UP TO SPEED

Some news to get you up to speed this week:

The NASCAR Sprint Cup team of Martin Truex Jr was found to be in violation of Sections 12-4-A (actions detrimental to stock car racing); 12-4-Q (car, car parts, components and/or equipment used do not conform to NASCAR rules); and 20-3.8A (roof of the car does not conform to the specifications) of the 2008 NASCAR Sprint Cup Series rule book.

As a result, Truex Jr. and car owner Teresa Earnhardt have been penalized 150 championship driver and 150 championship owner points, respectively. Both the crew chief, Kevin Manion, and the car chief, Gary Putnam, have been suspended from the next six NASCAR Sprint Cup Series events, suspended from NASCAR until Aug. 27 and placed on NASCAR probation until Dec. 31. Additionally, Manion has been fined $100,000.

The infractions were discovered July 3 during opening day inspection.


JR Motorsports will be looking for a sponsor for Brad Keselowski next season after being informed that the Navy will not return as a sponsor for the Nationwide Series team. "We were informed last week that our sponsorship with the U.S. Navy will not renew at the end of the year,” team spokesman Mike Davis said Tuesday. “It's been an exceptional partnership since 2005, and we look forward to a strong finish to the season.”

Sirius NASCAR Radio's Sirius Speedway is reporting that Teresa Earnhardt has enlisted the services of Bear, Stearns and Company [actally there is no more Bear Stearns as JP Morgan acquired them] to find a buyer -- or at least a major financial investor -- for Dale Earnhardt, Inc. Bear Stearns is an investment bank, securities trading and brokerage firm based in New York City, and has been charged with finding a buyer for the entire operation. Barring that, Earnhardt is said to be interested in selling at least a minority interest in the team. DEI president Max Siegel on Tuesday refuted the Internet report that company owner Teresa Earnhardt had commissioned investment banking firm Bear, Stearns & Co., Inc. to locate a buyer or financial investment partner. "We have not engaged Bear, Stearns or Goldman Sachs or anyone else," Siegel said. "We are contacted all the time by outside firms about getting involved in the sport. We are not for sale right now. Nothing is imminent. Are we constantly weighing that as an option? Does that make sense? Quite frankly, we don't know," Siegel said. "Every team is looking for a way to bring in appropriate resources. Every single one. We haven't engaged anybody. People obviously approach us -- they're approaching everybody. We're looking to be around for a long time in future. We're feeling pretty damn good about where we're going, competition-wise." Siegel was forced to approach his driving corps with assurance that the team is currently not for sale. "I have assured them it's not true," Siegel said. But reports also say that Siegel himself my have an interest in bying DEI.