Friday 5: Furniture Row Racing’s demise is a fate others know too well

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SPEEDWAY, Ind. — The names have changed but the stories haven’t when it comes to the tale of Furniture Row Racing and all the teams before it that faded away.

The concern about costs, the dependence on sponsorship and the volatility of it all is not something that is new to NASCAR (or even motorsports). That those issues contributed to Furniture Row Racing announcing this week that it would cease operations after this season only added that team to a long list. That Furniture Row Racing won the Cup championship last year only makes the story more powerful.

But not unique.

Go back in time and look at what other car owners were saying and how their concerns were repeated.

In 1999, Ricky Rudd closed his race shop and sold his cars and equipment at auction because he was unable to find a sponsor to continue a team that had won six races in six seasons, including the 1997 Brickyard 400.

Rudd told motorsport.com the day of the auction: “I’ll probably get a little sad when I see those race cars loaded up on trucks and rolled away. That’ll bother me a little. The hardest day was the day before I signed with (Robert) Yates. I walked into the shop and told the guys that the sponsorship deal wasn’t working out, and that I was sorry but I was gonna do something else next year.”

In 2007, Ginn Racing and Dale Earnhardt Inc. merged during the season because Ginn needed help after it was unable to find funding for two of its three cars. Car owner Bobby Ginn explained to The Associated Press that had he not merged: “We would have had to continue to cut costs, and that is disgraceful to me. I am proud of the merger. I would not have been proud of putting a car out there that couldn’t compete.”

Ginn went on to say: “Even if the sponsors had come in, we probably would be talking about something like this anyway. This is just going to be the way teams operate going forward, and we needed to be invited to the party before it was too late.”

In 2009, Bill Davis Racing — a team that won the 2002 Daytona 500 with Ward Burton — was sold after what The Associated Press described as a “fruitless search for sponsorship.”

In 2013, car owner James Finch sold Phoenix Racing to HScott Racing. Finch told NASCAR.com at the time: “I’ll come to races and all. I just wasn’t going to go broke doing it. Sponsorships are really tough to come by and stuff like that.” HScott Racing announced in December 2016 that it would not field a team, citing lack of sponsorship as a reason.

In 2015, Michael Waltrip Racing announced it would cease operations after the season. Clint Bowyer was a playoff team for that organization that year.

The organization was a three-car team in 2013 but then lost sponsor NAPA after the season in response to the Richmond scandal that year when NASCAR penalized MWR for team orders in the final regular-season race of the year and removed Truex from the playoffs.

Last month, a bankruptcy judge approved the sale of BK Racing to Front Row Motorsports. Court documents showed that BK Racing, which struggled to find sponsorship, lost $29.5 million from 2014-16. The team also owed a bank more than $9 million in unpaid loans and the IRS more than $2.5 million.

“It’s a tough business,” Devine said in February at Daytona when asked why he never aligned with another team to help defray costs. “I think it’s an expensive learning curve. I also think … you’ve got to decide where you are taking the company and I took it down a very independent route, which probably wasn’t the smartest (thing).”

Just in recent years, the sport has seen Richard Childress Racing contract from three to two teams and Roush Fenway Racing, which had five full-time teams in 2009 downsize to four teams in 2010, three teams in 2012 and two teams in 2017.

Furniture Row Racing cut from two teams to one this season and then suffered a fatal blow when 5-hour Energy announced in July it would not remain in the sport after this year. It is to serve as a co-primary sponsor for 30 races this year. Forget that the 2019 Daytona 500 is 164 days away, the need to have sponsorship secured for next year had already passed for Furniture Row Racing.

Although their lifespan may be recalled more often by fans, its demise falls in line with what has happened to many teams through the years.

2. Similar refrain

This is becoming too familiar for Martin Truex Jr.

For the second time in his career, an organization shut down with him as a driver. Two other times, an organization Truex drove for merged to remain in the sport.

In 2007, Truex was with Dale Earnhardt Inc. when it merged with Ginn Racing, creating a four-car operation. Then that organization later merged with Chip Ganassi Racing.

Truex then left for Michael Waltrip Racing only to see his ride disappear after the 2013 season when NAPA left the team. The fallout was from the Richmond team orders scandal NASCAR penalized MWR. Now, Truex will be heading elsewhere after Furniture Row Racing closes shop after this season.

3. What’s next?

One of the things to watch for with Furniture Row Racing is who buys its charter.

The value of a charter, just like anything, is based on what someone is willing to pay. If there’s only one interested party, the price won’t be as high. If there are more, that can raise the price.

Don’t take what the BK Racing charter (and team) sold for in bankruptcy court last month as an indicator. The team, including the charter, sold for $2 million last month. After a minimum price was set for the charter and team, there was only one bid, leading to a sale that many in the court called disappointing.

One thing that should make Furniture Row’s charter is its recent performance. There’s a historical element to charters that have weighted payments based on the performance of the team that held that charter. With Furniture Row Racing’s championship last year, this charter will have a larger payment to the next owner.

4. Unique attraction

The NASCAR weekend at Indianapolis Motor Speedway began with a USAC National Midget race on Thursday night.

A quarter-mile dirt track was built inside Turn 3 and more than 100 USAC midgets entered the event.

Holding races leading up to a NASCAR weekend is not a new thing but showing this dirt track series is. With a push toward grassroots racing, such options could be good tie-ins with race weekends — as long as fans show up. If fans don’t attend, they won’t happen.

The grandstand was full for the midget race, which was won by Brady Bacon and saw Christopher Bell finish fifth and Ricky Stenhouse Jr. place 11th.

Many fans were already looking forward to this event returning next year.

5. Special promotion

You might have missed it but Pocono Raceway announced this week that children 12 and under will receive free gate admission while accompanied by an adult to its two Cup races and its IndyCar race in 2019.

Children 12 and under already could attend NASCAR Camping World Truck Series and Xfinity races for free but this is a step up for the sport.

It provides another avenue to reach out to a younger generation with the hope that those in that group become life-long NASCAR fans.

Admittedly, it’s not something that can be done everywhere. Watkins Glen sold out its grandstands again this year. Darlington Raceway did not announce a sellout for last weekend’s Southern 500 but the stands were close to capacity.

At other tracks where there are open seats, it might be something to consider in the future even if only on a year-to-year basis.

Could be the start of something for Cup races.

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Ryan Blaney thankful for support after Daytona 500 incident

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Ryan Blaney said he didn’t want to talk to many people the night of the Daytona 500 after contact with Ryan Newman triggered Newman’s horrific last-lap crash.

But when Blaney got home, his parents were there.

“That was nice of them to be there,” Blaney said Friday at Auto Club Speedway, the first time he’s talked to the media about the Daytona 500 since that night.  

Blaney was ashen when he spoke briefly to the media after the season-opening Daytona 500. As he spoke, an ambulance drove by on the frontstretch, taking Newman to the hospital.

Blaney was intent on pushing Newman, a fellow Ford driver, to the victory when it became clear to Blaney he could not win the race. But as he pushed Newman coming to the finish, the contact unsettled Newman’s car and it turned right into the outside wall. Newman’s car went airborne and was slammed in the driver side area while upside down by Corey LaJoie.

Newman walked out of a Daytona Beach hospital two days later. Newman said last weekend in a statement that he suffered a head injury but did not disclose any details. He has since been to Roush Fenway Racing to see team members and also did a video for one of the team’s sponsors that day. Newman will not race this weekend, missing his second consecutive race but said in his statement he looks forward to racing again.

MORE: Ryan Blaney talks to Ryan Newman, looks forward to seeing him at track

Blaney said several people helped him in the aftermath of Newman’s accident. All that was known the night of the race was that Newman was in serious condition with a non-life-threatening injury.

Blaney said close friend Bubba Wallace spent time with him the day after the Daytona 500.

“We talked about some stuff,” Blaney said Friday of what he and Wallace did. “I stayed off social media and all that stuff. You have people that aren’t even involved and have never even watched the sport that have their own opinion on bad things.

“The outreach I got from the calls from former drivers and current drivers that week was pretty remarkable. Their support was good. Even though it is unintentional and it is racing, it still takes a toll on you when it is off of your nose. You never want to see anyone get hurt in this sport. We are all competitors, but we are also a big family.

“Ryan and I have gotten along really well and that was just a bad circumstance and it is great that it worked out for the best. It was nice to have the friends and family and drivers and teams (offer their) support. That really helped me out.”

Blaney cited a couple of former drivers whose calls were impactful.

Jeff Burton and Bobby Labonte called me, people that I looked up to a lot as a kid,” Blaney said. “It was neat that they called me and gave me their peace of mind. That was good.”

Friday also marked the first time for Blaney to speak publicly since last weekend’s race at Las Vegas. Blaney led but a late caution changed the race. He and Alex Bowman, running second, were among drivers who pitted. Joey Logano, running third, did not pit, inherited the lead and went on to win. Blaney finished 11th.

Blaney said Friday it took him 10 minutes to get over how that race ended.

“Yeah, it was over,” Blaney said. “Moving on. I went and stayed in a teepee and forgot about it.”

About his experience staying in a teepee, Blaney said:

“I already had that planned no matter what happened. I like camping. I was out on a ranch in the middle of the desert for a couple days and just hanging out and all that stuff. It was fun.”

As for what he did, Blaney said: “Go hiking a little bit. Cook by the fire. Clear your head. It is just relaxing. I have always kind of been that way. It was nice to get out there. I was out there. I had to be out there for Tuesday night anyway and figured I would stay somewhere other than the (Las Vegas) Strip. I can’t do the strip for very long. I wanted to stay somewhere opposite to the Strip.”

Alex Bowman fastest in final Cup practice at Auto Club Speedway

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Alex Bowman completed a sweep of Friday’s Cup Series practice sessions at Auto Club Speedway by posting the top speed in final practice. He was also fastest in first practice.

Bowman’s top speed was 176.626 mph. He recorded 32 laps in the session.

The top five was completed by Ryan Blaney (176.186 mph), Bubba Wallace (176.177), Kurt Busch (175.816) and Christopher Bell (175.695).

Bowman also had the best 10-lap average at 175.317 mph.

Kurt Busch recorded the most laps with 47.

The only incident in the session was defending race winner Kyle Busch brushing the wall in Turn 3 after his car got away from him on the bumps in the corner. Repairs were made to the car and Busch returned to the track with 17 minutes left in the session.

Click here for the speed chart.

 

Alex Bowman tops field in opening Cup practice at Auto Club

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Alex Bowman posted the fastest lap in opening Cup practice Friday at Auto Club Speedway. Bowman ran a top lap of 179.439 mph.

Bowman was followed by Kyle Larson (177.703 mph), Tyler Reddick (177.607), Kurt Busch (177.375) and Matt DiBenedetto (176.609).

Click here for full practice report

There were no incidents in the session.

Final Cup practice is scheduled from 5:35-6:25 p.m. ET today. Qualifying will be Saturday.

Xfinity practice report at Auto Club Speedway

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Harrison Burton was fastest in the final Xfinity Series practice session Friday at Auto Club Speedway.

The Joe Gibbs Racing driver recorded 22 laps and posted a top speed of 174.474 mph in the 25-minute session.

The top five was completed by Noah Gragson (173.779 mph), Austin Cindric (173.775), Chase Briscoe (173.578) and Brandon Jones (173.578).

Burton also had the best 10-lap average at 170.422 mph.

Gragson recorded the most laps in the session with 25.

There were no incidents in the session.

Click here for the practice report.

First practice

Noah Gragson led the way for the Xfinity Series in the opening practice session that saw more than half the 50-minute period under caution at Auto Club Speedway

Gragson ran a top lap of 177.139 mph. He was followed by Austin Cindric (176.022), Daniel Hemric (175.400), Brandon Jones (175.366) and Harrison Burton (175.187).

Click here for full practice report

Alex Labbe brought out the caution when an oil line came loose and he put oil down on the track. The cleanup took about 20 minutes.

Tommy Joe Martins brought out the caution late in the session with smoke coming from the car and then a small fire in the right front of the car.