IndyCar finalizes charter system

[greg]

New Era: Charter System Established for Team Owners

Owners of 10 teams have accepted charters for 25 entries, beginning immediately.

www.indycar.com

 

[jwamplerusa]

OK, someone explain this charter system for one who is not into racing. They are not turning Indy car into F1, are they?

 

[55fairlane]

A chartered team is a guaranteed starting position on the grid. This squeezes the little guy out. Now granted there are few little guys in INDY car, but still.....I'm a better racer, better car, you who have a trillion dollars just shoved me off the track

 

[greg]

OK, someone explain this charter system for one who is not into racing. They are not turning Indy car into F1, are they?

Read here…

https://m.facebook.com/story.php?story_fbid=pfbid02GzdBZ7T91AERbsGjYUVidEFXAVJkjFKo4zVmPVRmcpW1JkkbP56QfULtPFHhQm4ql&id=100064915952995

 

[bgcatty]

It’s all about the big boys protecting their turf and income streams from all sources surrounding INDYCAR. It’s always about:
Show me the money!

 

[BigRed]

Remember when IRL was established to go against CART and open the sport for the "grass roots" teams?

 

[Destro]

OK, someone explain this charter system for one who is not into racing. They are not turning Indy car into F1, are they?

Think of a charter like a franchise in other sports. It creates artificial scarcity that creates a value.

I think one thing to consider, often when a race team closes, their assets are simply auctioned off for pennies. A team could spend millions and recover very little of that investment. A charter helps build something long term.

There are facets of charters I dislike, but I understand them from a business perspective.

 

[greg]

Remember when IRL was established to go against CART and open the sport for the "grass roots" teams?

The Callahan Report: Editorial

 

[Mikey1911]

And so the notorious "25/8" allocation of starting positions for the Indianapolis 500, which so offended Penske, Patrick, Gurney, Haas, et al, has been resurrected--by a Penske entity??

 

[rhamersley]

And so the notorious "25/8" allocation of starting positions for the Indianapolis 500, which so offended Penske, Patrick, Gurney, Haas, et al, has been resurrected--by a Penske entity??

Some animals are more equal than others...

 

[Destro]

And so the notorious "25/8" allocation of starting positions for the Indianapolis 500, which so offended Penske, Patrick, Gurney, Haas, et al, has been resurrected--by a Penske entity??

??

The new charter system will require qualification on speed for Indy. There are no guarantees for Indy.

 

[HoughMade]

And so the notorious "25/8" allocation of starting positions for the Indianapolis 500, which so offended Penske, Patrick, Gurney, Haas, et al, has been resurrected--by a Penske entity??

The article in the OP says that the 25 guaranteed spots DO NOT apply to the Indianapolis 500.

 

[Mikey1911]

The article in the OP says that the 25 guaranteed spots DO NOT apply to the Indianapolis 500.

We shall see what happens when next May rolls around.

 

[Shadow01]

Existing teams fear upstarts taking money from their pockets.

 

[DCR]

Remember when IRL was established to go against CART and open the sport for the "grass roots" teams?

Oh yeah, we want to keep the foreigners out of indycar. kakakaakak

 

[rhamersley]

Existing teams fear upstarts taking money from their pockets.

Yep

An entry also must be chartered to qualify for the annual NTT INDYCAR SERIES Leaders Circle program – an annual award program that compensates the 22 top finishers in the prior year’s NTT INDYCAR SERIES championship.

So, a small unchartered team finishes 15th in the series, no extra compensation. Seems fair...