While no one is saying how much General Motors is cutting its financial support from teams, at least one court document puts a price tag on it: $2,538,750. And that's to one Cup team.
A court document [click to view pdf] shows that GM was to have paid Richard Childress Racing $2,538,750 on June 15. Childress spoke Friday at Infineon Raceway about the GM situation. Asked if he received his June 15 payment from GM, Childress said: "That's kind of personal. I didn't ask you if you got your paycheck this week.'' If nothing else, that gives you a sense of some of the money that's out there and involved in this sport. Childress would not reveal what kind of cutbacks GM is making with his team. Asked if he would have to lay anyone off, Childress said: "I don't know really what all is going to happen. We're going to have to make cuts like everybody in the sport or in business. We don't want to cut performance. For sure, we're not going to cut performance. We'll cut a lot of other things before that."
Richard Childress continued speaking about the cutbacks by General Motors: “Richard Childress Racing is proud to be associated with General Motors and Chevrolet. I’ve been driving Chevys since I ran a Camaro in Talladega’s first Cup race in 1969 and I look forward to continuing that relationship. I’ve been fortunate to see some of the great new products General Motors has to offer, vehicles with great fuel mileage and styling. I’ve recently purchased a new Corvette and a Camaro and they’re two of the finest cars I’ve ever driven. RCR is honored to help showcase GM products to help sell them in the dealerships. These difficult economic times have forced all of us to evaluate our budgets closer than ever but I can assure you that this will not affect our competition on the track.”
