Brad Keselowski Racing announced Thursday it will cease operations after this season, ending a run in the Camping World Truck Series that began in 2008.
“The Truck Series is truly special to me given my family’s ties to the history of the sport, and this decision comes with much contemplation. But, for a number of reasons, and as I plan for the long-term future, I’ve decided not to field a team in 2018,” Brad Keselowski said in a press release.
“My goal with BKR was to create a top-tier team which would allow me to give back to the sport by creating opportunities and quality experience for others, whether they be drivers, mechanics, engineers, or support personnel. With outstanding leadership from BKR GM Jeremy Thompson, assistance from Team Penske, and the support of our long-time partners Cooper Standard and Horizon Global, we were able to successfully achieve this goal. I am very proud of this and intend to do my best to help my BKR team members stay and grow in the sport. I am also incredibly appreciative of the great relationships we have developed with our partners over the years.”
The team has earned nine series wins – none this year.
“The team has also provided me with meaningful experience as a team owner,” Keselowski said. “I’ve never made it a secret that I would eventually like to be an owner at the top-level of the sport. And, while this is many years down the line, I want to start to prepare for that possibility now. Part of that preparation is seeking to develop an advanced engineering and manufacturing company that would be housed out of our 78,000 square foot facility in Statesville and ultimately help to support this vision.”
Soon after the announcement, Keselowski published a blog about the decision. He said having to tell his team it was shutting down was “one of the most difficult things I’ve ever done.”
Keselowski went on to share how his time driving for Roger Penske has shaped his outlook on his future ownership goals.
“One of the things I’ve learned from Roger Penske is the importance of having a successful core business outside of motorsports,” Keselowski wrote. “If you have a successful business venture outside of motorsports, you can kind of roll with the ebbs and flows of the sport as an owner. That’s the position I want to be in, and that I’ll need to be in to be an owner who lasts in NASCAR.”
BKR joins Red Horse Racing in ending its operations in the Truck Series. Red Horse Racing competed in the first five races of the season before shutting down. The teams combined to have two of the eight drivers in last year’s Truck playoffs.
Keselowski’s decision comes after he’s repeatedly talked about the costs of owning a Truck team.
In 2014, Keselowski told NBC Sports’ Dustin Long his team lost $1 million that season. Keselowski also said when he would know it would be time to no longer own a Truck team.
“I’m not interested in being involved in the Truck Series if I don’t feel like we can be competitive,” Keselowski said. “My breaking point is two areas – it’s going broke and not being competitive. We have to walk that line every day with every decision we make.”
Four drivers have earned BKR’s nine wins. Ryan Blaney (four wins), Tyler Reddick (three wins), Joey Logano (one win) and Keselowski (one win). Keselowski won his only Truck Series race in 66 starts in 2014 at Bristol.
Drivers who have competed for BKR include NBCSN’s Parker Kligerman (37 races), Ryan Blaney (58 races), Dave Blaney (one race), Logano (six races), Reddick (62 races), Ross Chastain (14 races), Daniel Hemric (23 races), Austin Theriault (10 races) and Alex Tagliani (two races).