While teams and NASCAR try to resolve their differences over a new revenue-sharing proposal, JoeGibbsRacing owner 'Coach' Gibbs remains hopeful:
In a meeting Friday in downtown Charlotte, N.C., with a small group of media, a negotiating team representing Cup Series organizations said NASCAR had rejected a seven-point proposal it offered which it says would improve teams’ long-term fiscal sustainability.part owner Curtis Polk as a “minimal increase in revenue and the emphasis was on cutting costs dramatically.”
“There comes a point where it comes to a point sometimes where it’s negotiating and working together, solving the problems. At some point you generally always reach a conclusion. I think that’s kind of where we are.”During the Friday meeting, Dave Alpern, the president of JGR, talked extensively on the amount of time teams must currently spend on acquiring sponsorship, which is the backbone of the sport’s current business model.
“If I’m honest, I’m terrified what happens after Coach is gone. I’m not even talking about making a profit, I’m talking about surviving. This needs to survive to the next generation of Gibbs and the next generation of teams.”“A key focus moving forward is an extension to the charter agreement, one that will further increase revenue and help lower team expenses. Collectively, the goal is a strong, healthy sport, and we will accomplish that together,” it said.
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