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Author Topic: Ginn Racing seeking sponsors, Army back in 2008 UPDATE layoffs?  (Read 307 times)
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Cheryl
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« on: July 10, 2007, 12:28:26 PM »

From Jayski:

"Ginn Racing seeking sponsors, Army back in 2008 UPDATE layoffs? Busch team?: Though the #13 and #14 Ginn Racing teams seek sponsorship, CEO Jay Frye anticipates Ginn will remain a three-car team in the future. There has been speculation of late that the #13 team would soon be shut down [as there have been reports of layoffs within the teams]; while Frye discounts that, he doesn't hide the need for financial backing. "We have no intention to shut it down, but there comes a point that you have to get it funded," Frye said of the #13 team, driven by Joe Nemechek. "We're very close." Back in January, Ginn Racing chose to add the third team on the promise that it had secured lock-tight business associations. Two of those deals [Panasonic?] ultimately fell apart, but having committed to the team, it seemed more viable to secure sponsorship by running the car than by letting it sit idle. "I keep hearing we're in trouble, but the fact is the business is still better than last year," Frye said. "It has to get fixed this year, though. No doubt. In reality, I'd rather be a strong two-car team than a three-car team without a sponsor. We can't do what we did this year -- in January we thought we were good." They're also close to securing sponsorship for Sterling Marlin's #14, Frye said. The hope there, he said, is to find a sponsor to pick up the rest of 2007 and then extend the deal into the future. The U.S. Army will return as a full-time team sponsor for Ginn in 2008, Frye said.(ESPN.com)(7-6-2007)
UPDATE: been told that there were up to 30 layoff's Monday at Ginn Racing, also been told the #4 Ginn Racing Busch Series team has suspended operations. Also hearing that Ginn Racing may sell off one of its teams, likely the #13, which is vaulable with it being in the top-35 in owners pts.(7-9-2007)"

On XM last night, I heard that DEI is interested in buying the 13 team to get the owner's points for next season.  Supposely they would expand to 4 teams.  Guess they aren't quite dead yet...

Here's the actual article Claire was talking about from Jim Utter:

http://www.thatsracin.com/242/story/5407.html

Cheryl
« Last Edit: July 10, 2007, 01:26:52 PM by Cheryl » Logged
Desmond
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« Reply #1 on: July 10, 2007, 05:05:21 PM »

ESPN also reported the closure of the #4 Busch Series team on NASCAR Now last night.  Marty Smith added that Ginn plans to expand Regan Smith's schedule in the NEXTEL Cup Series this year.  Assuming that means fewer races for Mark Martin.

If DEI buys the #13 for use this year, it could transfer the points to the #15 and that would give Paul Menard a huge advantage over many of the other drivers that have struggled to qualify.  I'm sure that other such teams (all the Toyota teams, #49, #78) would be taking note.
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