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Former NASCAR driver Kenny Wallace shared his worries about the financial struggles NASCAR may face, even though the sport is seeing more cars on the track.
NASCAR recently introduced a new rule for the Cup Series that allows the car limit to change depending on the race. If a non-NASCAR driver competes, the number of cars on the track can be increased to 41 from 40. However, during the latest episode of "Coffee with Kenny," Wallace revealed his concern over the current state of the economy.
"That stock market has been losing for like two weeks in a row, and a little bird's telling me—I'm not going to tell you who it is, but he's an ex-CEO, he's retired now, but he's no dummy—he said that car sales are down, things aren't looking good," Wallace said (04:58 onwards).
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"The stock market's been losing, losing, losing. So, I am worried a little bit about NASCAR right now because NASCAR, you know, it takes a lot of money. It takes a lot of money," he added.
Even though Brad Keselowski's RFK Racing and Front Row Motorsports are adding new teams with sponsors joining the sport, Wallace pointed out that NASCAR might struggle to sell sponsorships.
"I am worried about these teams now. NASCAR might not be selling sponsorships right now the way they're used to. This is what my informant told me, they're having a little tough time selling some sponsorships," Wallace said (06:20).
Kenny Wallace also mentioned Helio Castroneves (Trackhouse Racing's No. 91 team) locking in a starting spot for the 2025 Daytona 500 with a special entry via the Open Exemption Provisional (OEP).
"Big enough company that they can handle it all" - Kenny Wallace on Fox covering two series
FOX will broadcast all 17 races of the IndyCar Series this season, including the Indianapolis 500. It also released a trailer for the 2025 IndyCar season, which starts on March 2 in St. Petersburg, Florida, and ends on August 31 at Nashville Superspeedway.
NASCAR fans were upset after FOX started promoting IndyCar and Kenny Wallace commented on the same in the "Coffee with Kenny" episode, saying:
"There's a lot of pissed-off NASCAR fans. How dare Fox TV advertise the IndyCar Series? What about us? What about NASCAR?...Can Will Fox be able to cover both series? Will they make the NASCAR fans jealous? They already have. I know everybody at Fox, obviously, right? I worked there for 15 years. I think they're a big enough company that they can handle it all." (01:15)
Kenny Wallace retired from racing in the NASCAR in 2015 and joined Fox as a reporter for the sport.
