The Cost of Racing | FerrariChat

The Cost of Racing

Discussion in 'Other Racing' started by Napolis, Feb 12, 2008.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    I have been investigating the cost to run a single entry at Le Mans in 09 and have found that things have really changed.

    In 1971 Mr. Chinetti offered me a seat at Le Mans in a 512S and what was left of the car after the race including spares for 22K. The even stranger thing was that at the time I had never driven any car on a race track.
     
  2. ferraripete

    ferraripete F1 World Champ

    jim,

    who would you have been co-driving with? tony a. or morton, or ???

    and yes, times have changed.

    pcb
     
  3. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    Bob Grossman? Coco?? Those were the days...
     
  4. ProCoach

    ProCoach F1 Veteran
    Owner

    Sep 15, 2004
    5,465
    VIR Raceway
    Full Name:
    Peter Krause
    Jim, that's the figure he needed for the total effort for that car, right? Wow...

    The tire budget for a GT car at Daytona is near twice that, now.
     
  5. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    That's the number he asked for the ride, the car and the spares. In almost an after thought he asked: "You have a licence right?" This happened at the NY Auto Show. The 512S and a Black Daytona were on the stand. He was willing to sell me the Daytona for 18K. After the show he told Coco to let me drive it through Central Park.

    Different Times.
     
  6. b-mak

    b-mak F1 Veteran

    Motor racing is a different ball game these days, Jim.

    (couldn't resist the mixed metaphor)
     
  7. Rockyd

    Rockyd Karting

    Oct 5, 2007
    117
    San Jose
    Budget to run Rolex 24Hr Daytona is around 1mil if you want to be on front running .
     
  8. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    34,430
    Full Name:
    Joe Mansion
    Which car were you looking to run/drive ?
     
  9. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    Run, a Le Mans Coupe but it's unlikely.
     
  10. FLATOUTRACING

    FLATOUTRACING F1 Rookie

    Aug 20, 2001
    2,684
    East Coast
    Full Name:
    Jon K.
    It's actually much more depending on team. I was part of the #64 JLowe Racing team that came in 4th place (GT3 Porsche). Our car was part of the Racer's Group 7 car team. We spent close to 100K in tires for that race (includes testing). The total effort for one GT class team can be as high as $500,000 for the Rolex 24.
     
  11. ferraridude615

    ferraridude615 F1 Veteran

    May 4, 2006
    5,836
    Texas
    GAHHHHHHH, these tires companies must be raking in millions, if not tens of millions, per weekend.
     
  12. 360C

    360C F1 World Champ
    Lifetime Rossa Owner



    So a new Daytona was $18k at the time. A quick perspective in todays money would make the car and ride about $700k US for a one race deal.
     
  13. ProCoach

    ProCoach F1 Veteran
    Owner

    Sep 15, 2004
    5,465
    VIR Raceway
    Full Name:
    Peter Krause
    Whoops! I was going to say three times, but figured $65K might be too high. I'm remembering the old Goodyear 430 days... :)

    Jon, good to see you posting. Coming down South anytime soon? VIR in April?
     
  14. Papa Duck

    Papa Duck Formula Junior

    Jan 16, 2006
    351
    Las Vegas, NV
    Full Name:
    Carl
    I have some friends who are tire engineers at Goodyear who would disagree with you. The gross may sound pretty good, but the costs involved really limit the profit. The tires are hand made and insurance costs are pretty stiff. The Darrell Russell crash in NHRA in 2004 had a multi-million dollar settlement.
     
  15. jk0001

    jk0001 F1 Veteran

    Oct 18, 2005
    6,706
    Sun Coast
    Full Name:
    Jim
    If you need pit crew, I'm available!
     
  16. TooTall

    TooTall Karting

    Sep 15, 2006
    179
    So Cal
    Full Name:
    Kurt O.
    Sounds like Mr. Chinetti was looking to unload a soon to be obsolete race car. Before the boom in vintage racing, there was almost nothing cheaper than an obsolete race car.

    Kurt O.
     
  17. ProCoach

    ProCoach F1 Veteran
    Owner

    Sep 15, 2004
    5,465
    VIR Raceway
    Full Name:
    Peter Krause
    The "boom in vintage racing" started twenty-five years ago...
     
  18. Rory J

    Rory J Formula 3

    May 30, 2006
    1,133
    Exactly what I was thinking, but still... what an experience that would have been!
     
  19. Texas Forever

    Texas Forever Eight Time F1 World Champ
    BANNED Rossa Subscribed

    Apr 28, 2003
    85,600
    Texas!
    Jim, I don't suppose that you were thinking about running P 4/5 were you? That would be a hoot!

    Dale
     
  20. TooTall

    TooTall Karting

    Sep 15, 2006
    179
    So Cal
    Full Name:
    Kurt O.
    Absolutely! Every time I watch the film Le Mans I wonder what it was like to be hauling down the Mulsanne in a 911 doing 150 or so, at night, in the rain, and have a 917 or a 512 rifle past at nearly 250. Kinda makes the hair on the back of your neck stand up.

    Kurt O.
     
  21. jakermc

    jakermc Formula 3
    Owner

    Jan 17, 2004
    1,804
    Palm Beach, FL
    Full Name:
    Rob
    The fact that you are still alive and able to type leads me to believe you turned down this offer.
     

Share This Page