No. 21 FOR THE 21ST CENTURY UNDER NEW PARTNERSHIP BROOKLYN, MI - August 19, 2005 - The owners of Wood Brothers Racing and ST Motorsports today announced the formation of a new partnership - Wood Brothers/TJG Racing - in a press conference today...
No. 21 FOR THE 21ST CENTURY UNDER NEW PARTNERSHIP
BROOKLYN, MI - August 19, 2005 - The owners of Wood Brothers Racing and ST Motorsports today announced the formation of a new partnership - Wood Brothers/TJG Racing - in a press conference today at Michigan International Speedway. The new enterprise will bring together two of the most tenured teams in the NASCAR Nextel Cup and Busch Series' garage, combining the racing heritage of the Wood Brothers and the marketing savvy of ST Motorsports.
Glen Wood, his children Eddie, Len and Kim, along with Tad and Jodi Geschickter, will join forces to establish a racing enterprise that competes in NASCAR's Nextel Cup, Busch, and Craftsman Truck Series. The structure will provide all employees, including drivers, the opportunity to develop his or her career path with a single, Ford factory-backed company.
The Wood Brothers have been running exclusively Ford Motor Company products in NASCAR racing for 55 years, and are the automaker's all-time winningest team. ST Motorsports has been in existence for 11 years, the last two as a Ford-supported Busch Series program.
In 2006, Wood Brothers Racing will continue to campaign the #21 Ford Fusion in NASCAR's Nextel Cup Series. ST Motorsports will continue to field the #47 and #59 Busch Series Fusion entries. The partnership intends to build an additional Nextel Cup team and two Craftsman Truck Series teams.
Wood Brothers/JTG Racing will include a centralized fabrication shop and an engineering department, with the assistance of Ford Racing Technology engineers.
According to Eddie Wood, "Tad found himself looking for help in some areas and we needed assistance in others. The more we talked about our individual strengths, the more we realized that a partnership would allow us both to compete at a higher level. The teams that we compete with daily continue to prove that there is 'strength in numbers.'"
Geschickter added, "Good business plans require an assessment of an organization's strengths, of industry trends, and of the competitive environment. When we considered all of these factors, it was obvious that this partnership would enhance the success of our companies, our employees, and our sponsors."
Wood and Geschickter took their business plan to Ford Racing. When they learned that executives there were equally enthused about the idea, the partnership was formed.
"We're very pleased about this partnership," said Greg Specht, performance operations manager, Ford Racing Technology. "This is a great example of being able to leverage our technical and development resources throughout three different NASCAR series, but within the same operation, in hopes that development can trickle up or down the operation.
"This partnership will allow the Wood Brothers to be able to expand, which is the successful trend in Nextel Cup these days, and is a boost for our driver development program, because there is a clear path for drivers to move to Nextel Cup racing in their careers."
The group will begin work immediately by establishing a base of operation, and by developing its employee, driver, and sponsor base. Partial season sponsorship in 2006 for the #21 Wood Brothers entry from Motorcraft is in place as well as full season sponsorship for the #47 and #59 Busch Series entries from Clorox Bleach and Kingsford Charcoal.