JD Motorsports notes lagging purses and rising expenses resulted in NASCAR team bankruptcy protection
JD Motorsports was founded in 1983. The team fields entries in the NASCAR Xfinity Series out of their shop in Gaffney, South Carolina.
As a car owner, Johnny Davis has entered 1,650 cars in NASCAR Xfinity Series events. The team has run 240,604 collective laps resulting in 7 top-5s.
Hear from the NASCAR team owner below.
Earlier this year, the team filed for chapter 11 bankruptcy protection. NASCAR rolled into Indianapolis over the weekend, JD Motorsports was absent from the entry list as the team missed their first race in a long time.
Until Indianapolis, the team fielded two car full-time in 2024:
No. 4 Drivers in 2024: Dawson Cram; Patrick Gallagher; Garrett Smithley; Ty Dillon; Thomas Annunziata
No. 6 Driver in 2024: Garrett Smithley; Ty Dillon; Patrick Gallagher; Thomas Annuziata; Armani Williams
The team owner notes that lagging purses and rising expenses have led to their current position. However, as of now, the team doesn’t intend to fold. They are entering a reorganizing period…
NASCAR team files for bankruptcy; Not entered this weekend
Johnny Davis comments
“We’re here working toward racing,” Johnny Davis said in a team release.
“Racing has been a part of my life since I heard the first race engine. It’s what we want to do, and we want to do it well. We want strong cars and a strong program we can sustain.”
Ross Chastain, Ryan Preece, Landon Cassill and Jeremy Clements have all raced for the team throughout their career.
“It has been a particular point of pride in our shop that drivers have started here and gone on to do very well,” Davis said. “We give people a launching pad.”
“What we are able to gather in sponsorship and the small winnings from purses can’t keep us doing what and how we want to do,” he added. “It’s simply a matter of math.”
“Some of the biggest companies in the country have reorganized through bankruptcy,” Davis said. “We’re pushing forward.”
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