‘NRA 500’ NASCAR race ignites sponsorship controversy
This weekend, Texas Motor Speedway will host a NASCAR race — and the name of the race is causing a bit of controversy. It’s called the NRA 500, as in National Rifle Association.
The last time the NRA sponsored a NASCAR race was in September, before the Sandy Hook Elementary shooting that brought the NRA to the forefront of the debate on gun control.
“I’m certain that somewhere down the line someone has to say let’s look at a particular sponsor and see whether it is good for the sport” says Jon Ackley, a professor at Virginia Commonwealth University who teaches a class called “The Business of NASCAR.”
He says that these types of sponsorships are made between the owner of the race track, in this case Texas Motor Speedway, and the sponsor, but ultimately NASCAR has to approve the deal.
“But just because there may be people who don’t approve of something it doesn’t mean that it is detrimental to the overall sport,” says Ackley.
Ackley doesn’t think the sponsorship will cost NASCAR any fans. Sponsors typically pay upwards of $1 million to put their name on a race. NASCAR didn’t block the NRA deal, but said it would take a closer look at the sponsorship approval process in the future.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
