| Forbes ranks Hendrick top value in NASCAR |
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| Written by Admin |
| Wednesday, 23 February 2011 15:42 |
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NEW YORK (AP) - Forbes' annual rankings show that Hendrick Motorsports is the most valuable team in NASCAR for the third consecutive year. Forbes' report released Wednesday showed NASCAR's top team was worth $350 million. But the report finds the average team value has declined 5 percent over the past year because of declining sponsorships. Roush Fenway Racing is again ranked second at a value of $224 million, and Richard Childress Racing is ranked third at $158 million. Joe Gibbs Racing ($152 million) and Penske Racing ($100 million) round out the top five. Forbes says the average team is valued at $136 million and generated an average of $89 million in revenue last year. Forbes ranked three Hendrick drivers as the highest paid in NASCAR. Dale Earnhardt Jr. is first at $29 million, followed by Jeff Gordon ($25 million) and Jimmie Johnson ($24 million.) Tony Stewart was fourth at $18 million and Kevin Harvick fifth at $15 million. --- On the Web: www.forbes.com |
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