Signs Of The Time, Part 10
Bad news, NASCAR fans. Looks like the slowing economy and high gas prices are starting to take its toll on the automotive sport. Auto Racing Daily ran a story today with the headline “US Economy, Gas Prices Causing Financial Pain In NASCAR,” and said:
I hope this isn’t the beginning of the end for Petty.
There are several NASCAR teams looking for sponsorship and the current economic climate could be making that search more difficult. It’s disturbing to see teams that have been the foundation of the sport facing the possibility of having to stand on the street corner holding a “Will Drive For Food” sign.
I’m hoping Petty Enterprises will get a financial infusion if a deal to partner with a New York-based financial group goes through. Let’s face it, NASCAR without the Pettys would be like Chevy without the bowtie or Ford without the blue oval.
When the good times rolled…
Source:
“US Economy, Gas Prices Causing Financial Pain In NASCAR”
Auto Racing Daily, April 3, 2008
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