(AP) - It looks like Morgan-McClure Motorsports is out of the racing business.
The Abingdon, Va.-based race team laid off 28 employees last week and co-owner Larry McClure said without sponsorship, the team would not be able to compete in its 26th Daytona 500 next month.
The team won three Daytona 500s in 25 years.
Morgan-McClure ran last season with Ward Burton as the driver and finished 47th in points - a far cry from its heyday when Marlin and Ernie Irvan were running up front and collecting wins.
As the sport grew, Morgan-McClure struggled to compete with the multi-car organizations. Marlin moved on to a bigger team, sponsor Kodak left and it became impossible for the team to keep up.
Email
Facebook
Google
Twitter
Favorites
More
Advertisement