October 04, 2010

NASCAR and Growth Energy Reportedly Close To Sponsorship Deal

SportingNews is reporting that NASCAR and Growth Energy are close to a sponsorship deal.

NASCAR is poised to sign its first new high-profile sponsorship in 20 months and take a significant step forward in the green initiative it began two years ago by aligning with an ethanol lobby group known as Growth Energy.

The deal, which sources said is close to completion, would make Growth Energy an official marketing partner. If completed, the deal also would usher new money into NASCAR at a time when the series and its teams have been challenged by cuts to corporate sponsorship budgets.

Details of the proposed deal were not disclosed and neither party has commented on the deal.

See Also :
Will Nascar Switch To Ethanol Blend In 2011?
Did The IRL Snub American Ethanol Producers?

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