BUSCH: Parker Racing To Auction Race Shop

MOORESVILLE, N.C., (Dec. 13, 1999) After more than 10 seasons as a mainstay in the NASCAR Busch Series Grand National Division, team owner Ron Parker decided to close the doors on his operation. Now he's having his going-out-of-business ...

MOORESVILLE, N.C., (Dec. 13, 1999) After more than 10 seasons as a mainstay in the NASCAR Busch Series Grand National Division, team owner Ron Parker decided to close the doors on his operation. Now he's having his going-out-of-business sale.

According to the team's website, Parker's No. 72 Chevrolets posted four victories, 76 top-10's and over $2 million in winnings. However, in the wake of a disappointing 1999 season, Parker felt it was time to remove himself from the sport completely. Thus, he will hold an auction this weekend at the team's Mooresville, N.C., shop.

"After 13 years of involvement as a sponsor and almost 11 years as a team owner, I find it necessary to discontinue operations of Parker Racing, Inc. as well as sponsorship involvement of my company, MGM Brakes," Parker said. "For the first 10 seasons of Parker Racing (1989 - 1998), we only had three drivers -- a statement of loyalty in which I place a great deal of importance.

"We went into the 1999 season with high hopes which were dashed early on when we failed to qualify for Daytona for the first time in 11 visits to the season-opener. I have always welcomed the increase in competition from year to year but never expected such a quantum leap from one season to the next. We obviously were unprepared and it didn't get any better."

Thus, on Oct. 25, the team shut down operations for good, enabling its employees - including Parker -- to seek and/or focus on other opportunities.

"We gave it our best shot, but it wasn't enough to compete at the new competitive level of the NASCAR Busch Grand National Series," Parker said. "I have always tried to be a hands-on owner, rarely missing a race. When I first founded Parker Racing, Inc., in 1988, I was able to balance both the race team and the responsibilities as president, chairman, CEO and majority owner of Indian Head Industries. A competitive race team of the new millennium requires 100 percent devotion of the full team, including the leadership of the team owner.

"At the same time, the heavy-duty transportation industry is breaking all time records in production, and my company, MGM Brakes, demands much more of my time than ever since my purchase of the company in 1984. After our disappointing results at the racetrack, it became quite evident of the difficult choices that had to be made.

"We have great respect for the NASCAR Busch Series officials and the people affiliated with the regular Busch Series teams and they will be missed. It's been a great ride but it's time to move on to other priorities. Of course I have my family that is of the highest priority."

The auction, which will be conducted by Charlie Sentman, begins Saturday at 10 a.m. ET., and will conclude Sunday. A preview date is set for Friday from 9 a.m. - 6 p.m.

nascar.com

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Series NASCAR XFINITY