The NASCAR Way: The Business That Drives the Sport

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9780471183167: The NASCAR Way: The Business That Drives the Sport

From the bestselling author of The Warren Buffett Way, a revealing inside look at the booming business-and investment opportunities-of NASCAR

"Hagstrom's insights and observations bring a refreshing 'outside' business perspective to our industry."
--From the Foreword by William C. France, President, NASCAR

"From its origins in Daytona in the '50s to today's live network broadcasts for millions of devoted fans, Robert Hagstrom offers an in-depth look at the fastest-growing sport in the country. The NASCAR Way explains how and why dozens of Fortune 500 companies have been lining up to jump on board."
--Michael T. Hargrave, Senior Motorsports Manager, Anheuser-Busch, Inc.

"It is great to be associated with NASCAR, the France family, and for me to get paid for what I love-to race! In The NASCAR Way, you see a prime-time sport."
--Dale Earnhardt, 7-time NASCAR Winston Cup champion

"An accurate and entertaining perspective to the unbridled capitalism that has built NASCAR into the #2 sport in America after football."
--Bill Nielsen, Director, Promotion Development and Licensing, Kellogg USA, Inc.

"Hagstrom understands how our business works both on and off the track. His perception of our sport will have you racing through the pages on the edge of your seat. The book is definitely a winner!"
--Dale Jarrett, Winston Cup driver

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Review:

The author of The Warren Buffett Way gets behind the steering wheel of professional stock car racing--NASCAR, to be exact--making a few gushing laps around the track of America's largest and fastest-growing spectator sport. Although filled with plenty of local color, The NASCAR Way primarily focuses on the phenomenal financial success of a sport that began in the tiny, dirt-road hamlets of Dixie. Originally a way for moonshine runners to compete against each other by the light of day in informal--and legal--settings, stock car racing was organized by "Big Bill" France in the late 1940s under the aegis of NASCAR (National Association for Stock Car Auto Racing) but soon moved to the larger, asphalt tracks of today. A half-century after NASCAR's inception, the sport boasts lucrative corporate sponsorship, growing cable TV exposure, and fan loyalty to rival--if not surpass--that of every other professional sports organization. While the bottom line ultimately turns Hagstrom's crank more than the personality of the sport itself, the author still has fun with his subject: "Stock car drivers do things in cars that would make the rest of us faint. Try to imagine driving 100 miles an hour, then 120, then 160. Imagine keeping up that pace for three and a half hours.... Now imagine forty-one other cars around you, all doing the same thing, just inches away from you, scraping against the side of your car and nudging your bumper as they try to pass you. And you can never slack off."

From the Publisher:

A $2 billion industry, stock car racing is undoubtedly the fastest growing entertainment sports business in the country. From its legendary beginnings as souped-up transportation for moonshine runners to its current status as a commercial phenomenon, stock car racing has always been closely linked with business. Robert Hagstrom takes the first insider's view of the business side of this sport whose popularity has superseded baseball, football, and yes, even basketball.

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Robert G. Hagstrom
Published by Wiley (1998)
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