Chip Ganassi Racing is shutting down its NASCAR Xfinity Series program, team officials announced Friday in a statement.
“Due to a lack of sponsorship funding we will cease operation of the No. 42 Xfinity team in 2019,” team owner Chip Ganassi said in a statement Friday. “This was a difficult decision for me to make and it comes with much anguish as this is a championship caliber team (having won six races and finished second in the owners championship) and more importantly because it affects a number of good people’s livelihoods. Running a car without proper funding is difficult to do.”
Team officials had previously announced on the morning of Nov. 9 that Ross Chastain would drive the organization’s No. 42 Chevrolet in the series full time beginning in 2019, with sponsorship from DC Solar.
The program had fielding cars since in the Xfinity Series since 2004, and has totaled 20 wins, 81 Top-5’s, 150, Top-10’s, and 17 pole awards. In 2018, Chastain, Kyle Larson, Justin Marks, Jamie McMurray and John Hunter Nemechek ran races for the program, totaling six wins, 14 Top-5’s, 21 Top-10’s, and three pole awards.
The team’s Monster Energy NASCAR Cup Series program will not be affected as Kyle Larson and Kurt Busch will remain in the No. 42 and No. 1 cars respectively.