The incredible shrinking Nascar
Anyone who has followed Nascar will understand when I say Bristol is one of the preeminent sporting facilities in the country. Over the recent decade, there were waiting lists to get a ticket - it was that popular. The scene is wonderful and grand as a spectacle, nestled in the Eastern Tennessee hills of Appalachia. A very high banked 1/2 mile track (one of the smallest that Nascar runs at), Bristol offers the fan a complete view of all the racing in a dramatic theater that's completely enclosed clear around. At capacity, there's 165,000 people encircling this sporting experience (the 8th largest sporting venue in the world, as per Wikipedia.com), which certainly could be considered the Roman Coliseum gathering of our day. We can thank the ever-colorful Bruton Smith (who never grows old) for this majestic theater.
Ah, but if only they'd had 165,000 screaming fans to watch the race on a bright sunny March day in 2011 - it was estimated by Nascar at 120,000 (no official count was released, source - RacingNation.com) but having observed as much racing as I have, it didn't look like that many. But let's take Nascar's count and consider there were 45,000 empty seats; to think just a couple years ago, they had waiting lists for tickets to this entertaining happening.
So what's the problem?
The obvious problems with all sports nowadays have to do with the economy and lingering Recession. There are actually many reasons for the fall in attendance in sports and motorsports like Nascar but let's put it where it belongs. Ticket prices went up with the rise in popularity for stock car racing and came to a situation where they went too far with their price point. Whether it was greed or good business to 'get while the gettin's good' - doesn't matter. The critical concern is to accept the situation and fix it. Of course, the biggest predicament is the price of gasoline. With no end in sight as to when oil prices might ease and a looming economic crash being debated, the cost of travel will not be getting any better any time soon.
Nascar has a problem
The giant stock car racing body has not exactly admitted any concerns; although, they don't necessarily have to say anything when it's visually apparent. But something needs to give. One of the places where a sporting event makes the most money is on concessions. But when a fraction of the fans are coming into a facility, it immediately affects the bottom line. But if the cost of a ticket was reduced - and I mean significantly - the seats are full again and concessions are able to do well. Also, remember certain partners (sponsors) like lots of people in the seats and when they don't have as good a draw, they're less likely to partner again.
Albert Einstein was quoted as saying: "We can't solve problems by using the same kind of thinking we used when we created them."
There are more solutions to the problem
A racing organization in drag racing offered a dramatic alternative a few years ago. The American Drag Racing League (ADRL) came up with a concept where the fans were allowed in free. Can't go into the specifics of the who, when, where and how but in a nutshell: to fill the seats, attract sponsors and create good income for the concessions. The idea was for people to pick up their tickets at a participating store free of charge and voila! Stadiums packed to capacity. The premise, which was thought of by Kenny Nowling, was a success.
Now, I'm not saying that Nascar needs to give away tickets but by lowering the cost for a family to go to the track, offers an opportunity to fill up the seats and everyone wins, even if the profit margins are reduced - better reduced than to see it go away. Keep the fans and stop the bleeding before it gets worse and then Nascar can continue their reign as one of the largest sports in the land.
Published by Daryle W. Hier
Daryle W. Hier (aka NostalgiaDr) is a principal of Eagle2Team.com and Eagle II Motorsports Marketing. He loves anything to do with the Central Coast of California and wine country. He has interest in h... View profile
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4 Comments
Post a CommentHow about free parking and getting local motels & hotels & not to jack up rates as well everything else in the area. I understand wanting to cash in,but if they left prices alone they would still make a lot of extra money with out killing the golden gouse.
Certainly, the economy has a great deal to do with the problem. People are more careful with where they spend their remaining entertainment dollars.
But just as important, I think, is that NASCAR has systematically alienated the diehard, loyal fan base it's always had in it's never ending quest for new fans and a larger market share. Appealing to new fans and corporate money with constantly changing rules and equipment has hurt their credibility and the less stalwart fans are following the traditionalists out the door in search of the next cool thing.
Lowering prices will definitely help, but in a lot of ways the damage is done.
I like the racing at Bristol (multiple grooves now) and am not sure whether that's the problem. Bristol is a great track and facility and they didn't get waiting list at one of the largest tracks in the world without having something to attract. Maybe the shine is off the apple but I think the problem lies with Nascar. Although I'm surprised Bruton didn't promote better and get more fanny's in the seats.
When they repaved the track they took the fun out for the fans. It wasn't broken, should have never been fixed.