Comments on: Mergers, Mergers Everywhere http://www.thenascarinsiders.com/2008/09/16/mergers-mergers-everywhere/ A blog by insiders for outsiders Tue, 09 Mar 2010 19:47:17 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Journo http://www.thenascarinsiders.com/2008/09/16/mergers-mergers-everywhere/comment-page-1/#comment-1347 Journo Wed, 17 Sep 2008 21:47:05 +0000 http://www.thenascarinsiders.com/?p=185#comment-1347 CVT - The Target sponsorship is a blanket deal covering both IRL teams and the Cup team. It does not matter who is in the car as long as it is someone. Not to mention they have a long term contract with Ganassi that keeps them as the sponsor of that car beyond this season and next. That 19 or 20 year partnership is not going to be ending any time soon. As far as Wrigley's goes, as reported all over the business world when the merger took place and we have addressed it on here on at least one occassion, Wrigley's is operating as a completely seperate entity of Mars. They maintain their CEO from before the merger and all sponsorship deals are handled solely by Wrigleys. Any sponsorship deals Mars has are completely seperate. They too are committed to the team through at least next season. I can tell you if Chip was not committed to the Cup side of his business, he would not have his company run out of Concord. They would all be in Indianapolis or Pittsburgh where he lives. CVT – The Target sponsorship is a blanket deal covering both IRL teams and the Cup team. It does not matter who is in the car as long as it is someone. Not to mention they have a long term contract with Ganassi that keeps them as the sponsor of that car beyond this season and next. That 19 or 20 year partnership is not going to be ending any time soon.

As far as Wrigley’s goes, as reported all over the business world when the merger took place and we have addressed it on here on at least one occassion, Wrigley’s is operating as a completely seperate entity of Mars. They maintain their CEO from before the merger and all sponsorship deals are handled solely by Wrigleys. Any sponsorship deals Mars has are completely seperate. They too are committed to the team through at least next season.

I can tell you if Chip was not committed to the Cup side of his business, he would not have his company run out of Concord. They would all be in Indianapolis or Pittsburgh where he lives.

]]> By: cvt http://www.thenascarinsiders.com/2008/09/16/mergers-mergers-everywhere/comment-page-1/#comment-1302 cvt Wed, 17 Sep 2008 15:07:19 +0000 http://www.thenascarinsiders.com/?p=185#comment-1302 I have a nagging feeling Ganassi is going through a negotiated wind-up of his Cup team. I find it curious that they would confirm Target is back next year without specifying a driver, normally of paramount importance to a sponsor. Ganassi has delivered in the IRL for Target, but NASCAR is exponentially more expensive. As I've written before, I wonder if the Wrigley's sponsorship doesn't go to JGR after the merger with Mars is voted on next week. I have to believe CG has looked in his crystal ball and it's telling him to stick with Indy Cars. I have a nagging feeling Ganassi is going through a negotiated wind-up of his Cup team. I find it curious that they would confirm Target is back next year without specifying a driver, normally of paramount importance to a sponsor. Ganassi has delivered in the IRL for Target, but NASCAR is exponentially more expensive.

As I’ve written before, I wonder if the Wrigley’s sponsorship doesn’t go to JGR after the merger with Mars is voted on next week.

I have to believe CG has looked in his crystal ball and it’s telling him to stick with Indy Cars.

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