Apparently, there are many motorsport competitions out there. I understand I can run, say, a cricket league in Russia. As long as I have enough people to compete and a lawn, I don't need much funding, be it from sponsors or spectators. What I don't understand is: How can there be so many motorsport championships, given that it's pretty expensive compared to other sports?
I'm not talking about flagship series like Formula 1, NASCAR or Rallye World Championship. I'm talking about all those weird small series at least I have never heard about. In my view, racing is expensive. You need cars, you have to rent a race track, you need mechanics, etc. How can these championships pay off if you have no or hardly media coverage and maybe a few people watching at the track? Two possible answers emerge to me.
- There are plenty of motorsports fans I am just not aware of
- Most of these series indeed do not pay off, but are used as a marketing vehicle (pun intended :) ) for car manufacturers.
Does somebody have some deeper information on this, preferably with some facts?