Survival of the Fittest? – NASCAR Teams Look to Consolidation
… Consolidation on the Horizon and it appears more likely than ever that Michael Waltrip Racing (MWR) led by Robert Kauffman will acquire Chip Ganassi Racing.
Additionally, speculation is running rampant – Gillette Evernham Motorsports (GEM) will acquire Bill Davis Racing (BDR). With BDR having yet to secure a replacement for Caterpillar for the #22 Toyota Camry, the value proposition of the proposed acquisition appears to be strictly around the coveted partnership with Toyota Motorsports …
Tags: BDR Bill Davis Racing Chip Ganassi Racing Dodge GEM Gillette Evernham Motorsports M&A Michael Waltrip Racing MWR NASCAR Penske Racing Richard Petty Racing Robert Kauffman Sprint Cup Toyota
The Future of Michael Waltrip Racing (MWR)?
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Tags: Chip Ganassi Racing Michael Waltrip Michael Waltrip Racing MWR NASCAR
Team Consolidation on the Horizon
… Fortress Investment Group who last year purchased and secured control of Michael Waltrip Racing (MWR) looks now to be leading a movement of NASCAR Sprint Cup Team Owners to survive through consolidation. Personal friendships may even play a significant part in the boardroom discussions. The likely first deal will be the merger of Chip Ganassi Racing and MWR. Both teams currently field 3 Sprint Cup teams and the merged entity would likely be a 3-4 team Sprint Cup organization – a net loss …
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