Has Capitalism Failed Racing?

Im sorry, but I'm having trouble putting my words together. I hate it when capitalism gets in the way of proper racing. I'd be a full fledged socialist if it meant great racing, at great circuits. It's just depressing when some of the best circuits fold on events that have always provided great racing. Why can't Dorna lower their fee? Would fans be willing to pay a little more for the race? Isn't that banked turned and all those epic moments great publicity for the sport (its certainly a circuit that got me watching)?

Motorcycle Race Mag:

Hot off the MRM Press: MotoGP will NOT be returning to Laguna Seca in 2014

The MotoGP World Championship, one of the top motorcycle race series in the world, won't be making its annual July stop at Mazda Raceway Laguna Seca in 2014.

After a week of speculation on motocycle racing web sites, the Raceway confirmed the news Monday, marking the end of nine straight years the Mazda Laguna Seca Raceway has played host to the Red Bull U.S. Grand Prix, one of the track's biggest events.

Raceway general manager Gill Campbell said the decision, which will mean the MotoGP circuit will have U.S. stops next year only in Indianapolis and Austin, Texas, was a mutual agreement between Mazda Raceway Laguna Seca and MotoGP parent company, Dorna Sports.

Three events in the United States, Campbell said, is one too many.

"There is, frankly, not enough of everything to go around for three world championships in the United States," she said.

Though the international motorcycle race series has steadily drawn weekend crowds of 150,000 to the Peninsula, Campbell said the event has not been profitable for the past four years.

Attendance dipped this year and the licensing fee with Dorna is going up by $800,000 next year. It takes about $9 million to put on the event, Campbell said.

"We can't afford to take a bath," she said.

While the move likely will leave a gap in the 2014 schedule at Mazda Laguna Seca Raceway, Campbell said there will be a full schedule of motor sport events otherwise.

It's possible MotoGP will return to the Mazda Raceway in "a year or two or three," she said.

"We may just take a big breath (in 2014) and look at our opportunities, and see where want to go," Campbell said.

The decision to pull out of the 2014 MotoGP schedule came after the Indianapolis Motor Speedway picked up its option for 2014, Campbell said.

That hadn't been expected, but the Indianapolis raceway received a $100 million Indiana state grant to make improvements for motorcycle racing. The Circuit of the Americas raceway in Austin receives a $2 million in state tax credits, she said.

"We can't compete with that. Here there are no tax credits or state subsidies," Campbell said.
Mazda Raceway Laguna Seca is a non-profit run by the Sports Car Association of the Monterey Peninsula, which manages the county-owned facility.

The 18-race series is held in 14 countries and dates back to 1949.