• Latest
  • Trending
Lowndes: Main focus for Supercars is cutting costs

Lowndes: Main focus for Supercars is cutting costs

May 29, 2020
Meet Cormac Buchanan: the latest Kiwi on the road to MotoGP

Meet Cormac Buchanan: the latest Kiwi on the road to MotoGP

March 7, 2021
Speedworks announce new dates for Pukekohe and Taupo events

Speedworks announce new dates for Pukekohe and Taupo events

March 7, 2021
Van Gisbergen to miss GT Australia round after sustaining mountain biking injury

Van Gisbergen to miss GT Australia round after sustaining mountain biking injury

March 6, 2021
McLaughlin will win a race in IndyCar this year says teammate

McLaughlin will win a race in IndyCar this year says teammate

March 6, 2021
Scott Dixon “tried a few times” to make NASCAR debut

Scott Dixon “tried a few times” to make NASCAR debut

March 6, 2021
FIA publish findings into Grosjean’s fiery crash

FIA publish findings into Grosjean’s fiery crash

March 6, 2021
Williams reveal retro inspired livery

Williams reveal retro inspired livery

March 6, 2021
Jordan Michels to race in TCR NZ

Jordan Michels to race in TCR NZ

March 5, 2021
Le Mans 24 Hour postponed for second successive year

Le Mans 24 Hour postponed for second successive year

March 5, 2021
Ransley confirmed for 2021 TCR New Zealand gig

Ransley confirmed for 2021 TCR New Zealand gig

March 5, 2021
McLaughlin puts IndyCar career ahead of Bathurst co-drive role

McLaughlin puts IndyCar career ahead of Bathurst co-drive role

March 5, 2021
Monday, March 8, 2021
VelocityNews
Classifieds
Subscribe
No Result
View All Result
VelocityNews
No Result
View All Result

Lowndes: Main focus for Supercars is cutting costs

by Zane Shackleton
May 29, 2020
in Australia, News, Supercars
0

YOU MAY ALSO LIKE

Meet Cormac Buchanan: the latest Kiwi on the road to MotoGP

Speedworks announce new dates for Pukekohe and Taupo events

Craig Lowndes says the revised Supercars championship will ultimately benefit the field from a financial perspective and ensure the longevity of the sport as it begins to ride out the economic aftershocks of the pandemic.

The three-time series champion opened up on Fox Sports yesterday to admit the unexpected coronavirus-induced hiatus consequently put a significant financial strain on all teams.

The sport has already witnessed the shock departure of 23Red Racing and series stalwart Will Davison as primary sponsor Milwaukee was compelled to grasp the nettle and reassess their sporting activities.

Monetary issues have plagued Supercars in recent times with Network 10 reportedly set to walk away from its free-to-air television deal.

Peter Wiggs, founder of Archer Capital which remains the majority shareholder in the series, told the Australian Financial review earlier in the month that Supercars “has been a poor investment” for his company.

Interestingly, Lowndes also highlighted that even before the season suspension there was ongoing discussions about reducing the number of rounds staged on the calendar in a bid to reduce overhead costs.

“There is talk about reducing the amount of rounds held per year and all this talk going on behind the scenes before we got into this lockdown,” Lowndes told host Matt Suleau.

“But post this lockdown and when we go to Sydney Motorsport Park, which will be a two-day event, we can really look forward to shorter, sharper races. Whether it will be a two or a three-race format I am not one hundred per cent sure.

“And it really is something where the main focus is on trying to cut the costs and keep the teams viable.

“We have heard at the moment that at Team 18 they are on the verge of whether they are going to continue, and there is also a number of other teams that are on that verge.

“So, the main thing now is trying to keep this viable for everyone to continue racing in Supercars.”

23Red Racing pulled the plug on their Supercars operation having completed just one round

Lowndes went on to add his opinion on how the unique 2020 season will play out from a championship standpoint.

 “To be honest I think for teams like BJR and Tickford the shorter period will definitely help them from the financial side of it.

“But I think at the end of the day Team Penske, Red Bull and even Walkinshaw United who have the best cars will still come to form. So, it will be interesting to see.”

The 2020 Supercars season is set to resume with its third round from Sydney Motorsport Park on June 27-28 as a Television-only affair.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Meet Cormac Buchanan: the latest Kiwi on the road to MotoGP

Speedworks announce new dates for Pukekohe and Taupo events

Van Gisbergen to miss GT Australia round after sustaining mountain biking injury

McLaughlin will win a race in IndyCar this year says teammate

Scott Dixon “tried a few times” to make NASCAR debut

FIA publish findings into Grosjean’s fiery crash

Bringing you the latest motorsport news in New Zealand and around the world

Managing editor and publisher:
Mark Petch mark@velocitynews.co.nz

Motorsport Editor:
Matthew Hansen matt@velocitynews.co.nz

Motorsport Editor:
Alex Schultz alex@velocitynews.co.nz

Motor Racing Editor:
Zane Shackleton zane@velocitynews.co.nz

  • About
  • Advertise
  • Privacy & Policy
  • Contact Us

© 2020 VelocityNews - Independent New Zealand and International Motorsport news.

No Result
View All Result
  • News
    • International
      • Formula 1
      • Formula 2
      • Formula 3
      • Formula E
      • Esports
      • Super GT
      • Super Formula
      • TCR
      • WEC
      • GT
      • Porsche Carrera Cup
      • BTCC
      • DTM
      • IMSA
      • IndyCar
      • NASCAR
      • WRC
      • MotoGP
      • Motorcycle Racing
      • Classic
    • New Zealand
      • Toyota Race Series
      • Toyota 86
      • Rally
      • Speedway
      • Drifting
      • Formula Ford
      • Formula First
      • TCR NZ
      • TransTasman V8 Series
      • V8 Utes
      • GTRNZ
      • Central Muscle Cars
      • Pirelli Porsche
      • Mazda Racing Series
      • NIERDC
      • SIERDC
      • SsangYong Utes
      • Kartsport
      • NZ General
    • Australia
      • Supercars
      • Super2
      • Australian V8 Touring Car Series
      • S5000
      • Australian GT
      • TCR AU
    • General
  • Features
    • Features
    • Opinion
    • Profile
    • Race Cars
  • Calendar
  • Results
  • Velocity TV
  • Performance Cars
  • Classifieds
    • Classifieds
    • Post Classified
    • Manage your listings
  • Jobs
    • Jobs
    • Post a Job
    • Job Dashboard

© 2020 VelocityNews - Independent New Zealand and International Motorsport news.