Xfinity Series News

Xfinity Series News (7158)

NASCAR Xfinity Series News

 

RAB Racing with Brack Maggard and veteran driver Kenny Wallace are teaming up to compete full-time in the NASCAR Nationwide Series in 2011. Wallace, who has over 20 years of experience in stock car racing, will make his debut for RAB Racing driving the No.09 Toyota Camry beginning on Saturday, February 19, 2011, in the DRIVE4COPD 300 at Daytona International Speedway.
Wallace, a native of St. Louis, Missouri, has competed in over 800 events in NASCAR’s top-three divisions, including 488 Nationwide Series starts with nine wins, 10 poles, 63 top-five and 159 top-10 finishes. In 2011, he can become only the second driver in series history to reach 500 career starts. In addition to his on-track accomplishments, Wallace is recognized as one of NASCAR’s most popular drivers and has been awarded the Nationwide Series Most Popular Driver award three times in 1991, 1994 and 2006.
“I’ve been nervous since the final 2010 Nationwide Series race at Homestead trying to find the right fit for next year and now I can finally sleep at night,” Wallace said.“My goal was to find a team with whom I could be competitive and I believe I have found that with RAB Racing, I’m ready to go for 2011. I have known Robby [Benton] and watched him grow his team for the past few years. The relationship with Toyota Racing Development (TRD) is huge and will allow me to be able to work with at least three other Toyota teams, including my brother Rusty [Wallace] and gain valuable information that will help us with the Nationwide program at RAB Racing next year.”
RAB Racing Co-owner Robby Benton shares Wallace’s enthusiasm for 2011. “Having our plans in place before the Christmas holiday is great for team morale and will provide us with ample time to prepare for what we need to do for the upcoming season,” Benton stated. “We’ve made significant changes at RAB Racing over the last few months in an effort to elevate our program. Our alliance with Toyota, the relationship we have with TRD and now adding Kenny to the mix, will bring some depth to our program. It also helps tremendously having a driver with Kenny’s notoriety. People love him and hopefully we’ll be able to reinvigorate his fan base.”
Currently, RAB Racing has 16 races with primary sponsorship, beginning with the University of Northwestern Ohio at Daytona International Speedway in February. Additional sponsors include Federated Auto Parts and Family Farmers, a coalition of corn and soybean farmers. Sponsorship opportunities are still available for the remaining 18 events.
“We have a lot going on within our marketing department right now,” Benton said, “and I feel pretty confident about having all 34 races sold before the Daytona event in February.”
Credit: RAB Racing Press Release

David Stremme told Sirius NASCAR Radio's Sirius Speedway with Dave Moody that he is working hard to assemble a NASCAR Nationwide Series team for 2011.

"I’ve got my own shop -- right next door to Rusty Wallace Racing -- and we’ve got enough room to run a good Nationwide team there. I purchased some Nationwide cars and have all the equipment I need to run them, but it’s all about the funding. I might own some of the operation, or maybe someone else will own part of it.

 

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After being vacant for more than a year, Memphis Motorsports Park sold at a live auction Tuesday morning for slightly less than $1.9 million.

Independent investor Joe Lubeck placed the highest bid for the tract – $1.875 million – after the bidding opened at $3 million. Lubeck is managing partner of Jupiter, Fla.-based Palm Beach International Raceway, formerly Moroso Motorsports Park. Jason Rittenburry, Lubeck’s partner, ran the track for 11 years.

The bidding took place onsite at one of the facility’s parcels, 5500 Victory Lane, near Millington. The property’s two tracts were sold as a whole after Morris Auction Group LLC had publicized it could be sold as separate tracts or together.

The multi-track complex includes a 0.75-mile asphalt oval, a 0.25-mile championship drag strip and a 1.77-mile road course.

The auction drew a big crowd but only a few serious bidders. After no bids at the opening price, Morris Auction Group quickly dropped the price to $2 million and then $1.5 million.

“Guys, we’re really below value here,” said Morris Auction Group owner and namesake Jeff Morris, after little interest appeared in the room. “This is for the whole thing.”

In April, Andy Cates and Preston Thomas of Colliers International listed Memphis Motorsports Park for $6 million, a price “substantially below value,” according to the website created by the commercial real estate firm to sell the property.

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Credit: Sarah Baker - Memphis Daily News