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Our next guest needs no introduction but we're -- -- introduce him anyway because that's what we do Michael Waltrip has won the Daytona 500 couple times he owns Michael Waltrip racing.
He's one of the most well known drivers in the United States really one of the -- almost alone business owners now in the United States because NASCAR.
Is not a -- business as you can get Michael Waltrip or special master on Fox Business -- We're happy to have you thanks for coming in quite -- that's not in the right that I know I -- had to do it even though everybody everybody know together from the myriad of commercials on and actually I'm happy to see you're still doing commercials because a lot of talk with the economy.
That NASCAR you know all the cars are gonna be -- -- be known name on -- -- we have -- -- -- great cars driving around the 500 looks like business is still holed up.
I think NASCAR's survive these tough economic times as good as any sport could have hoped to.
We get Michael Waltrip racing have been able solve all our sponsors -- raider nation to tennis at the same level we did -- note that in no way.
One our first race last year at the at a car owner that was that was a real honor and probable in the Coca-Cola 600 -- one -- my sponsors so.
We've got a lot of good things happen and -- and parts seamen and looking forward to the challenges that NASCAR presents for us.
But you gotta say that again Michael you have 100%.
-- -- Of your sponsors and then added some how did you do that.
Like take us through the process could you went through some tough times initially where you lost some your Vick sponsors like in the home.
Well the dominoes of the partners and so for and that's the key actually my sponsors as as total partners were friends.
In most cases I know the president CEOs of the companies and we can talk about how we're gonna use that race -- to sell more their products.
NAPA Auto Parts that are there two years sponsor my car I'm very proud of the relationship there and we built relationships that -- allowed us to go through that.
Bit of the tough times we did in 07 we started our team.
And then -- oh wait we got stabilized so -- -- was tremendous growth.
Tremendous result on the track and that we are beginning now the to be able to pay those those friends and those sponsors backed by in a lot of TV time and doing some good things on the track or are they driving harder bargains.
Ever -- I think -- you know win.
You get tougher when when things there are hard obviously and we've understood how to.
Be smarter -- I like in the fact that I have to condition myself physically to go race the car.
And we've been conditioning ourself on the business out on the financial side to make sure we could say about these -- I think that allow us to go forward smarter.
I hate to say we were spending money irresponsibly before but we certainly are going to be more conscious as we go forward -- how we're gonna spend those dollars.
Yes you know people are trying to find the best bargain they can get across what -- started NASCAR point five years ago a sponsor's sponsored a car.
And then they sponsored for the whole year and that's the way it was now you have got that are just two companies that are to sponsor race here race they're trying to figure out how to maximize their dollars the best.
And we had a Michael Waltrip racing we're in that whatever they wanted to if they if they wanna be a partner with us than we wanna have more cars and a minimum what does it cost to have obtained.
I think our budget is somewhere north eighty million dollars to race in 2000 -- so when when we started the team obviously you have to have a lot of the next intellectual property does the folks you hire very talented Smart folks we built -- Huge building in North Carolina just outside of Charlotte.
That houses our race cars lots of equipment obviously to -- those cars so.
The cool thing is.
I can't do that you know back and say I want to go race the Daytona 500 against those guys -- back and build me a card show up in Daytona and you -- -- cannot play the Yankees I can't play the cowboys but but but -- and -- race the Daytona 500.
True free enterprise and I'm -- the -- that we were able to establish ourselves and a.
In the field yes a big names behind you to -- with -- and Napa and Clorox big big companies.
If you look back let's signal that the the last fifteen cars in the -- lot of those teams who are really struggling.
-- do you see NASCAR needing to its another with the car tomorrow there working on a spec car which maybe you love or hate but do we need more parity.
So that the guys you know that are that are qualifying.
Have a chance well I.
I think it's more it's more competitive today than it's ever been.
You know when you talk about the last -- Jimmy Johnson haters might disagree -- that well for in a -- let me let me -- you a little story.
Carl Edwards won nine races and -- wait and he didn't win any you know -- couldn't win I mean I doubt that they were favored to win the championship.
I didn't find that to be totally.
Unusual that's how tough this business is battle Jimmie Johnson has done for Tom that are -- amazing.
So take -- -- and out of the mix and look at the whole the whole sport and we have more lead changes we have more.
Winners we have more competitive in the points from top to bottom.
So the sport is healthy there's a lot of cars that can lot a lot up and win the Daytona 500 come -- Edwards fourteen on fox -- end -- -- -- -- -- -- -- -- they don't like you right now at Daytona this year larger restrictor plates are gonna let you -- gap on the bigger tracks and I can.
I don't know if I'll watch Daytona and Talladega last year Britain -- like to me on the last lap we're all turning over -- and it it was a funeral procession.
It was just move a lot of cars the whole race well -- in.
With the clock was ticking though and if your race -- governor Lincoln who.
There's another lap.
Billions coming at it get ready get crazy so we are race and -- our gloves off at Daytona and Talladega you're gonna see an amazing race the bigger restrictor plate.
Is going to be fine for Daytona because they told us the real track where you have to handle in the turns your -- -- does this is not is to give and it's gonna go around those corners so.
A lot of strategy comes into play in Daytona.
And I want it couple we -- -- -- you didn't he just line that was often when -- when I heard you felt that yeah well hey I've heard from day.
It's fan too I like the Australian V8 super car series of road course -- so.
Good luck to Marcos Marcos and I went to Dubai and raced toward part of the backup thanks for the night that we shouldn't or batten down your credentials after -- got -- I was able to go to -- Michael Waltrip -- talk after in the commercial.
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