Chip Ganassi Racing announced it will shut down its Xfinity Series program for the 2019 season, which was scheduled to have Ross Chastain behind the wheel for the 33-race schedule, sponsored by DC Solar.
The announcement came a little over two weeks after agents of the Federal Bureau of Investigation (F.B.I.) raided the home of DC Solar CEO Jeff Carpoff in Martinez, CA and the company’s headquarters in Benicia, Calif.
“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 press statement. “This was a difficult decision for me to make and it comes with much anguish as this is a championship caliber team and more importantly because it affects a number of good people’s livelihoods. Running a car without proper funding is difficult to do.”
In 2018, the No. 42 team had six victories and finished runner-up in the owner’s championship, only behind the No. 00 team of Stewart-Haas Racing. Chastain was victorious in one of his three starts with the team, while Kyle Larson won a quartet of races with John Hunter Nemechek adding one to the column.
Ganassi confirmed that the news would not impact either Larson or Kurt Busch on the Monster Energy NASCAR Cup Series side.