Mixed Reaction to Newly Formed RTA
Consisting of Hendrick Motorsports, Joe Gibbs Racing, Richard Childress Racing, Chip Ganassi Racing with Felix Sabates, Richard Petty Motor Sports, Team Penske, Stewart-Haas Racing, Michael Waltrip Racing and Roush Fenway Racing, the newly formed nonprofit Race Team Alliance (RTA) reportedly aims to investigate ways to cut costs and promote the sport to a wider audience, while presenting a unified voice on issues facing racing teams. RTA chairman, Rob Kauffman of Michael Waltrip Racing, stressed the group’s intention for collaboration with NASCAR and racetracks, with the goal of attracting more spectators. Kauffman also noted that, although teams compete on the weekend, they face common challenges, such as risk, revenue and expenses, and there is a lot of common interest among RTA members.
Reaction to the formation of the RTA has been mixed. Some teams have shown interest in joining the group and, it been reported that they will be eligible to do so if the team has attempted to qualify for 95% of the 72 Sprint Cup races in the past two years. Some have suggested that the RTA aims to push NASCAR for a larger cut of a ten-year $8.2-billion TV sponsorship deal. The RTA insists it is being, and will continue to be, transparent in what it hopes to achieve. The response from NASCAR to the formation of the RTA was an announcement by president Mike Helton in which he stated that NASCAR “will continue to do business the way we’ve done business.”
Officially founded by William France Sr. in February 1948, NASCAR has gone through various changes over the decades and today the family owned and operated business oversees more than 1500 races held at over 100 tracks located in 39 US states and Canada. Series sanctioned by NASCAR (National Association for Stock Car Auto Racing) include the Sprint Cup Series, Camping World Truck Series, Nationwide Series, Whelen All-American Series, Whelen Modified Tour, NASCAR Local Racing and the NASCAR iRacing.com Series. NASCAR’s current CEO is the grandson of founder William France Sr., Brian France.