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Nascar: MWR secures US$16 million in sponsorship

29 August 2012 | Posted in Sponsorship, Motorsport, North America, | By David Cushnan

Unconfirmed reports have indicated that Napa, the US auto parts firm, has extended its major sponsorship deal with Nascar Sprint Cup team Michael Waltrip Racing for a further three years.

Sports Business Journal reported that the Napa deal will cover 36 races over three seasons and is worth some US$16 million in total.

The sponsorship extension is linked to the news that driver Martin Truex Jr. will continue to drive for the team.

An official announcement about both driver and sponsor is expected on Friday at Atlanta Motor Speedway, scene of this weekend's Sprint Cup race. Truex Jr., who currently lies fifth in the series standings, is in his third year with Michael Waltrip Racing. 

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