JD Motorsports Opens Up About Bankruptcy

What’s Happening?

JD Motorsports has finally broken its long, public silence. On Wednesday, the team issued a press release, their first public comment regarding the recent filing for Chapter 11 Bankruptcy, and highlighted when they expect to be back on the race track. This also comes amidst failing to qualify both entries at the Chicago Street Race, a Toby Christie report that the team laid off employees earlier this month, and not entering a car at Indianapolis.

• JD Motorsports declared that the team’s North Carolina facility remains “functional” and that they are currently “Reorganizing” with plans to field a car sometime in the future. Team owner Johnny Davis said, “We’re here working toward racing. Racing has been a part of my life since I heard the first race engine. It’s what we want to do, and we want to do it well. We want strong cars and a strong program we can sustain.“
• However, David admitted that the team has struggled to make ends meet. He mentioned that money from sponsorships and the purse cannot recoup the costs of fielding a team. Davis said, “It’s simply a matter of math.“
• The team also highlighted the multiple drivers that have come through JD Motorsports on their way up the NASCAR ladder. Perhaps the most notable driver is Ross Chastain, who competed in the 2018 NASCAR Xfinity Series Playoffs in JD Motorsports equipment following his first career win at Las Vegas in a part-time start for Chip Ganassi Racing. He ultimately finished 11th in the standings.

Some of the biggest companies in the country have reorganized through bankruptcy. We’re pushing forward.

Johnny Davis

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