Thats a fact.
When Willie Ewing set the 24 hr record with 2125 miles in that record run. The Arctic Cat engineers were onsite with their heat sensing cameras. When Willie came in for fuel, they recorded temperatures on the track that found they were equivalent to the drive belt temperatures. Keep in mind the track is being cooled by the snow and melting water being flung about under the tunnel! That will give you an idea that the track is the biggest culprit in where the power loss is going at an 88 MPH average. The clutches and chain case is very minimal in comparison. Put a wheel and slick under the tunnel and go run it on the asphalt drag strip and compare it to a track to see how much is being robbed, or go from a track dyno to a wheel dyno. You'd be surprised how much power the track really robs vs a wheel and tire. Takes immense power to spin that track!