Ryan Preece refuses to be obstacle to his racing dreams

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There were 10 laps left in Saturday’s Xfinity race, but Ryan Preece had no idea he was so close to paying off the most valuable debt of his racing career and likely his life.

Preece was second on the final restart of the Fitzgerald Glider Kits 300 when he was told there were only 10 circuits of Bristol Motor Speedway left.

“I asked (10 laps) to when,” Preece said afterward. “It went by so quick that I thought there was still 60 (laps) or so to go. I didn’t think it was that quick. I wasn’t thinking about the $100,000, I knew we’d be in good shape. I tell everybody this and I mean it, I come here to win races. I don’t come to finish second.”

He didn’t. After pulling ahead of his Joe Gibbs Racing teammate Brandon Jones, Preece went on to claim his second Xfinity win in seven starts in the last two seasons.

Preece’s reward?

The first $100,000 payout for this year’s Dash 4 Cash program.

“I don’t think you can say winning $100,000 doesn’t feel good,” Preece said. “I know what it’s going to do for me and my life, and I can officially say that I’m going to be paid off with everything I risked last year and this is a big day for me.”

Before 2017, Preece was a lifer in the modified racing community in the Northeast who had 36 Xfinity starts, including one full-time season in 2016 with JD Motorsports. His best result in that time was a 10th at Darlington.

Preece was almost resigned to racing modifieds the rest of his life. But then Carl Edwards unexpectedly retired from Cup competition. That set off a chain of events that resulted in Preece making four Xfinity starts in 2017 for JGR, winning one race (Iowa) and placing in the top five in each race.

He was able to make those four starts thanks to help from regional sponsors that backed him in his modified racing and a friend and racing owner who lent him money.

Their investment led to 10 more starts for Preece with national sponsors this year and him being able to pay off his debt after just his third start.

“We have been gaining on it every time that I’ve strapped in this race car,” Preece said. “Without these two crew chiefs (Chris Gabehart and Eric Phillips), without these teams, without Joe Gibbs Racing and the equipment that they give you to go out there, that risk wouldn’t have came true.”

The week before the Bristol race Preece said he approaches every race he competes in as if it’s his last. But the 27-year-old driver still has more chances to establish a future for himself this season.

“It’s a chance to build a future for myself,” said Preece, who will be back in a JGR car in July at Daytona. “Where I’m going to be in October or after this win, I don’t have a clue. All I know is I’m not going to be the one that prevents me from going further. I’m not going to be the excuse at the end of the season and say, ‘Man, if I won this race or if I did this different,’ I’m not going to look back and say that. I’m going to do everything I can to win and make sure that I’m not the weak link.”

Preece was asked whether he considers himself a role model for other short track racers toiling to achieve their racing dreams.

“To be honest with you, if people want to label me that, that’s fine,” Preece said. “I’m not going to label myself as that. I like to make my own way through in life. Would I advise somebody to do what I did? Probably not, but it was the only way I was going to get the chance. I wanted that chance and it all worked out. If you want it bad enough, you’ll find a way.”

And now, $100,000 richer, Preece can go back to worry about the things others those in their 20s usually do.

“A mortgage, car payments, insurance and typical things like that,” Preece said. “What I also enjoy and what’s pretty cool is that yes, I may not be going to Richmond, but I’m going to stay for the debrief on Monday, I’m going to do all my obligations and when I fly home Monday night or Tuesday morning, I will go to work just like everybody else.”

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Kyle Busch feeling like ‘the new guy’ during his Rolex 24 debut at Daytona

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DAYTONA BEACH, Fla. — Kyle Busch was looking forward to his first stint at 6 p.m. Saturday in the Rolex 24 at Daytona.

The two-time Cup champion was less enthused about his second turn behind the wheel in the IMSA season opener. Busch will climb back into the No. 14 Lexus RCF GT3 at 2 a.m. Sunday, just past the midpoint of the endurance race classic at Daytona International Speedway.

“That’s going to suck, yeah,” Busch deadpanned. “That’s exactly when I told them I did not want to run, and I got it.  Thank you very much.

“(I’m) the new guy.  I pulled the short straw.”

Click here to read more about how Busch felt about his AIM Vasser Sullivan car.

Kyle Larson has one last chance to rally for Australia title

Photo: Robert Lake Photography via Kyle Larson's official Twitter page
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The last week has been like the old Wide World of Sports slogan for Kyle Larson: namely, the thrill of victory followed by the agony of defeat.

After his triumphant win in the Chili Bowl in Tulsa, Oklahoma last Saturday, it has been nothing but agony for the NASCAR Cup star since he flew across the Pacific Ocean to compete in several sprint car races in Australia.

Larson’s first race on Wednesday in the King’s Challenge at Borderline Speedway was rained out.

That agony continued for Larson Friday in the first of the three nights of the Grand Annual Sprint Car Classic in Warrnambool, Australia, the biggest race of the year down under.

First, he wrecked heavily, including flipping, in a heat race (he was uninjured). After making repairs, he went back out on-track in another heat race, only to suffer a blown engine that knocked him out of contention to race in that evening’s feature event.

In Night 2 of the Classic on Saturday, Larson did not compete, leaving him to serve as a cheerleader for fellow American and teammate Carson Macedo, who finished 14th out of 20 drivers in the 30-lap main event.

Not being able to compete was a disappointment for Larson, who was one of the top-billed drivers taking part in the overall three-day Classic.

Larson will have one last chance to make Sunday’s featured championship event — but he’ll need a lot of luck and good fortune on his side. There will be several heat races that will whittle the top 48 drivers from each qualifying event to determine the top 16 in points who will compete in the A Main championship event.

There are 80 other drivers — including Larson — still left to compete in the B, C and D Mains who will also try to race their way into the A Main.

Larson currently sits tied for 77th place in the combined point standings in the 107-car field. Meanwhile, sitting 19th in the combined points, Macedo is the highest-ranked American driver heading into Sunday’s finale.

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Hailie Deegan on IMSA debut: ‘I’m not mad. I’m gaining experience’

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The first day of Hailie Deegan’s foray into sports car racing was one with mixed results.

Deegan and teammate, NASCAR Xfinity driver Chase Briscoe, finished 43rd of 51 teams that were entered in Friday’s Michelin Pilot Challenge at Daytona International Speedway.

Deegan ran as high as 15th before the car experienced mechanical issues roughly three hours into the four-hour event, and it was brought in to be worked on for the remaining time.

Deegan and Briscoe were in the No. 22 Multimatic Motorsports Inc. Ford GT4, which ran a total of 86 laps. One other NASCAR driver, Xfinity pilot Austin Cindric, was teamed with Seb Priaulx in the No. 15 Multimatic Motorsports Inc. Ford Mustang GT4, and together they finished 45th, completing 78 laps.

One other name of note was IndyCar driver Gabby Chaves, who finished 28th (completed 107 laps).

The fastest team in the field was Dylan Murry, Jeroen Bleekemolen and Jim Cox, who collectively ran the entire 110 laps.

While her team continued to work on the car in the garage, Deegan visited the infield media center to speak about her first race experience in an IMSA sports car.

I feel like I just gained a lot of experience,” Deegan said. “I’m here to gain experience after that three-day road test, coming here and practicing for two days.

“I just feel like I know a lot more about racing than I did before. And that’s why I’m here and supposed to be doing.”

The biggest challenge, Deegan said, was the large number of cars she had to compete against.

“The traffic is a little difficult to deal with; it’s not bad, though,” Deegan said. “It makes it fun. It makes it interesting. You constantly have to be on your toes.

“What I like about sports car racing is how many of the points you have to remember in your head. You get a little distracted for a second, and the next thing you know, you overdrive the corner that kind of laps into the next corner.

“So there’s constantly so much going on, you have to be on top of your game.”

While she would have liked to have more time on track had it not been for the mechanical issue, Deegan was philosophical about how the day played out.

“I’m not mad, I’m gaining experience,” she said. “That’s what I’m here to do.”

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DC Solar founders to plead guilty to charges related to $1 billion Ponzi scheme

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Thirteen months after the Federal Bureau of Investigation and Internal Revenue Service raided the headquarters of DC Solar and the home of its founders, Jeff and Paulette Carpoff, the couple has entered plea agreements related to a $1 billion Ponzi scheme, the impact of which saw Chip Ganassi Racing close its Xfinity Series program in 2019.

Jeff Carpoff has agreed to plead guilty to one count each of wire fraud and money laundering while Paulette Carpoff will plead guilty to one count each of conspiracy and money laundering.

According to the plea agreements filed with the Eastern District of California, the government will recommend an initial sentence of 30 years in prison for Jeff Carpoff and 15 years for Paulette Carpoff prior to any co-operation they provide with the case.

The agreement outlines a Ponzi scheme that operated from March 2011 to December 2018, ending with the raids on the Carpoff’s residence in Martinez, California, and DC Solar’s headquarters in Benicia, California.

DC Solar was a company that built and leased solar energy equipment and also sponsored Chip Ganassi Racing in the Cup and Xfinity Series. It was the primary or co-primary sponsor for Kyle Larson in 16 Cup races and for three races with Jamie McMurray in 2018. It also sponsored 10 Xfinity races with Ganassi and announced in November 2018 it would sponsor Ross Chastain’s full-time ride in 2019.

It also sponsored Xfinity Series races in 2018 at Phoenix Raceway and Las Vegas Motor Speedway and the infield “FanGrounds” at Richmond Raceway.

In the wake of the raids and the company filing for bankruptcy in January 2019, CGR was forced to close its Xfinity operation.

During the nearly eight-year scheme, the plea agreement says the Carpoffs used the money generated from it to buy their NASCAR sponsorships, 150 luxury and collectible vehicles and luxury real estate in Lake Tahoe, Las Vegas, the Caribbean and Mexico.

They also purchased a suite at a professional football stadium, a subscription private jet service, the Martinez (California) Clippers minor league baseball team and a 2018 performance by an internationally known rapper at a company holiday party.

Funds were also used to make illicit payments to their co-conspirators and others.

As part of their respective plea agreements, the Carpoffs have agreed to pay restitution to their victims, totaling between $800 million and $1.6 billion.