Speed Regisns from Melling Racing

Speed resigns from Melling Racing JACKSON, Mich. (July 17, 1998) Mark Melling, vice president of Melling Racing Enterprises, has announced that Lake Speed has resigned from his duties as driver/general manager of Melling Racing's No. 9 NASCAR...

Speed resigns from Melling Racing

JACKSON, Mich. (July 17, 1998) Mark Melling, vice president of Melling Racing Enterprises, has announced that Lake Speed has resigned from his duties as driver/general manager of Melling Racing's No. 9 NASCAR Winston Cup Series team sponsored by Cartoon Network Wacky Racing, effective this week.

Melling Racing is currently working on a replacement to drive the car beginning with the Pennsylvania 500 at Pocono Raceway on July 26.

Speed tested the Ford at Indianapolis and unofficially ran the 26th best lap of 42 drivers who tested. He hit the wall in the north end of the 2.5-mile speedway on Wednesday but drove the car back to the garage area.

"We have had a very close personal and professional relationship," Melling said. "Lake has helped us through some tough times and has been a tremendous asset. He is one of the nicest guys in all of racing and a joy to work with. We are sorry to see him go."

"We've simply had a very tough season and I felt the team and the sponsor needed a change," Speed said. "I have been hurting since the Sonoma wreck and the incident in New Hampshire aggravated the injury. I don't feel I can function at 100 percent at this time and feel the team needs a driver that can operate at that level.

"I respect the hard work and dedication that my team puts into this operation and would not want to jeopardize their performance for the remainder of the year. I will take the rest of the year to evaluate my racing career. I wish all the best to Melling Racing and to our sponsor Cartoon Network. They have been a pleasure to work with."

Speed joined Melling Racing in 1995 in the dual role of driver/manager. He has been racing at the NASCAR Winston Cup Series level since 1980 and completed his 400th career start earlier this year. Melling Racing has owned and operated a NASCAR Winston Cup Series team since 1981 and has produced more than 30 victories including a championship, all with driver Bill Elliott.

Source: NASCAR Online

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Series Monster Energy NASCAR Cup
Drivers Bill Elliott