for every race, like they did for years. Let more racers earn their way into each race weekend. Not spots for ride and park teams, but actual racers who want to work hard and race.
Not much sense in 43 cars when they only get 36 because the charter ownership requires it! Johnny Morris isn't going to buy into a team ownership when he can pay the sponsorship to several teams of different manufacturers & not have any headaches of management. He probably already donates more $$$$ than he would IF he owned a team.
Let the bidding wars begin. It's going to be interesting 🤔✌️🇺🇸
KWR, has a ring to it.
Hate to tell ya folks, but racing on all fronts, local short tracks to national series, are all on a downward slide. People would rather stare at their phones than go take in a race or hell, any other outdoor activity. It's trully sad.
Could be the perfect opportunity for Andretti to come in. They were saying they were interested. Buy this team and then sell one of the charters.
Outside of that, I think they're going to Trackhouse, RFK and 23XI. I really don't know who could buy up the 4th one unless one of the teams mentioned gets 2 of them, but I don't think that's gonna happen.
Here's a darkhouse pick: Maybe Penske grabs the 4th and Newgarden comes over? He hasn't said he's interested in full time, but he has said he'd like to run a Cup race at Bristol.
Either way I think they probably go for 25-35 mil each depending on if a team just buys one or if they buy multiple.
Andretti is interested in F1, not NASCAR. Marco can't even run top 30 in a truck race where everybody is running the same ILMOR crate motor!
Kenny, how close do you need to the AFRs to be cylinder to cylinder?
Supposedly 3 are spoken for. I think Dale Jr. IF him and Tony can cut a deal. Jr can certainly afford to buy SHR lock-stock & charter!
Gene owns all the charters
Kenny, saying they are 30M short does not mean they are thinking of doing it. It means that, like virtually everyone connected to NASCAR (even fans) they are talking about the situation.
27m ea
Dale JR and Kevin Harvic should partner up and buy the whole operation
Rfk They will buy one definitely
What will if sell for, who knows. What should it sell for, maybe 3 or 4 times the amount of extra money the charter would bring in over the course of a season for an average team. Just a thought.