Quote:
Originally Posted by johngee
I don't think that entry fees should be based on the perceived wealth (or othewise) of entrants or potential entrants. There is a direct cost which is largely made up of 'circuit hire' or 'track time', which is (or should be?) the same for all.
Surely, for a promoted meeting, which generates substantial public spectator revenue, the motive should be to attract the best possible entry, regardless of the wealth of the entrants.
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In Australia, the historic race meeting promoters tend to use the same budget model. The cost of staging the event, track hire, insurance/permits, secretarial/admin, official's lunches, equipment rentals etc. are covered by the entry fees and any gate or sponsorship is profit for the organisers.
That way, if the pre-event costings are accurate and worst case scenario, there is no sponsorship and no one turns up to watch, the organisers still break even.