I’ve been holding off on this story for a couple days waiting to see how it shakes out. At this point so many news sources are reporting it as fact I thought it was time weigh in on it.
Robert Yates Racing and Newman-Haas Racing plan to announce merger plans today at a press conference at IMS.
Long time team-owner Robert Yates spent much of the spring seeking financial partners, eventually giving up on businessmen/bankers and turning to fellow racers. “You sit in a room with about 20 bankers and you spend about 18 hours in there with them and you realize that they didn’t contribute anything to the gross national product except maybe going to the bathroom,” Yates said at New Hampshire International Speedway.
What’s unclear is if this is just an influx of cash or a full on merger with Yates relinquishing some or all of the control for day-to-day operations.
Actor Paul Newman and longtime open-wheel owner/partner Carl Haas own the Champ Car team that fields three-time champion Sebastien Bourdais and Graham Rahal. Yates, owner of a NASCAR Cup team since 1989, won the 1999 Cup with Dale Jarrett. RYR has 48 poles and 57 victories in 1009 team starts and currently fields Fords for Ricky Rudd and David Gilliland with limited success.
IN OTHER NEWS: Rumors are still swirling Ryan Newman’s job is on the line. Some have claimed Newman could become a candidate for the fourth Richard Childress team. Which raises the question, why?
He’s a competent driver and hangs around the top 15 or above (admittedly good for a sponsor) but the reality is he’s had one great year and a bunch of poles, beyond that not much. He’s certainly marketable but I just can’t see him landing at RCR - unless, a sponsor tags along.
I would put a couple bucks on him headed Toyota’s way and a Double Nickle. Assuming Mikey decides the best thing for that team is for him to hang’em up.
(NOTE to Ryan, if you are given the Bums Rush out of the shop door it could be worse. Well, assuming it’s better if you don’t get your walking papers during a race as some have.)
About the only news remaining in NASCAR’s version of baseball’s Hot Stove League is Ray Evernham signing a deal with NHL Montreal Canadiens owner George Gillett Jr.
UPDATE: I guess I can breath easier now, not that I was huffing & puffing or anything close, but when I posted this about twelve hours ago this merger was still speculative.
Now it’s not, and RYR has become Yates/Newman/ Haas/Lanigan Racing. Say that ten times real fast. After a few tall cool ones.
The Half-Vast Staff™ of Full Throttle heard one rumor the new combined ownership had considered the name Supercalifragilisticexpialidocious Racing but had determined the knuckle-dragging redneck demographic of the sport (a/k/a Toyota haters) couldn’t say or spell the name and as a result would automatically think Yates had turned Japanese so the idea was shelved.
Regardless, congrats to Robert and Doug Yates. They have been long-time NASCAR owners and deserve whatever technical assistance this partnership can provide. To say nothing of the smiles it brings to the faces of the Ford Performance group. Ford has always labored under a disadvantage of fielding less cars than Chevy and GM. The last thing they wanted to see is Yates going down the drain.
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