From Insider
NASCAR Caps Teams To Four Cars
The National Association for Stock Car Auto Racing (NASCAR) announced today it is taking several steps to ensure the continued growth and popularity of the NASCAR NEXTEL Cup Series, including a program that will cap the number of cars under one ownership group; institute a new testing policy; and adopt a new tire leasing program.
The four-car ownership cap program starts in 2006 and NASCAR will work with groups that control more than four cars to establish a reasonable timeline for compliance. The four-car limit will extend to owners and any affiliate group, which includes situations where one or more of the car owners is entitled to receive, or actually receives, any financial consideration based upon the performance of the cars entered by the other car owners, or has any revenue sharing or ownership stake in the team. Most of NASCAR’s current car owners think the cap rule is important for the continued success and growth of the NASCAR NEXTEL Cup Series.
“It’s a good move for the sport,” said car owner Roger Penske. “It’s important for the business model to remain pro-competitive for all owners. This decision will have a positive impact on our sport for years to come.”
NASCAR Chairman Brian France said the new steps are a continuation of NASCAR’s pro-growth, pro-competition philosophy.
“The cap, the new testing procedure and the tire leasing program are in the best interest for the future of the sport,” said France.
Jack Roush, owner of five cars, said he remains a critic of the cap, but added, “I’m committed to participate in this sport as long as I live. NASCAR has agreed to work with us to get us where we need to be and that’s what we’ll do.”
Other owners expressed optimism regarding the impact of the new cap rule, including Felix Sabates, J.D. Gibbs, Richard Childress, Bill Davis, Richard Petty, Cal Wells, Robert Yates and the Wood Brothers.
“I think it will be good for the sport,” said Childress. “Personally, I could never have gotten into the sport -- the way it is today – like I did when I got in as a driver-car owner many years ago.”
“There needs to be a cap,” said Sabates. “I think it’s the best thing that’s happened in a long time.”
“I think you’re better off not having a handful of guys owning all the cars,” said Gibbs
NASCAR Caps Teams To Four Cars
The National Association for Stock Car Auto Racing (NASCAR) announced today it is taking several steps to ensure the continued growth and popularity of the NASCAR NEXTEL Cup Series, including a program that will cap the number of cars under one ownership group; institute a new testing policy; and adopt a new tire leasing program.
The four-car ownership cap program starts in 2006 and NASCAR will work with groups that control more than four cars to establish a reasonable timeline for compliance. The four-car limit will extend to owners and any affiliate group, which includes situations where one or more of the car owners is entitled to receive, or actually receives, any financial consideration based upon the performance of the cars entered by the other car owners, or has any revenue sharing or ownership stake in the team. Most of NASCAR’s current car owners think the cap rule is important for the continued success and growth of the NASCAR NEXTEL Cup Series.
“It’s a good move for the sport,” said car owner Roger Penske. “It’s important for the business model to remain pro-competitive for all owners. This decision will have a positive impact on our sport for years to come.”
NASCAR Chairman Brian France said the new steps are a continuation of NASCAR’s pro-growth, pro-competition philosophy.
“The cap, the new testing procedure and the tire leasing program are in the best interest for the future of the sport,” said France.
Jack Roush, owner of five cars, said he remains a critic of the cap, but added, “I’m committed to participate in this sport as long as I live. NASCAR has agreed to work with us to get us where we need to be and that’s what we’ll do.”
Other owners expressed optimism regarding the impact of the new cap rule, including Felix Sabates, J.D. Gibbs, Richard Childress, Bill Davis, Richard Petty, Cal Wells, Robert Yates and the Wood Brothers.
“I think it will be good for the sport,” said Childress. “Personally, I could never have gotten into the sport -- the way it is today – like I did when I got in as a driver-car owner many years ago.”
“There needs to be a cap,” said Sabates. “I think it’s the best thing that’s happened in a long time.”
“I think you’re better off not having a handful of guys owning all the cars,” said Gibbs
