Category Archives: NASCAR

NASCAR Implements Team Owner Charter Agreement for NASCAR Sprint Cup Series

DAYTONA BEACH, Fla. (February 9, 2016) – During a historic event held today in Charlotte, N.C., NASCAR Chairman and CEO Brian France joined with NASCAR Sprint Cup Series team owners to announce a landmark long-term agreement that provides teams with increased business certainty and the ability to work more closely with NASCAR to produce best-in-class racing.

In effect as the 2016 NASCAR season prepares to kick off this weekend, the new Charter system addresses three key areas – participation, governance and economics – to promote a more predictable, sustainable and valuable team business model. The agreement grants NASCAR Sprint Cup Series Charters to 36 teams, establishes a Team Owner Council that will have formal input into decisions, and provides Charter teams with new revenue opportunities including a greater interest in digital operations.

“Today represents a landmark change to the business model of team ownership in NASCAR,” France said. “The Charter agreements provide nine years of stability for NASCAR and the teams to focus on growth initiatives together with our track partners, auto manufacturers, drivers and sponsors. The Charters also are transferable, which will aid in the development of long-term enterprise value for Charter members.”

The system affords Charter teams that remain in good standing more predictable revenue over the nine years of the agreement. Along with improved financial certainty, the new framework is designed to increase the long-term market value of teams and provide the ability to plan farther ahead with existing, new and prospective partners.

Similar to the five-year sanctioning agreements that NASCAR begins with tracks in 2016, team owner Charter agreements allow for longer planning cycles around competition, innovation, digital marketing, governance and research and development.

“The new Charter program strengthens each of our businesses individually and the team model as a whole, which is good for NASCAR, our fans, drivers, sponsors and the thousands of people who we employ,” said Rob Kauffman, co-owner of Chip Ganassi Racing. “This will give us more stability and predictability, and it will allow us to take a more progressive, long-term approach to issues.

“NASCAR and the teams share a desire to preserve, promote and grow the sport and ultimately produce great racing for our fans and partners. These common goals served as the foundation for discussions and helped bring us to this unprecedented agreement. This is a great step forward for the entire sport made possible by Brian France setting a new course for the NASCAR industry and the owners coming together on shared issues. Everyone involved then compromised a bit to be able to come up with something that worked for all.”

Each Charter team owner has a guaranteed entry into the field of every NASCAR Sprint Cup Series points race. To maintain the historical openness of NASCAR racing, the balance of the field will be open for team owners who do not hold Charters. These Open team owners will compete for the remaining starting spots and positions in the race, as each event in the NASCAR Sprint Cup Series’ starting lineup shifts in 2016 to a 40-car field.

“The new team owner agreements will offer a more appealing environment for both current and prospective team owners at the NASCAR premier series level,” France said. “I’ve always stressed that if we can do things to improve the business of our stakeholders, we will pursue it. I’m very proud of what we’ve accomplished today with this agreement

NASCAR Charter teams

(Listed by historical inception of race team entity, then numerical)

2015 Car #

2016 Car # Organization
43 43 Richard Petty Motorsports
9 44 Richard Petty Motorsports
3 3 Richard Childress Racing
27 27 Richard Childress Racing
31 31 Richard Childress Racing
2 2 Team Penske
22 22 Team Penske
5 5 Hendrick Motorsports
24 24 Hendrick Motorsports
48 48 Hendrick Motorsports
88 88 Hendrick Motorsports
6 6 Roush Fenway Racing
16 16 Roush Fenway Racing
17 17 Roush Fenway Racing
1 1 Chip Ganassi Racing
42 42 Chip Ganassi Racing
11 11 Joe Gibbs Racing
18 18 Joe Gibbs Racing
20 20 Joe Gibbs Racing
15 TBD Michael Waltrip Racing
55 TBD Michael Waltrip Racing
4 4 Stewart-Haas Racing
10 10 Stewart-Haas Racing
14 14 Stewart-Haas Racing
78 78 Furniture Row Racing
35 34 Front Row Motorsports
38 38 Front Row Motorsports
47 47 JTG Daugherty Racing
7 7 Tommy Baldwin Racing
13 13 Germain Racing
32 32 Go Fas Racing
23 23 BK Racing
83 83 BK Racing
62 62 Premium Motorsports
33 95 Circle Sport Racing
51 15 HScott Motorsports


Stalk It™ to Sponsor BK Racing in Daytona 500

HUNTERSVILLE, NC (February 7, 2016) – BK Racing is welcoming Stalk It™ as a partner for the upcoming Daytona 500 with driver Robert Richardson Jr. Veteran NASCAR Crew Chief, Mike Ford, will lead the effort.
Stalk It™ is an innovative eco-driven longboard company that uses CornBoard™ in the construction of its custom, hand-crafted longboards. Utilizing innovative CornBoard™ material allows Stalk It™ to reduce dependency on wood products while creating boards that are high-performance with low-ECO impact. All Stalk It™ boards are hand-made in the USA.
“We are excited to be heading to Daytona with BK Racing and Robert,” said Stalk It™ Founder, Lane Segerstrom. “We’re happy to be able to continue supporting his efforts in NASCAR.”
“I feel very blessed with the opportunity to be back in the driver’s seat for Daytona,” said Richardson Jr. “I can’t thank Lane and Stalk It™ enough for coming on board. I’m looking forward to working with Mike (Ford) and the entire BK organization.”
Qualifying for the Daytona 500 is on Sunday, February 14th and can be seen live on FOX at 1:00 ET.
About BK Racing, LLC
BK Racing is a NASCAR Sprint Cup Series Toyota Racing team headquartered in Charlotte, North Carolina. Founded in 2012 after acquiring the assets of Red Bull Racing, BK Racing’s staff of 60+ employees work to field the No. 23 Toyota Camry driven by David Ragan and the No. 83 Toyota Camry driven by Matt DiBenedetto. 2016 marks BK Racing’s 5th consecutive full-time season in the NASCAR Sprint Cup Series.

Doug Fritz Named Chief Marketing Officer at BK Racing

HUNTERSVILLE, NC (January 27, 2016) – BK Racing announced today that industry veteran Doug Fritz has joined the team as Chief Marketing Officer.
Fritz assumes a wide scope of responsibilities as he spearheads and manages all aspects of the team’s marketing, business development and digital content strategies.
Fritz arrives at BK Racing with over 25 years of experience in the motorsports industry, including a decade of service as Sr. Director of Marketing and Business Development for NASCAR, as well as Chief Executive Officer of Iowa Speedway and President of the Richmond International Raceway.
“I am very excited to join Ron Devine and BK Racing. With the recent announcements of Matt DiBenedetto returning and the signing of David Ragan, this team is positioning itself to accomplish great things in 2016 and beyond.”
Fritz has also served as the Director of Corporate Administration at International Speedway Corporation (ISC). ISC is recognized as one of the leaders in the motorsports entertainment industry and parent company of 12 speedways; including Daytona International Speedway, home of the Daytona 500. Most recently, Fritz was Managing Director, Business Development and Event Operations for SP+ Gameday.
Fritz is a visionary in the motorsports industry and his leadership abilities have been recognized with several prestigious awards. He was named Henrico County VA Business Leader of the Year in April 2005, one of Richmond Times-Dispatch‘s “Most Influential Sports People” in 2007, as well as USAC Silver Crown Promoter of the Year in 2008. He is also the author of “A Moment with a Legend” story in the 2009 Chicken Soup for the NASCAR Soul book.
“Doug has been an influential figure on the business of NASCAR for many years,” said team owner Ron Devine. “He has a very broad perspective of the sport and I am confident that he’ll have a positive impact as we continue on our path of forward progress.”
Fritz graduated from Virginia Tech in 1981 with a bachelor’s degree in marketing management. He is the proud father of two and currently resides in Cornelius, NC. Fritz begins his position with BK Racing on February 1st.
About BK Racing, LLC
BK Racing is a NASCAR Sprint Cup Series Toyota Racing team headquartered in Charlotte, North Carolina. Founded in 2012 after acquiring the assets of Red Bull Racing, BK Racing’s staff of 60+ employees work to field the No. 23 Toyota Camry driven by David Ragan and the No. 83 Toyota Camry driven by Matt DiBenedetto. 2016 marks BK Racing’s 5th consecutive full-time season in the NASCAR Sprint Cup Series.