Statement from Chip Ganassi On Shutdown of No. 42 Xfinity Series Team

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"Due to a lack of sponsorship funding we will cease operation of the No. 42 Xfinity team in 2019", a statement from team owner Chip Ganassi read.

Chastain, in a three-race deal with Ganassi previous year with DC Solar as his sponsor, earned his first Xfinity Series victory at Las Vegas Motor Speedway. DC Solar has grown its involvement since and sponsored Ganassi drivers Larson and Jamie McMurray in select Monster Energy NASCAR Cup Series races in 2018.

"Running a auto without proper funding is hard to do". The watermelon farmer in Florida did win his first race in Las Vegas evening race where he got his first career win in the Xfinity Series. He was so close winning in Darlington NASCAR Xfinity series, before an accident between him and Kevin Harvick.

A few months later, in December 2018, the home and business of DC Solar CEO Jeff Carpoff was raided by the Federal Bureau of Investigation.

Roush has taken five drivers to championships at NASCAR's second level, most recently Chris Buescher in 2015, and ran two full-time entries past year. The #42 Chip Ganassi Racing team finished in second place in the owners' championship standings.

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Chastain is still set to compete in the Cup Series in the 2019 season, but he is set to do so for Premium Motorsports as the driver of the #15 Chevrolet, so the odds that he will be competitive enough to record decent results on a regular basis are extremely slim.

Chip Ganassi Racing on Friday confirmed it is shutting down its No. 42 Xfinity Series team due to a lack of sponsorship funding. For now, we have no idea who will sponsor Chastain, or who will give him an Xfinity ride for the 2019 season in the NASCAR Xfinity series.

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Ganassi's announcement comes just one day after fellow Cup team Roush Fenway Racing said it was calling off its Xfinity programme for 2019.

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