Rick Hendrick: Can We Say Dynasty Now?

David Yeazell by Analyst Written on November 20, 2008
Rick_hendrick_feature

Next month in the grand ball room at the Waldorf Astoria, Jimmie Johnson will be awarded another NASCAR Sprint Cup championship.

 

At that time, Rick Hendrick will add another feather to his cap, which already contains more feathers than a chicken processing plant.

 

Will the next feather in Rick Hendrick's cap be the one labeled "dynasty?"

 

Rick Hendrick was born Joseph Riddick Hendrick III on July 12, 1949. At the tender age of 26, he opened a Chevrolet dealership in Bennettsville, S.C.

 

This dealership was the beginning of what is now the Hendrick Automotive Group, a network of 80 dealerships spread over 10 states with annual revenues of $4 billion.

 

Can success alone be enough for a dynasty?

 

If success is measured in dollars, then Rick Hendrick is a very successful man. Is this financial power what makes his race teams so successful? Are massive amounts of money what it takes to be a success in the professional sports arena, or does it take more?

 

It is a well-known fact that George Steinbrenner boast the largest payroll in professional sports, well over $100 million a year, but, has had limited success recently, and no world championships since 2001.

 

The Seattle Mariners are also in the $100 million payroll club. In 2008, they lost 101 games out of a possible 160.

 

Rick Hendrick operates four Sprint Cup teams, Jimmie Johnson and Jeff Gordon being the most successful.

 

According to Forbes magazine, annual operating budget for each team is approximately $10 million. Hendrick drivers have posted four championships since 2001, four times the success of the Yankees, and a savings of $560 million.

 

Even with these staggering numbers, Hendrick Motorsports is second to Roush-Fenway in annual operating budgets.   

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Is Rick Hendrick a Dynasty?

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Results - Author Poll

Is Rick Hendrick a Dynasty?

  • Yes

    76.9%
  • No

    23.1%
  • Total votes: 13
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written on November 20, 2008 Opinion

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