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DEI buying Ginn? UPDATE: hearing a deal could be announced in the next week or so, where Dale Earnhardt Inc. would buy into or outright Ginn Racing. Ginn Racing currently fields the #01-Mark Martin/Regan Smith, #13-Joe Nemechek and #14-Sterling Marlin teams.(7-16-2007) UPDATE: Dale Earnhardt, Inc. [#s 1, 8, 15] and Ginn Racing [#s 01, 13, 14] are working on a merger agreement that, if finalized, would meld the two organizations into a single company, multiple sources close to negotiations told ESPN.com on Monday. The deal is not done, but a decision will be made soon. Both organizations hope, sources said, to firm up outstanding details and announce a partnership immediately. This deal is an elaborate proposition that entails several obstacles, including how best to reduce from six Nextel Cup teams to the maximum four. The obvious answer, sources said, would be to eliminate Ginn's financially-strapped #13 and #14 teams.(ESPN.com)(7-16-2007)
UPDATE 2: Tim Packman talked with Dave Moody on Sirius Speedway Tuesday afternoon and stated that Dale Earnhardt, Inc. has entered into a meger/acquisition of Ginn Racing. Reportedly, the #13 team's points will go to #15-Paul Menard and he will be locked into the field. #01-Mark Martin will drive at Indianapolis under the DEI banner, and possibly the #14 team points will be sold to Furniture Row Racing and #78-Kenny Wallace to lock him into the field. It is unknown what will happen to Regan Smith, who was scheduled to drive the #14 this weekend.(7-24-2007) UPDATE 3: ESPN's David Newton reported on NASCAR Now Tuesday that #01-Mark Martin, #1-Martin Truex, Jr., #ale Earnhart, Jr, and #15-Paul Menard will drive for DEI this weekend at the Brickyard. Menard will be locked into the race using the #14 team's points. Ginn Racing CEO Jay Frye will stay with DEI. DEI will move it's motorsports operations to the Ginn facilities in Mooresville, NC. A determination has not been made on Regan Smith's future with the team. An announcment should come sometime Wednesday.(7-24-2007)
No crew chief changes at the new DEI: There will be no immediate crew chief changes as a result of the Dale Earnhardt Inc.-Ginn Racing merger, but not all the crew chiefs will work out of the same shop. Paul Menard's #15 team will move immediately into the Ginn Racing building, where the former Ginn #01 team also will be housed, DEI Vice President John Story said Thursday. The DEI teams of #1-Martin Truex Jr. and #ale Earnhardt Jr. will remain at the current DEI shop until the end of the season. As far as drivers, Mark Martin and Aric Almirola will complete the season co-driving the #01 car. That leaves Regan Smith, who was named last week to drive the now-defunct #14 Ginn car, without a Cup ride. Having started the year as Martin's co-driver, Smith will compete in the Craftsman Truck Series race Friday night in Indianapolis. The rest of the schedule for Smith is still being evaluated. As far as crew chiefs, Dave Charpentier, who became Menard's crew chief in June, will remain as his crew chief, and Ryan Pemberton remains with Mark Martin. Former Ginn crew chiefs Richard "Slugger" Labbe and Peter Sospenzo (who worked with the now-defunct #14 and #13 Ginn teams) are in the pool of employees who are waiting to see what happens. Crew chiefs aren't the only ones in limbo: DEI already had two development drivers - Jeffrey Earnhardt and Trevor Bayne - in its fold. With the merger, it also now has Kraig Kinser, Jesus Hernandez and Ricky Carmichael. Story said Carmichael's program is fairly solid because it has sponsorship from Monster energy drink, and DEI currently has Earnhardt's and Bayne's cars sold for the rest of this season. As far as executives, it still is to be determined what role former Ginn Racing Chief Executive Officer Jay Frye will play in the company. "We've only just begun to discuss it," Story said. "Jay has put his heart and soul and blood and guts into this company over the years, and we really want to know what Jay wants to do. We haven't gotten to that point where we've drawn a new [organizational] chart."Workers in the fabrication shop know where they're headed. As part of the transition, DEI will move all of its fabrication work all to the Ginn shop, which has a seven-post shaker rig, a million-dollar piece of machinery that evaluates how a car handles. The Ginn shop has 180,000 square feet in one large room, which will allow all four Cup teams to be on the same floor and should improve communications among the teams, Story said. The two shops are at most 10 minutes apart. Story said the existing DEI shop will house two Busch Series teams in the future, as well as possibly a Craftsman Truck Series program and a two-car Busch East program.(SceneDaily.com)(7-26-2007)
ale Earnhart, Jr, and #15-Paul Menard will drive for DEI this weekend at the Brickyard. Menard will be locked into the race using the #14 team's points. Ginn Racing CEO Jay Frye will stay with DEI. DEI will move it's motorsports operations to the Ginn facilities in Mooresville, NC. A determination has not been made on Regan Smith's future with the team. An announcment should come sometime Wednesday.(7-24-2007)
