NASCAR’s most powerful teams form Race Team Alliance

NASCAR’s nine most powerful teams have formed the Race Team Alliance, a business association intended to increase revenues and budget efficiency for Sprint Cup organizations.

The RTA is comprised of Chip Ganassi Racing with Felix Sabates, Hendrick Motorsports, Joe Gibbs Racing, Michael Waltrip Racing, Richard Childress Racing, Richard Petty Motorsports, Roush Fenway Racing, Stewart-Haas Racing and Team Penske. It intends to open its membership to all teams in NASCAR’s premier series.

A release said the organization “creates for the first time a single entity to engage with stakeholders on creative ways to market and experience the power of the sport’s teams and drivers. As part of its focus, the RTA also plans to explore innovative ways to harness the combined purchasing power and scale of the teams’ operations to drive efficiencies in costs.”