I was wondering if a guy could set up a non profit or something of the sort that could pool donations from "sponsors" that could then provide the initial capital for someone that wanted to host a race. Say you come to me and have a race you want to host, my NPO provides a $5,000 scholarship to cover the initial fees etc.
Said NPO would provide numbers and some other stuff splattered with the sponsors that contributed to the NPO. After the initial $5k or whatever is covered the remaining money gets split between NPO and host team.
This would leave the "host team" only liable for course set up etc. I know Endurance Promotions does a bunch of that stuff, just not sure how their business model is really set up.
Iâ€™ve had similar ideas floating through my mind. Happy to chat more on it too. Shoot me a PM if interested.
The model Iâ€™ve considered: 501c3 formed, proceeds from the race go to local charities which enlists, hopefully, local support for the races. The great gravel and road courses are everywhere but itâ€™s a ton or work for little return. It has to be a labor of love for bike racing. Maybe pay yourself for your time.
All that said, Iâ€™d still like to put on some great races. I think people want to race but thereâ€™s not as much organization now. I have a venue that could easily be a great CX Worldâ€™s site. International airport 30 minutes away, major highways right to the site, 100+ acres to use. No brainer. Just need the experienced hands to execute.
PM if interested. I know of at least one former race promoter on the thread but he may be running in the opposite direction at the thought of doing it again.