NASCAR reacts to Race Team Alliance announcement

Rob Kauffman, co-owner of Michael Waltrip Racing. (Getty Images)

Rob Kauffman, co-owner of Michael Waltrip Racing. (Getty Images)

NASCAR issued a statement Monday shortly after a press release announcing that a group of nine multi-car teams participating in the NASCAR Sprint Cup Series (NSCS) announced they have formed a collaborative business association called the Race Team Alliance (RTA).

According to a press release, the purpose of the organization is to “create an open forum for the teams to explore areas of common interest and to work collaboratively on initiatives to help preserve, promote, and grow the sport of stock car racing.”

Current teams who are the executive members of the RTA include Chip Ganassi Racing with Felix Sabates, Hendrick Motor Sports, Joe Gibbs Racing, Michael Waltrip Racing, Richard Childress Racing, Richard Petty Motor Sports, Roush Fenway Racing, Stewart-Haas Racing and Team Penske.

The organization said it intends to open up its membership to all full time NSCS teams in the “very near future.” MORE>>>

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