Another NASCAR team to fold

Saturday's Kroger On Track For The Cure 250 NASCAR Nationwide Series is likely the final event for Team Rensi Motorsports, Team President Ronnie Russell said at Memphis Motorsports Park.

Sponsorship from Smithfield Foods runs out after this race, and there is no sponsorship for driver Bobby Hamilton Jr. and the No. 25 Ford for the remaining three races.

“If something doesn’t happen good for us by Monday, then, no, we will not be continuing the last three races," Russell said. “We will not be going to Texas, Phoenix or Homestead."

Smithfield was a 30-race deal for 2008, and Memphis was the 30th race. Russell said it was important to the team not to have any outstanding debt before closing its doors, and the team did not want to start-and-park its car over the final three races.

And if sponsorship doesn’t work out – and Russell held out slim hope for that – Team Rensi will close for good.

“We’re not going dormant when we’re not coming here," Russell said. “We’re closing up. It’s not a dormant situation." Scenedaily.com