CONCORD, N.C. (Feb. 1, 2000) Cale Yarborough Motorsports has closed its doors, but still has a valid potential buyer, a team source said Monday. For weeks now, reports have filtered in and out of the NASCAR Winston Cup Series that Yarborough's...
CONCORD, N.C. (Feb. 1, 2000) Cale Yarborough Motorsports has closed its doors, but still has a valid potential buyer, a team source said Monday. For weeks now, reports have filtered in and out of the NASCAR Winston Cup Series that Yarborough's No. 98 Fords were out of commission, but team spokespeople would never confirm. Now, it appears they have.
"Naw, the shop's closed up and there's no one here but me and the janitors; that's all the employees left," said an employee of the organization, who chose to be left unnamed.
The source went on to say that the team had no plans to attend Speedweeks 2000, but Yarborough was still in negotiations with "a potential buyer, who might own Indy cars, but I'm not too sure."
Yarborough tried to sell the team no less than three times in 1999, to three separate entities. In the first, a deal was struck with fellow South Carolina businessman Wayne Burdette, but after a third of the season went by Yarborough resumed sole possession of the team.
Two other deals came to the brink of being sealed, but never fully came to fruition. Sources said earlier this year yet another deal had been on the table and came to the point of final papers being drawn, yet it was not completed.
Earlier this month, Yarborough sold his in-house engine operation to Ernie Elliott, who builds engines for several NASCAR Winston Cup Series teams, including that of his brother, former series champion Bill Elliott.
Cale Yarborough Motorsports tested its No. 98 Ford -- a car that apparently was used last fall at Talladega Superspeedway -- at Daytona International Speedway earlier this month with driver Hut Stricklin, but Stricklin has since opted to concentrate his efforts on driving the No. 61 IWX Motor Freight Pontiac in the NASCAR Busch Series Grand National Division.