Thu Feb 24, 2011 12:40 am
Forbes ranks Hendrick top value in NASCAR= Tony 4th
NEW YORK (AP)—Forbes’ annual rankings show that Hendrick Motorsports is the most valuable team in NASCAR for the third consecutive year.
Forbes’ report released Wednesday showed NASCAR’s top team was worth $350 million. But the report finds the average team value has declined 5 percent over the past year because of declining sponsorships.
Roush Fenway Racing is again ranked second at a value of $224 million, and Richard Childress Racing is ranked third at $158 million.
Joe Gibbs Racing ($152 million) and Penske Racing ($100 million) round out the top five.
Forbes says the average team is valued at $136 million and generated an average of $89 million in revenue last year.
Forbes ranked three Hendrick drivers as the highest paid in NASCAR. Dale Earnhardt Jr. Is first at $29 million, followed by Jeff Gordon ($25 million) and Jimmie Johnson ($24 million.)
Tony Stewart was fourth at $18 million and Kevin Harvick fifth at $15 million.
On the Web: www.forbes.com
Forbes’ report released Wednesday showed NASCAR’s top team was worth $350 million. But the report finds the average team value has declined 5 percent over the past year because of declining sponsorships.
Roush Fenway Racing is again ranked second at a value of $224 million, and Richard Childress Racing is ranked third at $158 million.
Joe Gibbs Racing ($152 million) and Penske Racing ($100 million) round out the top five.
Forbes says the average team is valued at $136 million and generated an average of $89 million in revenue last year.
Forbes ranked three Hendrick drivers as the highest paid in NASCAR. Dale Earnhardt Jr. Is first at $29 million, followed by Jeff Gordon ($25 million) and Jimmie Johnson ($24 million.)
Tony Stewart was fourth at $18 million and Kevin Harvick fifth at $15 million.
On the Web: www.forbes.com
Those who intentionally live off another’s labor will always want more free stuff!
