Richard Childress Racing to announce plans for a third Cup team ‘at a later date’
With Paul Menard and his family’s home improvement chain sponsorship on the move to Wood Brothers Racing for 2018, Richard Childress Racing has a major funding gap to address.
Menards has adorned the No. 27 Chevrolet for RCR for seven consecutive Cup seasons and is among the last full-season sponsors in NASCAR’s premier series. It assuredly is the most lucrative of RCR’s sponsorships.
Though the team is committed to fielding Chevys for Ryan Newman and Austin Dillon next season, the impending departure of Menard leaves questions about whether RCR will remain a three-car team in 2018.
In a statement Wednesday morning, team chairman and CEO Richard Childress said the team “will be announcing our plans for a third Cup team and our overall 2018 team lineup at a later date.”Here’s the full statement from Childress:
Paul Menard and Menards, Inc. have had a partnership with RCR for seven years. Together, we have enjoyed a tremendous amount of success, including Paul’s emotional win at Indianapolis in 2011. He is a very talented driver and a good friend. Everyone at RCR wishes both Paul and Menards nothing but the best in the future.
Our entire RCR organization is 100 percent focused on getting all three of our Monster Energy NASCAR Cup Series programs in the playoffs this year, and bringing another Cup championship to RCR in 2017.We will be announcing our plans for a third Cup team and our overall 2018 team lineup at a later date.