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Sports

Hendrick valued as top NASCAR team by Forbes

March 24th, 2010 12:00 am by Associated Press




NEW YORK — Forbes’ annual rankings show that Hendrick Motorsports is the most valuable team in NASCAR for the second consecutive year.


Forbes’ report released Wednesday shows NASCAR’s top team is worth $350 million. But the report claims the average team value has declined $5 million over the past year.


Roush Fenway Racing is ranked second at a value of $238 million, and Richard Childress Racing is ranked third at $153 million.


Joe Gibbs Racing ($144 million) and Richard Petty Motorsports ($124 million) round out the top five.


Forbes says the value of a top 10 team in NASCAR has dropped 10 percent since 2008.


Forbes ranked three Hendrick drivers as the highest paid in NASCAR. Dale Earnhardt Jr. is first at $30 million, followed by Jeff Gordon ($27 million) and Jimmie Johnson ($23 million.)


 

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