Franchitti's NASCAR team shut down

July 1, 2008

CHARLOTTE, N.C.(AP) -- Co-owner Chip Ganassi has ceased operation of Dario Franchitti's race team because of a lack of sponsorship.

The 2007 Indy 500 winner and IRL Series champion, who drives Ganassi's No. 40 Dodge, has struggled in his first NASCAR season.

Longtime sponsor Coors Light left at the end of last season, and Ganassi was unable to secure funding for Franchitti.

"If I keep going I run the risk of dragging the other two teams down. I don't want to do that," Ganassi told the Associated Press. "There's no money. It makes no sense to be running this out of my pocket. I had to put a stop to it."


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2015 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 22787264 - local8now.com/a?a=22787264
Gray Television, Inc.