Kevin Harvick Reveals Similar NASCAR Concern, Aggressively Raised by Hendrick Motorsports VC Jeff Gordon & Michael Jordan’s Agent

The current financial models in which the NASCAR team operates are considered to be vulnerable to total collapse. Recently, Kevin Harvick spoke about the future of NASCAR and its teams and how are they going to stay afloat. Surprisingly, Harvick was not the first to have complained about the financial structures surrounding the foundations of a NASCAR team.

Harvick said, “I’m nervous about everything that’s going on with the teams and NASCAR. I hope they come to a common ground. But that’s less than five years out.”

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He continued, “The one thing that worries me the most five years out is just where the teams are and making sure they’re financially healthy and doing the things they can do to keep the cars where they need to be on the racetrack. I hope the charters stay as competitive as they are now because I like the ownership. But I always worry about the teams. So I always want them to be in a healthy position.”

What concerns did Jeff Gordon & Michael Jordan’s advisor raise?

Astonishingly, Harvick’s comments about the future of the teams in NASCAR were something that was also brought up by Former Hendrick Motorsports driver and Vice Chairman along with NBA legend Michael Jordan’s advisor.

Curtis Polk (Michael Jordan’s advisor) stated that the interest between the teams and the sponsors was on the wrong trajectory.  Due to this, teams and their economic models were not of sound nature. He suggested that at one point teams would have to look at their financial models and create more sustainable and stable means in order to sustain themselves for the long run.

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At the moment majority of the money used to run the teams comes from sponsors. However, in cases such as that of Kyle Busch, where the sponsor decided to bail from the sport, uncertainty soon started to loom over the JGR driver. This is the exact problem with the current financial model, that fact that if sponsors bail, a team could come crumbling down to the ground and that needs to be changed as soon as possible.