HondaRacing
American Honda Motor Co., Inc.
1919 Torrance Boulevard
Mail Stop: 500 - 2N - 7D
Torrance, CA 90501-2746
Monster Energy
Jason McCormick (Monster Army)
P.O. Box 8500
Corona, CA 92878-8500
Monday, March 30, 2009
Assignment 8: Financing Sources
The best option for financing the creation of a racetrack would most likely be either a car manufacturer, car part manufacturer, or other large company who could benefit from putting their name on something that would get a lot of event and media attention. With colaboration with public and club events, and hopefully the incorporation of bigger events such as NOPI, Formula 1, Formula D, and NASCAR road racing, funding for the shop and track could be financed by larger corporations. And should financing not be provided for the clubhouse on the track grounds, a bank loan could be used after generating significant revenue from the track and shop (in the event that not enough profit has been made to construct and finance a clubhouse).
HondaRacing
American Honda Motor Co., Inc.
1919 Torrance Boulevard
Mail Stop: 500 - 2N - 7D
Torrance, CA 90501-2746
Monster Energy
Jason McCormick (Monster Army)
HondaRacing
American Honda Motor Co., Inc.
1919 Torrance Boulevard
Mail Stop: 500 - 2N - 7D
Torrance, CA 90501-2746
Monster Energy
Jason McCormick (Monster Army)
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This might have been a strategy 4 years ago but is no longer plausible given that 2 out of the 3 auto manufacturer's in the United States are technically bankrupt and that every other auto maker is under severe financial pressure. Let's try to find a non auto related financing source.
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