Blog Entry

Red Bull future looks bleak

Posted on: September 24, 2011 9:13 am
 
By Pete Pistone
 

The future of Team Red Bull is looking extremely dire as team officials continue to search for investors to keep the organization afloat after this season.

Parent company Red Bull announced its intention to leave NASCAR at least from an ownership capacity earlier this year, leaving general manager Jay Frye the daunting task of finding replacement owners and finances. 

The situation took a turn for the worse this week when Red Bull filed a notice as part of North Carolina's Worker Adjustment and Retraining Notification Act that it expects to layoff more than 150 employees by Dec. 17, 2011. 

Frye has so far been unsuccessful uncovering investors to save the beleagured operation, which fields the two car tandem of Kasey Kahne and Brian Vickers in the Sprint Cup Series. 

Former open wheel star Jacque Villeneuve was recently attached as part of a potential new ownership group, but as of now nothing concrete has materialized from those discussions. 

While Kahne’s future is set with Hendrick Motorsports next season, Vickers has not been associated with another ride and his future is very much up in the air.

“Every day I show up to the race track, my job is to go win,” Vickers said last weekend at Chicagoland Speedway. “I don’t believe those situations change anything. If Red Bull was staying three more years and I was planning on being in the car, I’d still want to come here and win the race.

“That would still be my job whether they’re staying or not. At this level of the sport, there’s always pressure to perform. My job and the job of this team is to go out and win the race. If we do that, that’s the best thing we can do for all of our situations.”
 

 
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Comments

Since: Jan 7, 2007
Posted on: September 25, 2011 10:00 pm
 

Red Bull future looks bleak

Don't they also sponsor that event where people build things and push them off a dock and see how far they can fly before they land in the water?



Since: Jun 26, 2007
Posted on: September 25, 2011 8:22 pm
 

Red Bull future looks bleak

Red Bull has its hands in everything from winter sports stars, BMX, MX, auto racing here and in Europe, airplane racing, boat racing, on and on. It was just a matter of time before they cut back somewhere.


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