Pocky's Paddock
A NASCAR BLOG BY Bob Pockrass
- TEXT SIZE: Increase Text Size Decrease Text Size Reset Text Size
- No Comments. Leave a Comment
- Digg This
- Add to Del.icio.us
- RSS Feeds
Taking on investors just first step
Jun
12
Now that Petty Enterprises has an investor and an influx of cash, all should be right in the Petty world. The team will be competing for wins and championships soon.
That’s a pretty nice theory. But that’s all it is. Where does it ever say that money alone is the ingredient that will produce results? Roger Penske has a lot of money but his race teams have never won a NASCAR championship. Chip Ganassi Racing and Dale Earnhardt Inc. might not have the budget of a Hendrick Motorsports, but it’s hard to imagine that it’s just been money that’s been holding them back as of late.
It’s what Petty Enterprises does with this money that will determine whether it begins to compete for wins. Richard Petty said yesterday that he has been so busy trying to get the investor deal done with Boston Ventures that he doesn’t know yet what how the company will allocate the funds. Should it be for more testing? A seven-post rig? More equipment? What comes first?
With this investor, the pressure truly is on Petty Enterprises. The excuse of not having the resources can’t be used three or four years from now if the Petty teams are not competing at least occasionally for wins. They will need to make the right decisions on equipment and testing and personnel. They will need to be willing to make changes if progress isn’t being made.
The announcement yesterday by the Pettys was not the move that will restore the Pettys to glory. It was a step. It was an important step. But there are bigger and tougher steps still to come.
That’s a pretty nice theory. But that’s all it is. Where does it ever say that money alone is the ingredient that will produce results? Roger Penske has a lot of money but his race teams have never won a NASCAR championship. Chip Ganassi Racing and Dale Earnhardt Inc. might not have the budget of a Hendrick Motorsports, but it’s hard to imagine that it’s just been money that’s been holding them back as of late.
It’s what Petty Enterprises does with this money that will determine whether it begins to compete for wins. Richard Petty said yesterday that he has been so busy trying to get the investor deal done with Boston Ventures that he doesn’t know yet what how the company will allocate the funds. Should it be for more testing? A seven-post rig? More equipment? What comes first?
With this investor, the pressure truly is on Petty Enterprises. The excuse of not having the resources can’t be used three or four years from now if the Petty teams are not competing at least occasionally for wins. They will need to make the right decisions on equipment and testing and personnel. They will need to be willing to make changes if progress isn’t being made.
The announcement yesterday by the Pettys was not the move that will restore the Pettys to glory. It was a step. It was an important step. But there are bigger and tougher steps still to come.
Login
Search
Other Blogs
Recent Blog Postings
- Bad blood good for sport
by Kenny Bruce | 10/11/2008 - “T. Taylor” has given all of us a great legacy
by Steve Waid | 10/10/2008 - No other track like Lowe's Motor Speedway
by David Exum | 10/10/2008 - Crew chief puts job hunt on hold for a week to help others
by Bob Pockrass | 10/10/2008 - Landon Cassill is just one heck of a friendly guy
by Jeff Gluck | 10/10/2008 - Night time the right time for Sprint Cup Chase races
by Bob Pockrass | 10/09/2008 - It appears, for some NASCAR teams, an experiment has failed
by Steve Waid | 10/09/2008
Poll Position
Who should get credit for the win in Sunday's NASCAR Sprint Cup race at Talladega Superspeedway?
No Comments
Be the first to comment on "Taking on investors just first step". Login or sign up for a free account below to post your comment