NASCAR Team Values Drop Except Hendrick Motorsports

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Jeff Gordon pulling into the garage area at Atlanta (photo courtesy Leon Hammack)

A Forbes’ report released Wednesday shows NASCAR’s top team, Hendrick Motorsports, is worth $350 million. But the report claims the average team value has declined $5 million over the past year.  Forbes magazine annual rankings show that Hendrick Motorsports is the most valuable team in NASCAR for the second straight year.  That organization has thoroughly dominated NASCAR’s Sprint Cup Series over the last 15 years!

Second in the rankings of NASCAR race teams is Roush-Fenway Racing valued at $238 million.  Third in value in the Forbes ranking is Richard Childress Racing valued at $153 million.  Coming in fourth place in the Forbes ranking is Joe Gibbs Racing valued at$144 million.  Rounding out the top five is Richard Petty Motorsports, a merged entity of Petty Enterprises, Gillette-Evernaham Motorsports, and Yates Racing valued at #124 million.

Forbes said that the NASCAR  race teams decreased in value an average of 10% since 2008, with the exception of Hendrick Motorsports.  Forbes also ranked three Hendrick drivers as the highest paid drivers in NASCAR.  The three drivers are Dale Earnhardt, Jr. earning $30 million, Jeff Gordon earning $27 million, and Jimmie Johnson earning $23 million in 2009.

TIL NEXT TIME, I AM STILL WORKING ON MY REDNECK!

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