VA
  • TGT on YouTube
  • About TGT
  • The TGT Team
  • How TGT rates
  • Responsible Gambling Advice
  • Contact Our Team
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Billboard Left
Billboard Left
The Grueling Truth - Where Legends Speak / Why Furniture Row Racing is Shutting Down?

Why Furniture Row Racing is Shutting Down?

Why Furniture Row Racing
Publish Date: 09/05/2018
Fact checked by: Mike Goodpaster

This is almost the equivalent of the New England Patriots folding or the New York Yankees relocating out of New York. On Tuesday, September 4, 2018, Furniture Row Racing, the team that won the 2017 Monster Energy NASCAR Cup Series Championship, is shutting down just a year later…

NASCAR has had a lot of good things going lately in which IRP is renovating for a NASCAR comeback, Rockingham was bought and is interested in racing returning, Speedway Motorsports Inc. looking to buy the Nashville Fairgrounds Speedway, Chase Elliott getting a big marketable win. However, this was a hard-blow to NASCAR, how can a team like this suddenly fold despite losing a sponsor? Before everyone yells, “NASCAR is dying!!” Let’s discuss the reasons why this team shut down.

First off, Five Hour Energy is leaving the sport because of Monster Energy is the title sponsor. It’s just like when Cingular Wireless/AT&T left a few years of it being the NASCAR Nextel/Sprint Cup Series and Verizon not being allowed to show their logo’s on David Stremme’s cup car in 2009. It’s hard to compete with a competing brand when one is the title sponsor of the series. According to the Furniture Row GM Joe Garrone, he told the Denver Post.

Secondly, there is definitely something wrong with the money aspect of this sport. There is no way a team like this at this much success can suddenly not afford to race and shut down. According to a recent tweet from Adam Stern, Bass Pro Shops, who sponsors Truex for about half the season pays $10 Million annually. Another person tweeted that a friend told him to run the Xfinity race in February at Daytona with Jr Motorsports needs drivers to show up with $800,000 in sponsorship money! If this doesn’t show something is wrong with NASCAR’s current, unstable business model, I don’t know what does.

Now there are other aspects we need to play into this as well, for instance, Barney Visser, team owner, had a heart attack late in the season last year. He may see this as he winning the championship was great but now it’s time to retire. The team also has a technical alliance with Joe Gibbs Racing dating back to when the team switched from Chevrolet to Toyota in 2016. This team out-ran four Gibbs cars and trust me, this made Joe Gibbs go, “How is Furniture Row running better than us?” Garone also told the Denver Post that coach Gibbs requested a “hefty raise for 2019.”. A tweet from October 18, 2013, from Marty Smith said that Kurt Busch said the “78 turned down sponsor opportunities because Visser wanted Furniture Row on the car if the 78 wins.” So in many cases, the cause can be pointed at both NASCAR and Furniture Row, but I am not looking for who to point a finger at, I am simply looking for WHY NASCAR’s best performing team is shutting down. If anything, NASCAR’s business system is not 100% to blame, it’s 50/50 on NASCAR and Furniture Row.

Now that we have examined why the team shut down, what happens from here? There are early reports of Martin Truex Jr, his crew chief Cole Pearn, and Bass Pro Shops all going to the #19 at Joe Gibbs Racing for 2019 and Daniel Suarez could go to the #95 at Leviane Family Racing in which rumors say they could switch to Toyota and have Gibbs technical support. The #95 is currently open for 2019 with the retirement of Kasey Kahne. Some think Truex could go to the 41, but I really believe Toyota will do anything to keep Truex, especially after winning the championship. Next, the #78 charter and what happens to it. There were discussions a week ago about GMS Racing buying out Furniture Row after losing the BK Racing bid. Perhaps still GMS could get a hold of it or maybe the Gaunt Brothers Racing team with the #96 Toyota.

In conclusion, it is very disappointing to see the defending champion team turn out this way. Yes NASCAR needs to figure out how to cut costs and make it cheaper for everyone. Also yes that Furniture Row could’ve made different moves, but in the end, it is what its. It’ll be interesting to see what will happen with the 78 charter and where Truex could end up in 2019.

Read Also
Come Fly with me: How the 1988-89 Chicago Bulls pushed forward to an NBA dynasty.
Find the best sportsbook to bet on the NBA Playoffs! Prologue: By ...
Esteban de Jesus, Roberto Duran y AIDS (1972-89)
Many of us dream of celebrity sports fame, but only cruel individuals ...
SI Sportsbook Promo
Elmer Ray: The Humble Man of Hastings
"Men judge generally more by the eye than by the hand, for ...
Top 100 remaining 2021 NFL free agents after Day 1
This is the most up-to-date list of available NFL free agents following ...
Ranking the top 200 players in the NFL ahead of the 2021 season
This list isn’t based solely on performances from the 2020 NFL season. ...
Top 100 NFL free agents entering the 2021 offseason
Below is a list of the top 100 free agents available this ...
2020 NASCAR Predictions
It’s almost that time again, Speedweeks is around the corner and the ...
Selecting the Best Player on Every NFL Team Heading into 2019
This article lists the best player on every team in the NFL ...
What the 2021 NASCAR Cup Schedule could look like
  Recently we have learned about what the 2020 NASCAR Cup Schedule ...
Bonus of the month
SI Sportsbook - Get your Free Bet now! Get your Free Bet now!
Latest News
Top 10 Things we learned from week 13 of the NFL season
The Eagles dominated a good Tennessee Titans team ...
Bengals vs. Chiefs: Preview
When people discuss if history repeats itself, they ...
NFL Week 13 SNF Colts vs Cowboys: Odds, Tips and Predictions 12/04/22
📅 Date: Sunday, December, 03 🕚 Game Time: ...
Our Latest YouTube Videos
Video: The Sports Zone: Top Sports News: Luke Fickell is gone, Bengals/Chiefs Preview and more
The Sports Zone: Top Sports News: Luke Fickell is gone, Bengals/Chiefs Preview and more
Video: The NFL Draft Show
The NFL Draft Show
Video: Froggy Talkin Sports W/Ryan & Joe
Froggy Talkin Sports W/Ryan & Joe
Betting Tips
Top Betting Sites
Top Betting Bonuses
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
97/100
BetRivers.com
BetRivers.com
BetRivers.com Review
95/100
BetMGM
BetMGM
BetMGM Review
94/100
DraftKings
DraftKings
DraftKings Review
92/100
FanDuel
FanDuel
FanDuel Review
90/100
SI Sportsbook
SI Sportsbook Bonus
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.7/10
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
BetRivers.com
BetRivers.com Bonus
100% up to $500
T&Cs apply
9.5/10
BetMGM
BetMGM Bonus
100% up to $1000
T&Cs apply
9.4/10
DraftKings
DraftKings Bonus
20% up to $1000
T&Cs apply
9.2/10
WynnBET
WynnBET Bonus
Bet $100 Get $100
T&Cs apply
9/10
Our Team
Mike GoodpasterAuthor IconJosh SchwartzSamuel TeetsMark Lewis
+6
Mike Goodpaster
Mike Goodpaster
Chief Editor
Author Icon
Christopher Carlson
Content Writer
Josh Schwartz
Josh Schwartz
Editor
Samuel Teets
Samuel Teets
US Sports Veteran
Mark Lewis
Mark Lewis
Editor
Simon Briffa
Simon Briffa
Sports Editor
Chris Benedict
Chris Benedict
Editor
Author Icon
Malik Zorrok
Author
John Raspanti
John Raspanti
Author
Brian Coburn
Brian Coburn
Author
Peter Bonahoom
Peter Bonahoom
Author
Billboard Left
Billboard Left
Find out what the legends have to say about sports this week....

If you enjoy hearing from the legends of pro sports, then be sure to tune into “The Grueling Truth” sports shows, “Where the legends speak”

Contact us: [email protected]

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccww
Move to Top
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site