Home / News / NASCAR News for Wednesday, April 1, 2009

NASCAR News for Wednesday, April 1, 2009

McMurray’s Assets Frozen

The Dallas Morning News reported on Monday that Jamie McMurray, driver of the No. 26 Crown Royal Ford, is currently locked in a battle to have his investment assets unfrozen. McMurray’s accounts were frozen as they were set up through the Stanford Financial Group, currently under investigation for being a Ponzi scheme.

McMurray claimed in a federal court filing that the frozen funds are used to pay employees of his own racing outfit and to purchase equipment required for the upkeep of the race vehicles.

McMurray admitted to purchasing a CD (Certificate of Deposit) from Stanford International Bank (part of Stanford Financial Group), but claims that it is held separately from the rest of his frozen accounts.

As a result of the freeze, McMurray will likely be forced to file an extension on his income taxes because he cannot cover the taxes with the money he has on hand.

New Team to Debut in the Camping World Truck Series

A new family-owned team, BNB Racing, out of Southampton, NJ, has announced plans to enter four Camping World Truck Series races this season, starting with the June 27th event at Memphis Motorsports Park.

The driver will be 45 year old Paul Bamburak, a long time short track campaigner originally from New Jersey who raced a late model truck last season at Caraway Speedway According to the team’s website, Bamburak is a former team owner in the now NASCAR Whelen Modified Series.

Sponsorship Issues for the HT Motorsports No. 25

SceneDaily is reporting that it is unclear whether the HT Motorsports No. 25 truck, driven so far this season by Terry Cook, will be able to make the trip to Kansas Speedway for the April 25th event due to a lack of sponsorship.

The team committed to doing the first four races of the season regardless of sponsorship before the season began. Cajun Industries came aboard the No. 25 for Daytona, but since then, the team has had no outside sponsorship. Harris Trucking Co., which has been the quarter panels of the truck this season, is actually the trucking company owned by team owner Jim Harris.

The No. 25 truck has been quite competitive this season, running well at Daytona and being in position to potentially win at Atlanta. After Monday’s race at Martinsville, Cook is a strong sixth in points, with two top five finishes.

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About Phil Allaway

Phil Allaway
Phil Allaway has three primary roles at Frontstretch. He's the manager of the site's FREE e-mail newsletter that publishes Monday-Friday and occasionally on weekends. He keeps TV broadcasters honest with weekly editions of Couch Potato Tuesday and serves as the site's Sports Car racing editor. Outside of Frontstretch, Phil is the press officer for Lebanon Valley Speedway in West Lebanon, N.Y. He covers all the action on the high-banked dirt track from regular DIRTcar Modified racing to occasional visits from touring series such as Tony Stewart's Arctic Cat All Star Circuit of Champions.

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