Ganassi shutting down Xfinity Series program

StandOnIt said:
thought this was a topic of Ganassi shutting down the Xfinity team, not the daily dog and pony show.
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JMO but I think it is normal that talk would include things like what impact the loss of sponsors has on the various series. Also I think discussing why the loss of sponsorship was the kiss of death for CGR and why something else could not be cobbled together is on point.

My opinion is that if Nascar wasn’t in its current position instances like this either wouldn’t happen or would be quickly overcome. The downturn is hurting the series in all sorts of ways.
 
JHN coming out clean with GMS. Wow.

Devastating for Chastain for sure. Probably too late in the game to find anything decent in Xfinity with seemingly every good ride locked up, unless someone wants to put together another car at the last second, but I doubt it. I imagine Chip will be very active in trying to put together something for 2020 because he's too good of a talent to let go to waste.

A lost year at Chastain's age, in this industry, has to hurt.
 
^ I think it will be week by week until Chip finds new sponsorship. RCR put a car on track with another team for the grandson and Chip may be able to do the same.
 
This really speaks to the current climate of finding a sponsor and financial positions. For this particular car/team/driver/owner, they were going to win races.

Even a short-term 4-8 race deal would give them extra time.

Chip must really be more concerned on the Cup side loss.
 
Really like to know what’s going on with this DC group....don’t know why the FBI would raid a place getting ready for a tax issue in court?
 
Ford 222 said:
Really like to know what’s going on with this DC group....don’t know why the FBI would raid a place getting ready for a tax issue in court?
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They can seize your records and your assets for a number of reasons that are crimes. Non payment/non reporting of income or illegal earnings that could include possible criminal activity, fraudulent practices, misappropriation of funds, Tax evasion, on and on
 
Wonder if Chip would be willing to fire sell that team and cars? Might be someone out there that can keep Ross running.
 
The loss of this team, Front Row Racing, and the field getting smaller in Cup highlights the issues that surround a sport that's costs are out of line with what businesses are willing to pay for advertising.
 
Towmater said:
The loss of this team, Front Row Racing, and the field getting smaller in Cup highlights the issues that surround a sport that's costs are out of line with what businesses are willing to pay for advertising.
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Sponsors are still willing to have their name on a car, they just can't afford a full season.
This is not something new, the rich men in all sports outspend themselves, just so long as it is not their own money.
Nascar will survive and the costs will come down. The reluctance of Nascar to get sponsor levels down is because they also charge exorbitance fees for their own sponsors.
 
Team Penske said:
Sponsors are still willing to have their name on a car, they just can't afford a full season.
This is not something new, the rich men in all sports outspend themselves, just so long as it is not their own money.
Nascar will survive and the costs will come down. The reluctance of Nascar to get sponsor levels down is because they also charge exorbitance fees for their own sponsors.
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Sponsors usually demand results, results are expensive as hell to achieve.
 
Spotter22 said:
Wonder if Chip would be willing to fire sell that team and cars? Might be someone out there that can keep Ross running.
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If CGR can’t get sponsorship at this point it is highly unlikely that another group could, IMO
 
Towmater said:
The loss of this team, Front Row Racing, and the field getting smaller in Cup highlights the issues that surround a sport that's costs are out of line with what businesses are willing to pay for advertising.
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A lot of the negatives we have seen lately have a direct correlation to NASCAR’s downturn. As long as the broadcast dough keeps rolling in things should be ok though.
 
A long-standing sponsor of a leading race team has financial and/or legal problems that impact the race team. And the world keeps on turning. It is a huge stretch to tie this unsavory situation to "the state of the sport" although I'm not surprised several of our veteran deathbedders try to do just that.
 
Larson is not going to be racing in Xinity this year and Ross Chastain was surely going to win some races also. Neither is last years runner up team for the owners championship going to be competing for that money. From a competitors standpoint, one less car to beat, and more opportunity for the same pool of prize money. Some think it is tragic, some are sad, but not everybody is. ;)
 
LewTheShoe said:
A long-standing sponsor of a leading race team has financial and/or legal problems that impact the race team. And the world keeps on turning. It is a huge stretch to tie this unsavory situation to "the state of the sport" although I'm not surprised several of our veteran deathbedders try to do just that.
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Agree about tying DC solar's problems to NASCAR. This may be a glimpse into what it is like to abruptly lose a sponsor however. Not having sponsor money chomping at the bit to get on a winning car/team is a little discouraging, seems to be a long process.
 
LewTheShoe said:
A long-standing sponsor of a leading race team has financial and/or legal problems that impact the race team. And the world keeps on turning. It is a huge stretch to tie this unsavory situation to "the state of the sport" although I'm not surprised several of our veteran deathbedders try to do just that.
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Great to hear from you, Lew! None of this has anything to do with the world rotating but the state of the series does impact sponsorship. In this case if times were good CGR could have found other sponsors to keep the team alive.

The fact that guys like Chip and Barney closed down without even looking for sponsors speaks volumes. Why waste time and energy trying to find something that is unavailable?
 
IanMcVittie said:
Great to hear from you, Lew! None of this has anything to do with the world rotating but the state of the series does impact sponsorship. In this case if times were good CGR could have found other sponsors to keep the team alive.

The fact that guys like Chip and Barney closed down without even looking for sponsors speaks volumes. Why waste time and energy trying to find something that is unavailable?
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speaks volumes to who? It happens all of the time in the business world and racing is in the business world. I can tell some posters really don't follow racing much. They get and lose sponsors all of the time in all of the various series. Trying to twist a deathbed every time it happens in every series would be a full time deathbed job..hey there ya go might be a career move for ya. BTW the Ganassi group has a race coming up..it's called the Rolex? have you heard about it?
 
StandOnIt said:
Larson is not going to be racing in Xinity this year and Ross Chastain was surely going to win some races also. Neither is last years runner up team for the owners championship going to be competing for that money. From a competitors standpoint, one less car to beat, and more opportunity for the same pool of prize money. Some think it is tragic, some are sad, but not everybody is. ;)
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I’ll give you credit for putting a unique spin on a series losing top teams. This may not be the case with every racer but the ones I have met are ultra competitive. They want to compete against the best and beat the best. Taking good cars off the grid is a loser for the fans, tracks, series, drivers and sponsors. There really is nothing good about it.
 
Turtle84 said:
Agree about tying DC solar's problems to NASCAR. This may be a glimpse into what it is like to abruptly lose a sponsor however. Not having sponsor money chomping at the bit to get on a winning car/team is a little discouraging, seems to be a long process.
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You get it 100%. It isn’t about what CGR lost as much as it is about what it can’t replace.
 
IanMcVittie said:
I’ll give you credit for putting a unique spin on a series losing top teams. This may not be the case with every racer but the ones I have met are ultra competitive. They want to compete against the best and beat the best. Taking good cars off the grid is a loser for the fans, tracks, series, drivers and sponsors. There really is nothing good about it.
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Sure bud I bet they are all tore up about that car, drivers and team not competing all the way to the bank.
 
StandOnIt said:
speaks volumes to who? It happens all of the time in the business world and racing is in the business world. I can tell some posters really don't follow racing much. They get and lose sponsors all of the time in all of the various series. Trying to twist a deathbed every time it happens in every series would be a full time deathbed job..hey there ya go might be a career move for ya. BTW the Ganassi group has a race coming up..it's called the Rolex? have you heard about it?
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What speaks volumes is that teams are closing down without even bothering to look for sponsors. You answered your own question when you said that “they get and lose sponsors all the time.”

Tell that to Chip and Barney and they will tell you that they had sponsors leave but no replacements were available. This isn’t good or bad but just what happened.
 
IanMcVittie said:
What speaks volumes is that teams are closing down without even bothering to look for sponsors. You answered your own question when you said that “they get and lose sponsors all the time.”

Tell that to Chip and Barney and they will tell you that they had sponsors leave but no replacements were available. This isn’t good or bad but just what happened.
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you don't have a clue how busy Chip's organization is with three teams in the three major series getting ready for this season, or what the year will bring with Ross Chastain who already has a full time cup ride. It wasn't like he needed a development driver, He has Kurt and Larson.
 
I think bringing back an Xfinity team once it has closed up shop is going to be a tall order anymore. Even for deeper pocketed teams like Ganassi and Roush. Mike Skinner made a good point this weekend about limiting cup drivers in Xfinity hurting Xfinity and I think he is spot on. The "Kyle Bush rule" is bad for Xfinity long term. For the most part (the exclusion here is rich kids with parents who own supermarket or fast food chains) sponsors aren't interested in dropping money on nobody Xfinity drivers. And those Xfinity drivers havent really beaten anyone until they can beat a cup driver. Sponsors want to be associated with cup drivers that win and that money spreads around to the team and newer rising talents on that team who are also associated.
 
StandOnIt said:
you don't have a clue how busy Chip's organization is with three teams in the three major series getting ready for this season, or what the year will bring with Ross Chastain who already has a full time cup ride. It wasn't like he needed a development driver, He has Kurt and Larson.
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I have really enjoyed the back and respect your opinions but I am going to leave things with you so we don’t just go around in circles
 
10-4 said:
I think bringing back an Xfinity team once it has closed up shop is going to be a tall order anymore. Even for deeper pocketed teams like Ganassi and Roush. Mike Skinner made a good point this weekend about limiting cup drivers in Xfinity hurting Xfinity and I think he is spot on. The "Kyle Bush rule" is bad for Xfinity long term. For the most part (the exclusion here is rich kids with parents who own supermarket or fast food chains) sponsors aren't interested in dropping money on nobody Xfinity drivers. And those Xfinity drivers havent really beaten anyone until they can beat a cup driver. Sponsors want to be associated with cup drivers that win and that money spreads around to the team and newer rising talents on that team who are also associated.
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IMO Nascar opened up Pandora’s box when they allowed cuppers to run all the races and compete for championships in the lesser series. At this point it is probably too late to entice all the cuppers back so IDK where that leaves things.
 
IanMcVittie said:
If CGR can’t get sponsorship at this point it is highly unlikely that another group could, IMO
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No one said Chip couldn't get sponsors, I don't think he wants to bother trying.
He has 2 good cup drivers and needs a little more sponsor money there. Why complicate matters playing in the junior leagues. Nascar is NOT his first love in racing.
 
Team Penske said:
No one said Chip couldn't get sponsors, I don't think he wants to bother trying.
He has 2 good cup drivers and needs a little more sponsor money there. Why complicate matters playing in the junior leagues. Nascar is NOT his first love in racing.
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Following that line of reasoning, that would mean, that it is not easily replaced, and he doesn't want to bother trying for Ross Chastain. Where the junior leagues were once good enough for him, are now, all of a sudden too much of a headache.

Also, the loss of Target for Chip, and now this fiasco, has to be hurting, can't exactly blame him for just shutting it down. It is his team, his decisions after all.
 
Team Penske said:
No one said Chip couldn't get sponsors, I don't think he wants to bother trying.
He has 2 good cup drivers and needs a little more sponsor money there. Why complicate matters playing in the junior leagues. Nascar is NOT his first love in racing.
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You are right as I can’t look into Chip’s mind and know what he is thinking. The point I was trying to make was that in the not so distant past other sponsors could have been thrown together to keep the team operational.
 
Turtle84 said:
Following that line of reasoning, that would mean, that it is not easily replaced, and he doesn't want to bother trying for Ross Chastain. Where the junior leagues were once good enough for him, are now, all of a sudden too much of a headache.

Also, the loss of Target for Chip, and now this fiasco, has to be hurting, can't exactly blame him for just shutting it down. It is his team, his decisions after all.
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I think the difficulty for Nascar and it’s teams is what do you say to a potential sponsor that will make them want to participate for the required dollars? I don’t envy any pitchman having to walk into a boardroom armed with stats and graphs of NASCAR’s performance.
 
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