While some references have been made to Las Vegas getting a free ride on the sanction fee, is it not the case that IndyCar is the promotor and are paying a rental fee to the track? I thought that Bernard has clearly indicated this to be the case and has plans to add more promotions to the fold.
His comment is based upon the PBR example where they eventually took over all promotions and scheduling. I like the idea, and I am not discounting what C^RT did previously. That was done out of necessity, while Bernard wants to roll this out as a strategy. They are leasing the hospitality and everything like suites at LVMS. I think this is the direction they need to go to ensure their viability going forward.
Consider the NASCAR model where the tracks get a portion of the televisions rights fees up front. This allows them to sell a lower cost sponsorship as profitability is likely assured before tickets are broadly sold. It is hard to compete against that model.