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NASCAR meets with Sprint Cup team owners


NASCAR held a closed-door meeting with Sprint Cup Series team owners on Tuesday to discuss possible future ownership models. After the meeting, NASCAR Senior Vice President and Chief Communications Officer Brett Jewkes released the following statement:

“Earlier today, NASCAR met with all Sprint Cup Series owners and presented a framework concepts for future qualification to compete in NASCAR’s to national series with an eye toward implementing a new model for the 2016 season. The on-going dialogue with the entire industry has been very good, and today’s session was another productive step in that process. NASCAR, the tracks and the team owners all have the same collective goal: making the sport as strong and competitive as it can be for decades to come.

“Today’s meeting was one step in the process. There is still a lot of work to be done, and that will continue over the coming months. We understand there will be speculation and rumors related to the concepts outlined today, but would caution against coming to any conclusions as we work toward final decisions. When it is appropriate to do so, NASCAR will make an official announcement. In the meantime, we are excited about the 2015 Chase for the NASCAR Sprint Cup and this weekend’s race at Dover.”

Rob Kauffman, a NASCAR team owner who has been in the news later for the announcement of his dumping of Michael Waltrip Racing in favor of minority ownership in Chip Ganassi Racing, formed the Race Team Alliance in 2014 with a mission to address revenue and budget issues for Sprint Cup teams and present a united front in discussions with NASCAR.

Tuesday’s meeting, reportedly though, was not just with RTA teams. Instead, it was with all team owners in the Cup Series.

Since Kauffman’s announcement of movement from MWR to CGR, there have been rumblings of NASCAR considering some kind of franchising model in an effort to help teams retain some financial value when teams close up shop. The only value of the MWR team upon its closure at the end of the season will be the prices equipment and facilities will bring, probably, at auction. Estimates have those assets bringing only pennies on the dollar.

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Posted by on September 30, 2015. Filed under Breaking News,Featured,NASCAR. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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