Taking out insurance, wages for pro organisers, hiring necesary race day equipment I imagine the promoter is doing quite nicely for themselves?
I doubt it... $65k is not a lot of money.
Just curious, as to why the gap between club races and privately operated races is so significant (I suspect volunteer involvement but there must be more)
Clubs can do things cheaper. For starters they don't have insurance costs over and above their existing mtba stuff, they tend to get halls, football fields, forests, roads etc... at reduced cost or free from the community, more volunteers, less requirements for cash prizes, no salary fees, no work cover expenses... should I go on?
Say you have 2 staff (you and someone else) and you pay yourself $50k/year each (avg salary). Super, Taxes, workcover etc... the general rule of thumb is double that, so that's $150-200k/year you need to find just to cover staff. say you do 6 events a year (one every 2 months?), that means from those 6 events you need to find $20-$30k clear cash to pay staff per event.
so go back to your $65k they get from entries. 30k gone in salary costs, $10k gone in cash and prizes, Insurance? maybe $10k? couple of grand to state forests, another couple of grand to RFS and SES for helping out, Firstaid for an event like this is probably $1.5-2k, money seems to be disappearing very quickly here...
While there are quite a few event promotors about, and they all seem to do ok, I havn't met one yet that's rolling around in $100 bills wondering whether to get their porche in blue or white... it's a definite "for the love of the sport" industry I'd suggest. Besides, what's wrong with someone trying to make some money from the industry? I'm sure someone made some money when you bought your bike and you didn't cry home about it...
*shrug*
Cheers
Spoon