How much money are Sprint Cup teams getting from manufactures?
Lawsuits and court proceedings really a journalist’s best friend, especially when that journalist is charged with covering the super secretive world of NASCAR. Now that GM is in Federal bankruptcy court we can now learn how much money they were spending supporting their NASCAR teams.
In court documents obtained by Jayski and others from GM’s bankruptcy proceedings we learn that Richard Childress Racing was set to get 2,538,750 dollars on June 15th, 2009. We also learned that this was a quarterly payment for his race teams so RCR was set to receive a little north of 10 million dollars in support from GM.
Essentially we are talking around 2.5 million dollars per race team, and if we take that number a step farther we can get a pretty good idea of how much money GM was spending each year supporting its NASCAR teams. We already knew that GM was supporting RCR as well as Hendrick Motor Sports, Earnhardt-Ganassi Racing, and Stewart-Haas Racing.
Since those four teams were set to field 12 teams in 2009, it is very likely that GM’s budget for Sprint Cup series support was to be just north of 30 million dollars. That number does not include support for Truck or Nationwide series teams. There is no real way to surmise how much more money that entailed. Examiner
