Lack of sponsorship causes EGR to park No. 8
April 8, 2009
CHARLOTTE, N.C. (AP) -Aric Almirola became NASCAR's latest casualty of the economic crisis when Earnhardt-Ganassi Racing was forced to park the No. 8 car because of a lack of sponsorship.
Yates Racing closed its No. 28 team last month when it couldn't find sponsorship for Travis Kvapil.
``We did our best to find a sponsor for the (No.) 8 that would take a larger number of races than the one-, two-, three-race deals we were able to do and just have not closed that type of deal yet,'' EGR president Steve Lauletta said Wednesday. ``We are still working hard at it to get Aric and the (No.) 8 back on the track as soon as we can.''
It marks a sad chapter for the No. 8 car, which was the centerpiece at Dale Earnhardt Inc. before the team merged with Chip Ganassi Racing last November. Dale Earnhardt Jr. drove the car for eight seasons at DEI, but his stepmother, Teresa, refused to let him take the number with him when he left for Hendrick Motorsports at the end of 2007.
Instead, Mark Martin and Almirola split the ride with sponsorship from the U.S. Army. That funding ended at the end of last season, at the same time Almirola was scheduled to take over the seat full time.
The team became part of the EGR merger, but Ganassi had consistently warned that the organization would not sustain the car without proper funding. Ganassi paid out of pocket for Dario Franchitti's unsponsored car for six months last season, and the financial strain affected the entire organization.
With Juan Pablo Montoya off to such a strong start to the season - he's 13th in the points - EGR could not risk supporting Almirola and placing its other two sponsored cars in jeopardy. The team also fields a car for Martin Truex Jr.
Almirola is 37th in the Sprint Cup standings, with a season-best finish of 21st at Atlanta last month. His results were not strong enough to woo potential investors, particularly in this poor economic climate. Several teams were forced to release team members in cost-cutting moves, while others merged with stronger organizations and some even went out of business.
EGR had significant layoffs following the merger - DEI closed its No. 01 car driven by Regan Smith when it merged with Ganassi, and more than 100 employees were put out of work.
Guess you never should of let JR go. This team folds, I am calling it right now
Amazing what has happened to the #8 car the last few years,Dale Earnharft must be rolling over in his grave right now since that number has so much history in his family.
JR may get his wish after all. I bet they have a fire sale after this season because Truex is gonna leave and Bass Pro Shops is gonna leave that rests everything on Montoya and Target. Gnassi will take all his shit back and DEI will be a memory.
Teresa Earnhardt and the end of No. 8
April 13, 2009
CHARLOTTE, N.C. (AP) -When Earnhardt-Ganassi Racing suspended operations on Aric Almirola's team, it ensured there won't be a No. 8 on the track this weekend for the first time in 10 years.
That falls squarely on Teresa Earnhardt.
She could have cashed in when the number was hot, and Dale Earnhardt Jr. was willing to fork over a decent chunk of change to take the 8 with him to Hendrick Motorsports. Instead she set a price so high, it figured Junior and Rick Hendrick would never meet her demands.
And for what?
The number was important to the Earnhardt family. Although it was used by 86 different drivers from 1949 until Almirola's final ride two weeks ago at Texas Motor Speedway, it had become as much a part of the Earnhardt legacy as was the elder Earnhardt's feared No. 3.
Ralph Earnhardt used the number in 51 NASCAR starts, and his son, Dale, made his Cup Series debut with the number in the 1975 Coca-Cola 600. It was Dale Earnhardt's only Cup race using his father's number, and it bounced around to multiple drivers for the next two-plus decades.
But when Earnhardt Jr. was ready to go Cup racing, he wanted his grandaddy's number.
Stavola Brothers Racing had used the No. 8 with very limited success for 14 Cup seasons, but left it idling when the team left NASCAR following the 1998 season. Dale Earnhardt Inc. grabbed it for Junior, and he made his calculated Cup debut behind the wheel of the No. 8 at the 1999 Coca-Cola 600 - 24 years after his father's debut in the same race.
A year later, it had grown to one of the most recognizable numbers in NASCAR.
Earnhardt Jr. made 291 starts in the No. 8, winning 17 races and the Daytona 500. He became synonymous with the number, and his die-hard fans eagerly emblazoned everything from ballcaps to body parts with his slanted red 8.
So when he left for Hendrick following the 2007 season, it was natural that he wanted to take the 8 with him.
Only Teresa Earnhardt refused.
She wanted the number back when Earnhardt Jr. was done with it, and it was a reasonable request he might have agreed to. But she also demanded a percentage of the licensing revenue, and agreeing to such a giveaway would have been a ludicrous business decision.
So Hendrick and Earnhardt Jr. walked away from the number that had come to define NASCAR's most popular driver, and instead brokered a more reasonable deal with team owner Robert Yates for the No. 88.
Earnhardt Jr. held his tongue despite his disappointment. He instead set out to start a new brand with the No. 88, and leaving his old number behind actually gave him a clean break from the difficult dealings he'd had with Teresa Earnhardt since she took charge of DEI after Dale Earnhardt's 2001 death.
It didn't take long for Teresa Earnhardt to learn the number had no value without Earnhardt Jr. behind the wheel.
Budweiser didn't want to continue sponsoring the car without him, and Teresa Earnhardt's executive management team was unable to find new funding. So she moved Mark Martin and sponsorship from the U.S. Army to keep DEI's flagship No. 8 afloat.
Although Martin was a fine choice to fill the seat, his merchandise revenue was a monstrous drop-off from what DEI had been pulling in from Junior.
Then DEI deteriorated quickly last season, and when the Army pulled its sponsorship at the end of the year, both the No. 8 and the entire organization were in jeopardy of collapsing.
A late November merger with Chip Ganassi Racing saved Teresa Earnhardt's NASCAR interests, but it was too late for the No. 8. She sent that team to Ganassi without any sponsorship and, in this poor economic climate, no real hope of finding anything that could guarantee the car would stay on the track this season.
EGR tried for four months to keep the team afloat without secure funding, but there's not much new money floating around NASCAR right now and Almirola's tough start to the season didn't help.
So the Cup series will go to Phoenix International Raceway this weekend without the No. 8. Earnhardt Jr., who has a deep respect for NASCAR history, will notice the absence.
No telling if Teresa Earnhardt even cares.
All her fault. Couldn't agree more.
All her fault. Couldn't agree more.
I thought you would agree with that article. ;D
May work out good for JR. With all the money he has he may be able to buy DEI at the fire sale for cheaper than it would of cost him to buy in when Theresa was strong arming before they split.