TSM co-owner Steve Turner |
Rheem Motorsports Managing Director Ed Raniszeski told Sirius
XM Speedway today that he was stunned by the abrupt closure of the No. 30 Turner Scott Motorsports team, just
days prior to a race at Ontario’s Canadian
Tire Motorsport Park.
“I learned about it through the media,” said Raniszeski.
“I was dumbfounded, since I had told Turner Scott Motorsports
that we
would sponsor any of Ron’s races that they were unable to find backing for.
Ron Hornaday, Jr. |
“We did have a longstanding
relationship with Ron Hornaday, however, and a few weeks prior to the start of
the season, we were informed that Ron was in jeopardy of being left without a
ride. After some deliberation, Rheem agreed to sponsor Ron for the first four
events, giving Turner Scott Motorsports additional time to find full
sponsorship for the team.”
Hornaday got off to a strong start, finishing second in
the season opener at Daytona International Speedway and ranking fifth in points
after four races. Despite that early success, Raniszeski said TSM was unable to
secure additional backing for the No. 30 team, prompting Rheem to extend their “handshake agreement”
to a total of 10 races. As Hornaday climbed to third in the championship
standings, Raniszeski said the company agreed to back Hornaday in all races that
TSM was unable to fill, for the remainder of the season.
“I told them that if they didn’t have a
sponsor in place two weeks before each race, Rheem would step-up,” said Raniszeski. “This
commitment… came (from) the company’s sole belief that someone who has given so
much to racing and to others throughout his life deserved an opportunity to
finish his spectacular, Hall Of Fame-worthy career as a champion, one last
time.”
He said Rheem “committed
significant incremental financial resources to Turner Scott Motorsports,” and called
reports that the team was underfunded “completely inaccurate, false and a great
disservice to Ron Hornaday’s contribution to motor racing, his fans and a
long-time, loyal NASCAR sponsor like Rheem Manufacturing Company.”
He said he has yet to receive an explanation
for the move from TSM co-owners Steve Turner or Harry Scott, Jr.
“There has been very little that I have learned, because they have agreed not to talk about it. I wish I could give you a reasonable answer, (but) I really don’t know much,” said Raniszeski. “At this point, what we understand is that it’s a financial dispute. We have to let them and their lawyers figure it out. But in the meantime, a lot of race fans are disappointed not to see Ron on the race track.”
“There has been very little that I have learned, because they have agreed not to talk about it. I wish I could give you a reasonable answer, (but) I really don’t know much,” said Raniszeski. “At this point, what we understand is that it’s a financial dispute. We have to let them and their lawyers figure it out. But in the meantime, a lot of race fans are disappointed not to see Ron on the race track.”
Raniszeski said Rheem is not only
willing to back Hornaday going forward, but is “working hard right
now to see if we can find something for him. We’re not finished trying to help
him.”
That speaks volumes about the guy Ron Hornaday is. Thank you Rheem Manufacturing for being a stand up sponsor. I guarantee I will use one of your products when the need arises.
ReplyDeleteThat is awesome of Rheem...TSM will
Deletewish they had Ron...Ron will get the last llaugh!
This sport needs more drivers Hornaday (and his couch), and more sponsors like Rheem. With that being said, my heart still aches over what has happened to my all time favorite driver over the last couple of seasons since KHI left the series.
ReplyDeleteWell said Rod, Rheem has got Ron's back, I've got theirs!
ReplyDeleteAlso speaks volumes about Ed Raniszeski as a friend.Not many would keep trying to support Ron Hornaday or anyone else after the team is shut down by the owners. I believe we will see Ron Hornaday back on the track sooner rether than later.
ReplyDeleteIf a sponsor has a sponsorship contract and bails on a team, the team can sue for damages. Does Rheem have some recourse for an unfulfilled contract on TSM's part? Mr. Raniszeski seemed to be handling it all with class, and he didn't seem like that would happen. Just sorta asking as a general knowledge sort of question. It's just an awful shame to have such a loyal, longtime, NASCAR sponsor willing to sponsor one of our champions and have the team yank the rug out from both of them. Both Rheem and Ron Hornaday deserve so much better.
ReplyDeleteLet's hope Ron gets a ride with Rheem's backing while 2 owners keep their heads planted firmly in their backsides. Ron deserves so much better.
ReplyDeleteBig disappointment. Been watching Ron since his south west tour days. Great driver, great family.! Rheem a class act company.
ReplyDeleteagreed i will use a rheem product as well sounds like a great company hornaday needs to be on the track full time rheem chevy in 2015 talk to rcr or gms
ReplyDeleteSo, who did what to whom?
ReplyDeleteRheem...you guys get the #AwsomeStamp!
ReplyDeleteRon Hornaday Jr will make you proud Rheem an fools out of TSM!
I agree, thanks Rheem. I will purchase your products when possible. Very impressive committment.
ReplyDeleteditto
ReplyDeleteWhat a great company good for you guys...
ReplyDeleteYou know what? My next vacuum is going to be a Rheem now. Kudos to them- and TSM appears to be heading down a difficult road.
ReplyDeleteGoodwill is an intangible assets on the financial statements of many corporate entities. However, it may be tied to the ability of a business to continue doing business with its existing customers and attract future customers. Mr. Raniszeski just made Rheem more valuable today than it was yesterday.
ReplyDeleteWhy did Rheem leave Cale Gale out in the cold.
ReplyDelete