I was checking out some of the interesting investments on the InvestInMe platform when I came across a property near me that had lots of attention. It was the North Wilkesboro Speedway track in North Carolina, USA. The more I looked into it, the more I realized it was a golden opportunity to invest in sports. I looked into how to invest in a sporting venue and tried to work out the details of the purchase.
Why Invest In A Sports Venue?
The first thing that came to mind when I thought about investing in a sports venue was that I had never done so before. It’s always been my habit to buy and sell something I understand well enough to feel confident in navigating the ups and downs of the market. Being a fan of professional football, I knew that the Carolina Panthers would be back to play the Denver Broncos in Denver in January 2022. I looked into how I could make money from this upcoming event. Unfortunately, the day of the game fell on a Sunday, so it was a day off from the stock market. On Monday, I got a rude awakening when the markets opened and the price of Panthers stock had fallen 17%.
I thought about what had happened and decided to look for another opportunity. A few days later, I found a website for the Portland Trail Blazers, and learned that they would be playing the Los Angeles Lakers in Portland in January 2022. This looked like a golden opportunity to make some money. Once again, the problem with exploiting short-term buying opportunities is that the longer you wait, the harder it is to find a good deal. This time, I had sat on the fence for too long and missed out on a good investment. The damage was already done. So, I decided to take a pass on the Trail Blazers – Lakers game.
What About The North Wilkesboro Speedway?
The next day, I focused on the North Wilkesboro Speedway. It’s a 1.25 mile track in North Carolina that hosts NASCAR racing. I was curious about how the whole thing functioned, so I started doing some research. It turns out that this was a track that had changed hands several times in the past. One of the most recent purchasers was a company called Haas Motorsports. The company purchased the track for $12.8 million in December 2021.
It seemed like a good opportunity to get into the motorsport industry, so I decided to investigate further. I found out that ticket prices for NASCAR events were relatively affordable, and that there were several opportunities to make money in ways that didn’t involve sports betting.
How Did I End Up Investing In NASCAR?
As I said, I try to always do my research before buying a stake in anything. I came across a small article about NASCAR in the Winston-Salem Journal. It mentioned that Haas Motorsports planned to spend $15 million to improve the track and turn it into a “world-class facility”. My first thought was that this sounded like a wonderful business opportunity. I tried to find the price for a single-day ticket, which I thought would be a good benchmark for future investments. I found out that a regular NASCAR ticket cost around $10 for kids and $35 for adults. This seemed pretty good to me. I have a feeling that prices will increase as the track expands its sponsorship deals and purses.
So, I decided to look for other investing opportunities in motorsport. It turns out that there were several other racing options available, including the Monster Energy NASCAR Cup Series, the NASCAR XFINITY Series, and the NASCAR Camping World Truck Series. I decided to look into the Monster Energy NASCAR Cup Series. I found out that the cars were very expensive to buy and maintain, and that there weren’t many good investment opportunities in this series.
The Advantage Of Investing In NASCAR
I was particularly interested in the NASCAR Cup Series, mainly because I knew that there would be several good investment opportunities. I like to look for industries where I can make money no matter what happens. For example, whenever there is a major rain storm that disrupts normal activities, fans will often look to place a bet on the outcome. I have a hunch that there are similar opportunities in racing. I think that since I live in North Carolina and have a soft spot for NASCAR, it would be a great place to invest. Not only do I have the opportunity to purchase low and sell high, but I can also enjoy the races with my family and friends. This is the kind of investing opportunity that I like. It provides lots of versatility.
Another advantage of investing in NASCAR is that the price of the tickets is relatively affordable. It doesn’t cost a fortune to attend a NASCAR race. This is important because it means that there is plenty of money to be made without needing to resort to expensive betting or PAPER money (i.e. you can enter a wager with cash).
I decided to skip the Monster Energy NASCAR Cup Series and look at other options. I came across the NASCAR XFINITY Series and was immediately interested. I looked into the cost of attending a NASCAR XFINITY Series race and saw that it was relatively affordable. The trucks don’t have the kind of sponsorship that the Cup Series has, so it is less expensive to attend a XFINITY Series race. This was an opportunity to make some money without needing to put in as much effort as I would for a Cup Series race. This is why I prefer to purchase undervalued assets. It makes the whole process a lot simpler.
Where Can I Buy A Ticket To A NASCAR Race?
As I said, I try to do my research before buying a stake in anything. Sometimes, it’s difficult to know where to look. I have a feeling that most places will be bought out by ticket brokers and scalpers within a few days of the event. If you want to purchase a ticket to a NASCAR race relatively cheaply, you should look at the secondary market. There are lots of opportunities to make money online by buying and selling tickets. Some of the best places to find low-priced tickets are the StubHub and SeatGeek platforms. If you’re looking for a place to watch the races, I would suggest you search for tickets on the secondary market. It’s usually best to purchase tickets in blocks of 10 or less. This way, you can be sure that you’re getting good value for your money.