McDonald’s, Credit One Bank terminate sponsorship of Kyle Larson

Larson at Daytona

Credit One Bank and McDonald’s both announced Monday that they are terminating sponsorship of Kyle Larson for using a racial slur during an iRacing event Sunday night.

Credit One Bank said in a statement: “As stated earlier, Credit One Bank denounces the highly offensive language used by Kyle Larson during Sunday’s iRacing event. In addition to the quick actions taken by NASCAR and Chip Ganassi Racing, Credit One Bank is terminating its sponsorship of Kyle Larson."

Credit One Bank was the sponsor of Larson’s car in the Daytona 500 and the following weekend at Las Vegas Motor Speedway. Credit One sponsored Larson’s car in 18 of 36 Cup points races in 2019.

McDonald’s said in a statement: “We were extremely disappointed and appalled to hear about this incident. The comments made by Kyle Larson are insensitive, offensive and not reflective of our inclusive values and will not be tolerated. McDonald’s is taking immediate action to terminate the relationship with Larson."

McDonald’s sponsored Larson’s car at Auto Club Speedway and Phoenix Raceway this season. McDonald’s sponsored Larson’s car in 10 of 36 Cup points races in 2019.