Report: NASCAR asking for $12-15 million for sponsorship of current N’Wide Series

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With Nationwide Insurance ending its sponsorship of NASCAR’s No. 2 national series following the 2014 season, the sanctioning body is hunting for a new backer that can kick in $12-$15 million for title sponsorship of the category.

Additionally, the Sports Business Journal reports that NASCAR is also telling potential prospects that they also expect a 10-year deal that includes a media commitment of more than $10 million as well as an activation commitment of more than $10 million. Altogether, that puts the annual price tag at more than $30 million.

Post-2014, Nationwide will focus its NASCAR efforts on Sprint Cup while maintaining its status as the series’ official insurance company through 2017. The company sponsored Ricky Stenhouse Jr. in several Cup events this past season.

Per the SBJ, NASCAR plans to approach companies that were in the mix for the NNS’ title sponsorship when it was last available in 2007. Among that group was Subway (a prominent sponsor of Cup driver Carl Edwards and Roush Fenway Racing’s No. 99 team), which was on the verge of striking a deal for the sponsorship but then decided to back out.

The new sponsor’s debut in 2015 would also coincide with a new TV deal that features the NBC Sports Group. The Group will carry the final 19 NNS races of the season, with 15 of those races on NBCSN and the remaining four on NBC.

Rebellion confirms LMP1 return, all-star line-up for WEC super season

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Rebellion Racing has confirmed it will return to the LMP1 class of the FIA World Endurance Championship for the 2018/19 ‘super season’ with an all-star line-up featuring Le Mans winners Neel Jani and Andre Lotterer.

Rebellion raced in LMP1 as a privateer between 2009 and 2016 before stepping down to LMP2 for the most recent season, capturing the class titles at the first attempt.

Following a push from the WEC and Automobile Club de l’Ouest (ACO) to make LMP1 more appealing to privateer teams, Rebellion announced on Wednesday it would return to the premier class for the 2018/19 season with a two-car effort.

WEC LMP2 champion Bruno Senna will return with Rebellion next year, as will Mathias Beche, with the pair set to be joined by four new faces.

The most notable arrivals are Porsche factory drivers Lotterer and Jani, both of whom were left without an LMP1 drive following the closure of the German manufacturer’s program at the end of the season.

American racer Gustavo Menezes will also join Rebellion, stepping up after two years in LMP2, while outstanding 2017 rookie Thomas Laurent completes the Swiss team’s line-up.

“I am looking forward to coming back where my endurance career started nine years ago,” said Jani.

“Rebellion Racing played a huge role in my career and also helped me become a factory driver for Porsche. When Porsche stopped in LMP1, it was clear for me that I wanted to race again for Rebellion.

“With the new regulations, I hope we can reach the overall podium at Le Mans and with a bit of luck, maybe we can even grab some wins during the super season of WEC.”

“I am very happy to join the champion Rebellion team,” added three-time Le Mans winner Lotterer.

“The LMP1 project is very exciting and to be able to go on with the 24 Hours of Le Mans and the FIA WEC challenge is something I did not want to miss.

“I am motivated and looking forward to have a great time with great people there.”