The History of NASCAR

Posted by admin on Dec 19th, 2009 in Finance, Investment | 0 comments

The National Association for Stock Car Auto Racing (NASCAR), founded by Bill France Sr. in 1947, is a family-owned and operated business venture that governs multiple auto racing sports events. Second to professional football, NASCAR is one of the most watched professional sports in terms of television ratings in the United States.
Sprint Cup season consists of 36 races over a 10 month period and fans often use “Cup” to refer to the Sprint Cup series. Jimmie Johnson has won the last four consecutive Sprint Cup Series drivers’ championships, second only to  Cale Yarborough.
The “NASCAR Nationwide Series” is the second-highest level of professional competition in NASCAR. Then in 2004, NEXTEL claimed sponsorship of the series from R. J. Reynolds, who had sponsored the Winston Cup from 1972 until 2003.  The Anheuser-Busch sponsorship ended at the end of 2007 with the series currently being sponsored by Nationwide Insurance who will become NASCAR’s official insurance agency replacing Allstate. The three largest racing series sanctioned by NASCAR are the Sprint Cup, the Nationwide Series and the Camping World Truck Series.