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Target withdrawing sponsorship from Chip Ganassi Racing after this season

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Retail giant Target will end its sponsorship of Chip Ganassi Racing in NASCAR after this season.

The Sport Business Journal first reported Target’s departure from the sport.

The announcement comes with 16 races left in the Cup season and with Kyle Larson and his No. 42 Chevrolet second in the points standings.

The move follows Target exit from sponsoring Ganassi in IndyCar after last season. The company is transitioning its support to soccer ventures.

Target provided the following statement on its decision.

“We are enormously proud of how Chip and the entire Ganassi Racing team have represented the Target brand throughout our partnership. Together, we’ve seen tremendous success in NASCAR over the past 16 seasons, both on and off the track.

As we looked to evolve our sports marketing program, soccer provided Target with a unique opportunity to reach our guests in new places, and at all levels of the sport. Through partnerships with Major League Soccer, Minnesota United FC, US Youth Soccer and the U.S. Soccer Foundation, Target has been able to create meaningful connections with players, fans and families, no matter how they participate in the sport. We will continue to build on these and other soccer investments in 2018 and beyond.

Over the past season, Target has worked closely with Chip Ganassi Racing on this transition. We have incredible respect for Chip and the talented team he has assembled, and are confident they will continue to see great success for years to come.”

Ganassi’s partnership with Target began in 1989. Target has sponsored Ganassi cars in the NASCAR Cup Series since a once-race deal in 2001. Its first race was with Sterling Marlin on Aug. 25, 2001 at Bristol Motor Speedway. Target became a full-time primary sponsor beginning in 2002 with Jimmy Spencer.

The team issued the following statement from Ganassi:

“I have had an unbelievable relationship with Target for 28 years and I have to thank them for their long-time support. It has been so much more than a team-sponsor relationship. They have their finger prints on so much of what Chip Ganassi Racing has become. I have had numerous mentors and developed great friendships over the years at Target and fully expect many of those to continue but this news simply closes one chapter of our race team and also begins a new one. Kyle Larson is a once in a generation talent, he and the No. 42 Chevrolet will still be on the track for a long time, the only difference is that they will have different colors.”

Target eased into its departure this season by reducing the number of races it was the primary sponsor of Larson’s car. Credit One Bank took over races and has sponsored Larson in five races this year and Jamie McMurray in one.

NASCAR provided the following statistics on corporate sponsorship in the sport.

  • The number of Fortune 500 companies partnering with NASCAR has increased again in 2017, according to a recent analysis.
  • In 2017, more than one in four (28 percent) Fortune 500 companies continue to invest in NASCAR (139) – a seven percent increase year-over-year.
  • Nearly half of Fortune 100 companies invest in NASCAR – an increase of 11 percent year-over-year.
  • The number of Fortune 500 companies investing in NASCAR has either grown or sustained year-over-year since 2012.
  • The number of Fortune 500 companies investing in NASCAR has increased 29 percent since 2008.
  • Also, Fifth Third Bank is seeing a four-to-one return on their investment from their motorsports program, exceeding their original three-to-one ROI goal since the program was implemented in 2012.

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Sioux Chief to sponsor ARCA Showdown, East Series to race at Nashville Fairgrounds

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ARCA announced Saturday that Sioux Chief Manufacturing will be the entitlement sponsor of its 10-race ARCA Menards Series Showdown in 2020.

Sioux Chief Manufacturing is a Missouri company that designs and manufactures rough plumbing products, parts, and accessories for residential, commercial, industrial and government applications

Sioux Chief has been involved in ARCA since 2015 as a race event sponsor and special awards program sponsor and sponsored ARCA’s former Short Track Challenge.

As part of the deal, a newly increased point fund, combined with race purses, owner plan, and contingency awards, will offer teams a chance to compete for a share of over $920,000 in posted awards throughout the series.

The Sioux Chief Showdown will bring together the best drivers from the ARCA Menards Series, the ARCA Menards Series East and ARCA Menards Series West, formerly known as the NASCAR K&N Pro Series. Those events, held on oval tracks 1.25-miles in length and under and road courses, offer drivers who may not be able or eligible to run the full 20-race ARCA Menards Series schedule the opportunity to run for a championship. Combined with the overall ARCA Menards Series championship, and the East and West championships, drivers will have four separate championships to compete for in 2020.

The announcement was made at the Performance Racing Industry Trade Show in Indianapolis. Also present was promoter Bob Sargent of Track Enterprises, who announced that the ARCA Menards Series East would compete at Nashville Fairgrounds Speedway on May 2.

The Tennessean reported this week that the Nashville Fairgrounds was negotiating with Sargent to promote at least three races at the short track in 2020. Sargent’s involvement in the track comes after Nashville’s Fair Board voted to terminate its agreement with Formosa Productions to run the track over outstanding debt.

The ARCA Menards Series has competed at the Fairgrounds the last five seasons. The ARCA Menards Series East, formerly known as the K&N Pro Series East, competed there from 2007-08.

GMS Racing reveals full-time driver-crew chief lineup, number assignments

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GMS Racing has announced its full-time driver-crew chief lineup for the 2020 Gander RV & Outdoors Truck Series season and number assignments for its trucks:

– Chad Norris has been named crew chief for Brett Moffitt and the No. 23 Chevrolet team. Moffitt drove the No. 24 in his first season with the team. Norris has been with GMS Racing for two years and directed the effort that delivered the team its 2018 Xfinity Series win at Talladega.

– Chad Walter will lead Tyler Ankrum and the No. 26 team. 2020 will be Ankrum’s first season with GMS Racing. Walter served as an engineer for Ankrum this season at DGR-Crosley. Walter has five wins and 42 top fives in 208 Xfinity Series starts as crew chief.

– Kevin “Bono” Manion is paired with Zane Smith on the No. 21 Chevrolet. 2020 will be Smith’s first full-time Trucks season after competing part-time for JR Motorsports in the Xfinity Series. Manion has 24 wins as crew chief across all three national series since 2003. He led Martin Truex Jr. to his two Xfinity Series titles.

– Jeff Stankiewicz will remain as the crew chief for the No. 2 team piloted by Sheldon Creed.

Social Roundup: How NASCAR drivers are spending their offseason

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NASCAR’s Champion’s week is now behind us and we are firmly in the offseason.

Well, sort of.

The NASCAR world never really stops, which is evident simply due to the continued announcements for the 2020 season.

But with Joey Logano testing the Next Gen car at Phoenix earlier this week and Dale Earnhardt Jr. helping clean up North Wilkesboro Speedway for iRacing, it’s been anything but quiet.

Here’s a look at what else happened in the NASCAR community this week.

Someone needs to check in on Jimmie Johnson, he could be in his own version of Mr. Mom.

Chris Buescher is home again.

The 2015 Xfinity Series champion is back at Roush Fenway Racing for the 2020 Cup season and he’s got the firesuits and cars to prove it.

Brad Keselowski recently became father to a second daughter.

He’s now learning some important life lessons.

Former Front Row Motorsports driver Matt Tifft is now off the market after getting married to his fiance, Jordan. Now they’re on their honeymoon.

 

Matt DiBenedetto showed off one of the perks of being a Wood Brothers Racing employee.

Ryan Blaney and Bubba Wallace went somewhere warm to start their holiday.

Joey and Caitlin Gase welcome twin sons

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Xfinity Series driver Joey Gase and his wife Caitlin are now parents to twin boys

The babies were born on Wednesday. Their names are Jace and Carson.

More: Brad and Paige Keselowski welcome second daughter