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NASCAR Just Opened Up Pandora's Box By Disclosing Their Profits | Coffee With Kenny · Kenny Wallace Media

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  Happy Thursday morning, everybody.
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  We're going to go back to saying that, you know what happens is
• 0:10
  Coffee with Kenny became successful on its own.
• 0:17
  And then when it became successful, I had people telling
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  me, get to the point, shorten your stories up.
• 0:26
  So I tried it and now I have people saying, Kenny, we miss
• 0:31
  you saying happy Thursday morning, everybody.
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  So we tried a couple things and I would get right to the story.
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  Just like the man that owns a Rocket Chassis over there in
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  Virginia or West Virginia. I know not to mess with both of
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  those. You either say Virginia or West
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  Virginia. Don't, don't leave them out.
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  They still fight in the Civil War.
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  Mark Richards. Mark Richards said to me not
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  long ago, maybe a couple months ago.
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  He goes, Herman, don't change what you're doing.
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  That's why you're where you're at.
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  So coffee with Kenny. We're not going to change it
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  because a couple people want me to hurry up and get right to the
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  point at 8:00 in the morning, 8:00 in the morning, and you
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  want me to hurry up. That's why I'm drinking coffee
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  is to wake up. So happy Thursday morning,
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  everybody. All right, today's subject
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  matter is NASCAR. Now, what I'm going to say today
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  is going to be dead ass neutral and I'm not being mean to
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  anybody one way or the other. But I called this, I said this.
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  I'm not pat myself on the back. And I think it's very sad.
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  I want to make sure everybody understands that.
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  I think what I'm going to say today is sad capital, SAD
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  because of everybody's ego. You know, we've opened up NASCAR
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  has opened up its own Pandora's box.
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  Did you know what Pandora's box means?
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  If you Google it, it's a mythical like Greek, Roman
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  mythology. It means if if you open up all
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  the, you know, bad things will happen.
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  That's one reason you never let anybody know what kind of salary
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  money. They always say don't talk about
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  money or religion because that's what drives people crazy.
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  So here we are. NASCAR opened up its own
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  Pandora's box. Will, will it, Will it
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  throughout? Will it create evil?
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  And will it, will it be bad? So yesterday evening, late,
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  maybe after six O clock in the evening, NASCAR opened up its
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  own Pandora's box. So we're going to put the old
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  coffee mug down. I printed it off.
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  Here it is. Let it speak for itself.
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  NASCAR post 103 million profit in 2024.
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  Here it is. NASCAR had to make a financial
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  statement and that's what they were trying to try not to do for
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  some reason. This this lawsuit has gone too
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  far. And if you remember, the judge
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  said y'all are going to burn the house down.
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  They're still trying to solve this, but they're getting close
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  to burning it down right now. So I'm going to read a little
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  bit here. So NASCAR's financial statements
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  released as part of an antitrust lawsuit.
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  So here it all is. See there.
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  OK. You, you don't have your glasses
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  on, so you can't read it. Basically, I'm going to, I'm
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  going to hit the highlight for you.
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  I'm, I'm going to go right to where you want to know.
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  Total revenue hit 1.7 billion, led by NASCAR received one point
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  O 4 billion. From all the TV channels, they
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  received one point O 4 billion in TV in that they call it
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  meteorites from Fox, NBC and Amazon.
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  While the expenses reached 1.6 billion, resulting in a 6%
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  margin, basically saying that they made they made they they
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  received 1.7 billion, but they spent 1.4 billion.
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  Hey, I drove the cantaloupe truck in I didn't fall off of
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  it. You you can write off anything
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  you want. You can say it all.
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  So good job NASCAR. You brought in 1.7 billion and
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  you you spent 1.4 billion. Did you?
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  OK, OK, Operating cash flow reach 257 million and a new
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  media deal starts in 2025. We'll add 300 million annually.
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  Now, remember what I said about Pandora's box?
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  Now everybody's all over social media telling NASCAR what to do.
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  Oh, by the way, by the way, hey, word, Word of the year, 6/7,
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  6-7. Hey, it's word of the word of
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  the year. I see.
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  And I, I took and I went to my grandbabies.
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  Kim and I went to the grandbabies.
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  You went to Mila and Lottie's. And we're sitting there and
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  right next door in the lunchroom, this other class goes
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  Kenny, Kenny, because I was the race car driver.
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  It was so awesome. They said, do you know what 6-7
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  is? And I went, yeah, 6-7.
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  And the classroom went nuts. They went crazy to where the
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  teacher had to get grab the microphone in the lunchroom.
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  And and when they go crazy, they all got to put their hands in
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  there and they go refocus. Refocus.
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  I'm 62 years old. I got I got in trouble.
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  Hey, Kenny, do you know what 6-7 means?
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  Yeah, I do 6-7. So anyway, I heard that today is
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  they said today is 6/7 is word of the year.
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  I'm going to leave you with something very heavy.
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  I'm going to leave you with something very heavy.
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  I want to see if you listen. But you got to listen, right?
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  You know Julius Caesar, Julius Caesar was a dictator of the
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  Roman Empire and they they awarded him dictator.
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  So in other words, the Roman Empire, they said, Julius, we
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  award you as the leader, the dictator.
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  That's the way they did. So he became the dictator and he
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  ruled and everything was going good, even though he's a
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  dictator. Now, see, I want to be clear.
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  America has great rules from our forefathers.
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  So America had great rules put in place.
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  We don't believe in dictatorship here because our rules are so
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  good. We don't need a dictatorship.
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  We vote somebody in as our president every four years.
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  So this is about NASCAR. Hang with me.
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  So anyway, Julius Caesar became a dictator.
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  They allowed it. He, he dictated the Roman Empire
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  for 10 years. Well, right across from the
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  Coliseum is the Roman Forum. That's kind of like their
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  Washington, DC. So when you become a dictator,
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  you start doing your own deal. And the Roman Forum, all the
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  senators, they got together and they said we're going to kill,
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  let's kill Julius Caesar because he's becoming too powerful.
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  He's doing the wrong things. Let's kill him.
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  So they stabbed him and they all got had blood on their hands and
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  the rule was they all had to have a knife and they all had to
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  stab him. So they killed Julius Caesar
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  because they felt like he was getting too much power.
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  That was it. Remember they voted him in.
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  They said we want Julius to be the dictator. 10 years went by.
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  They felt like he was doing some wrong things.
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  Nothing real bad, just he was dictating too hard so they
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  killed him. Now NASCAR was ruling and they
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  were ruling hard and they opened up Pandora's box by giving these
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  teams what they asked for. They gave them the charter
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  system. And there's that old saying, be
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  careful. You give them an inch, they take
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  a mile. The rules were not in place
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  properly at NASCAR for them to open this up and give them a
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  charter. So the similarities between the
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  Roman Empire and NASCAR are strikingly scary.
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  So you see what happened. Here's the moral story.
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  Not long after they killed Julius Caesar, the Roman Empire
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  come falling down because they didn't have good rules in place.
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  NASCAR had good rules in place, and then they ruined it by
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  opening up a charter system. When you give somebody an inch,
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  they take a mile. Now, hopefully things will turn
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  out for the better, but right now this is not good because
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  everybody in the industry does not like this.
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  Respond right here. Did NASCAR mess up by giving out
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  charters? I just gave you an example of
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  the Roman Empire. Everything was going good.
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  Everything was going good. And then when they killed Julius
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  Caesar, that was the end of the Roman Empire.
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  Not long after that, the Roman Empire come crumbling down.
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  NASCAR was ruling and then they let somebody get in there and
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  go, hey, you need to get you need to open this up.
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  You need to give us some charters.
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  Give us give it a Mitch. It'll take a mile.
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  There's a song about that. And the walls come crumbling
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  down. And the walls have a great
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  Thursday.