Bringing In Outside Investors
Jack Roush kicked off this year by announcing a deal with Boston Red Sox owner John Henry in February of 2007. Jack Roush sold 50% of his racing team to the Fenway Sports Group. This created the new entity called Roush Fenway Racing.
In August Ray Evernham Motorsports brought in some outside cash and changed its name. George Gillett Jr. is the owner of the Montreal Canadiens and their arena. The new team is now called Gillett Evernham Motorsports.
NASCAR Team Mergers Shuffle the Deck
Earlier this season The three car team of Ginn Racing was absorbed by Dale Earnhardt Inc. Ginn Racing fielded cars for Mark Martin/Regan Smith, Sterling Marlin and Joe Nemechek.
Only Mark Martin survived this merge intact as the other three drivers plus 124 former employees of Ginn Racing were all left looking for jobs.
Then Robert Yates got in on the merger act when he joined forces with Champ Car owner Newman/Haas/Lanigan Racing. This created one new cross-discipline racing team with the mother of all team names.
The new entity is officially named Yates/Newman/Haas/Lanigan Racing.
What effect will these new "Superteams" teams have on NASCAR?
