Racing for dollars.Washington Erving Motorsports team on the fast track African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. ownership in sports has been a long sought after goal. Many have tried and only a few have succeeded in the multibillion-dollar arenas of professional football, baseball and basketball. Yet, look a little lower on the radar screen and you'll see another sport has attracted the attention of a pair of former athletes in an arena not generally frequented by African Americans--professional auto racing. Washington Erring Motorsports, which recently completed its second year on the NASCAB circuit, is being touted as NASCAR's first minority-owned race team in over 25 years. Led by former NFL NFL abbr. National Football League NFL (US) n abbr (= National Football League) → Fußball-Nationalliga star Joe Washington Joe Dan Washington (born September 24, 1953 in Crockett, Texas) is a former American football running back who played nine seasons for the San Diego Chargers, the Baltimore Colts, the Washington Redskins, and the Atlanta Falcons from 1977 to 1985 in the National Football League. and former NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= legend Julius Erving Noun 1. Julius Erving - United States basketball forward (born in 1950) Dr. J, Erving, Julius Winfield Erving , Washington Erving Motorsports is now prepping for its third season on the 2000 NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. Busch series' Grand National Division circuit, with Dr. Pepper as its primary sponsor. Washington, a former all-pro running back with the Washington Bedskins, the San Diego Chargers
It wasn't his first stab at professional sports ownership. Washington was initially part of an effort to bring an expansion football team to the Baltimore area several years ago. When that fell through, he began looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. other, less costly investment options. "It takes a significant amount of money to get in on the ground floor of an NFL team or any other `major' sport. And even then the issue still has to be voted on. With NASCAR you just have to be able to afford to get a car on the track." But participation in car racing doesn't come cheap. Fields Jackson, part-owner of the company, says the engine alone for one of his fleet of seven race cars runs about $40,000 to $50,000. His tire bill runs approximately $9,000 per race for a 32-race season. He estimates the total cost for each of his race cars runs approximately $100,000. So far the investment seems to be worth it. In its 1998 rookie year, the race team had a couple of rough outings. They failed to qualify for eight of the 32 races they entered and had nine DNFs (Did Not Finish race). They completed only 43% of the laps run and had instability at the race driver position, going through some 13 different drivers. Total winnings for 1998 were $165,000 and the team finished 38th in the points standings. In comparison, in 1999 the team had stability at the driver's spot with one racer all year long. They missed only two out of 32 races and completed 86% of their lap runs. They finished 25th in points and total earnings amounted to $366,195. In addition to Dr. Pepper, the motor team has Jelly Belly Jelly Beans, among others, as a sponsor, and will be adding Snyder's of the Hanover Pretzel Company. "There's an African American market out there that we haven't even begun to touch. We want to start marketing product and apparel. A lot of people don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. we're out there. But they will soon." |
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