How much did the Nascar Chicago Race inaugural racing overflowed with a $ 25,000,000 budget?

NASCAR -I bold step into the street races, and its future in international markets under great supervision after financial outburst from Nascar Chicago Street inaugural race. The race, held at the Center of Chicago 2023, was NASCAR’s first attempt at the street circle and became a talk point while the series is now preparing for its first paid points of modern era A series of cups Event outside the US, in Mexico City.

The race poured over its budget by more than double. Nascar was initially planning to spend between $ 15 and $ 25 million on an event in Chicago. But the actual costs have exceeded about $ 50 million, according to Jeff Wohlschlaeger, former head of NASCAR, which confirmed the Blackbook Motport number.

The Chicago race was designed as a landmark – Nascar -first street race, a television spectacle with urban attraction and a possible draft for future events in new markets. Instead, he exposed the gaps in planning, logistics and budget. The original budget range has proven to be too optimistic.

“We have not been able to predict the level of work that will be needed,” Wohlschlaeger said.

The overwhelming costs included everything from construction and security installations to local permits, safety, cleaning and marketing. Because Nascar promoted the event directly, he had to switch a full financial burden – something that is not repeated with the Mexico City race.

Race in Mexico City, Viva México 250, will promote not Nascar, but Oseca, the same group that resolves Formula One event in the same place. This shift reduces NASCAR’s financial exposure as he entered a partner with an expertise on the field.

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Nascar’s Cup Series move to Mexico – but not further

The Cup series moved to Mexico is historical. But don’t expect Nascar to jump over the ocean soon. Explained Executive Vice President Ben Kennedy That sports logistical requirements limit how far it can go – and how fast.

Nascar may be spreading, but it makes it cautiously. Speaking Blackbook motorsportBen Kennedy pointed out why the Cup series does not plan to race in Europe or Asia – at least not yet.

“The amount of stock we carry out through the schedule of the Kupa series, makes it difficult for us to travel from the United States abroad, pack our things, and then return next weekend, seeing that we have 38 (races),” he said.

In short, NASCAR -OV full of calendar – 38 events for about 40 weeks – leaves some space for international trips. Each week is important, and sports equipment, teams and logistical operations work on a tight turnaround.

Kennedy confirmed that the international spread of Nascar will focus on North America. These include potential races in Mexico, such as this weekend Viva México 250, and maybe Canada in the near future.