Ganassi and DEI Reportedly In Merger Talks

Ganassi and DEI Reportedly In Merger Talks

Ganassi and DEI Reportedly In Merger Talks

CIA Stock Photo, Inc.


Chip Ganassi Racing with Felix Sabates and Dale Earnhardt Inc. have entered discussions that could lead to a merger between the two organizations.

Such a union would bring together the Nos. 41 and 42 cars of Ganassi and the Nos. 1 and No. 8 cars of DEI, according to the report.

Juan Montoya drives the No. 42 car, but Ganassi has not named a driver for the No. 41 car. Martin Truex Jr. is the driver of the No. 1 car, and Aric Almirola drives the No. 8, which has not named a sponsor for next year.

So how would a merger with DEI help Chip Ganassi Racing with Felix Sabates?

“They have a sponsor for one and a half cars and we have a sponsor for one and a half cars, that makes three cars, doesn’t it?” Sabates said. “The same thing with Petty. They’ve got one car. There are other people out there, too.”

Ganassi has also talked with Petty Enterprises about a possible merger.

What this merger mania is all about is simple—a dramatic shortage of sponsorships. Running a top-flight NASCAR Sprint Cup operation costs $25 million to $30 million a year. In the current economic climate, new money is hard to come by, and some old money is drying up.

Now it appears that Ganassi has only the $22 million Target sponsorship and a 12-to-15 race Wrigley’s sponsorship ... and Juan Pablo Montoya, an ex-Formula One star.

Putting Montoya in a Chevrolet would seem a big-game move by General Motors. But GM is in the midst of potential merger talks of its own with Chrysler, and that has everything about Dodge up in the air.

 

You could get van insurance for as little as £276 (based on quotes provided to 10% of callers. (Source: MORE TH>N BUSINESS October 2009) when you buy online as well as other great offers when you buy a business insurance product.

With our home insurance policy, when you buy buildings insurance, we'll give you contents insurance up to £75,000 absolutely free! or for contents worth more, try our high value home insurance cover

Buy pet insurance online and benefit from a 20% discount! From 8 weeks old onwards, your pet cat or dog will be covered regardless of its age (covers each new injury or illness up to £7000).

Free helplines for legal advice, medical advice and post-accident counselling, and discounts on our breakdown cover with our car insurance UK based personal customer manager.

Apply at MORE TH>N and we'll give you the best quote from our panel of leading insurers to help find you the cheapest life insurance policy. Prices start from only £5 a month.

Choose a Newsfeed
use the newsfeed below to search the full Auto Racing Daily story archive