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17 Mar 2020, 22:40 (Ref:3965084) | #1 | |
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Join Date: Oct 2008
Posts: 1,350
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Postponed
Speedcafe reporting that Symmons Plains, New Zealand and Perth events are postponed until later in the year.
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17 Mar 2020, 23:16 (Ref:3965092) | #2 | ||
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Join Date: Feb 2003
Posts: 1,661
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So if my sponsorship $$$ payable to Team XYZ depends on engagement and exposure and there is none, do I cancel the cheque??
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Punters Beer Fest. Indy 02, Clipsal 03, Winton 04, Paperclip 05, Darwin 06, Oran Park 07, Phillip Island 08, Sandown 09, Townsville 10, Symmons 11, Eastern Creek 12, Winton 13. Townsville 14. Paperclip 15, Sandown 16, Symmons 17, PI 18, The Bend 19 |
17 Mar 2020, 23:42 (Ref:3965098) | #3 | ||
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Join Date: Sep 2005
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One would assume sponsors would be more sympathetic than that
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18 Mar 2020, 01:24 (Ref:3965115) | #4 | ||
Racer
Join Date: Aug 2006
Posts: 306
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Sympathetic? Probably.
Generous? Probably not. They are paying for the delivery of something, usually advertising/exposure. Depending on the precise terms of the contract, breach clauses etc, if they are not getting what they are paying for, and they are also being affected by sales slides (unless toilet paper manufacturer), they will have to act because their shareholders will expect/require them to do so. |
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18 Mar 2020, 01:48 (Ref:3965118) | #5 | ||
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Join Date: Jul 2006
Posts: 4,117
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You would expect that if sponsors pay for 20 races, and only 15 go ahead, then a portion (25%??) of the sponsor cheque may be reimbursed? Teams still get paid a portion, and the vast majority of team cost is race meeting related, if they don't race, no component replacement/travel/accomodation/crash damage replacement required
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In the words of the Great Forrest Gump: I'm not a smart man, but at least I know where the Dog on the Tuckerbox is |
18 Mar 2020, 03:07 (Ref:3965136) | #6 | |
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Join Date: Dec 2015
Posts: 854
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Shame Gen 3 isn't sorted, would be a perfect time for team personnel to make some headway. With limited testing, what else are they going to do?
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18 Mar 2020, 09:25 (Ref:3965169) | #7 | |
Veteran
Join Date: May 2007
Posts: 3,215
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A bit hard to do stuff like that if the cash flow is removed. Sponsors who have their cash flow interrupted will not be keen to part with any they don't have to. If they thought they had budget problems before they ain't seen nothing yet.
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18 Mar 2020, 09:29 (Ref:3965170) | #8 | |
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Join Date: May 2007
Posts: 3,215
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A decision has been made! At least they are optimistic if not realistic, watch the calendar get packed into the last few months of the year with good intention but little hope of it being completed.
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18 Mar 2020, 10:24 (Ref:3965179) | #9 | |
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Join Date: Mar 2004
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21 Mar 2020, 12:48 (Ref:3965979) | #10 | ||
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Join Date: Apr 2003
Posts: 1,511
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How many sponsors will go broke during this period?
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What if there were no hypothetical questions? |
22 Mar 2020, 01:59 (Ref:3966062) | #11 | |
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Join Date: Dec 2007
Posts: 657
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https://www.speedcafe.com/2020/03/22...-valley-event/
The Northern Territory will require interstate arrivals to self-isolate for 14 days as part of new coronavirus measures which its police commissioner expects will last at least six months. Supercars is slated to race in the Northern Territory capital on July 17-19, when the BetEasy Darwin Triple Crown would take place at Hidden Valley Raceway. |
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'We've paid the price': Stop calling us cheats all-conquering and highly controversial Ford Mustang |
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