Bang! Racing Explained

BANG Racing
Owners:Alex Meshkin, Larry McReynolds, George Blacker
Drivers Champ:0
Wins:2
Numbers:24, 28, 42, 82
Drivers:Travis Kvapil, Mike Skinner
Sponsors:Line-X, Toyota
Manufacturer:Toyota
Base:Mooresville, North Carolina
Series:Craftsman Truck Series
Opened:2003
Closed:2005

Bang! Racing is a former NASCAR team. It was majority owned by entrepreneur Alex Meshkin, and minority owned by both crew chief and analyst Larry McReynolds and its 'hands off' seed investor George Blacker, LTD- each with a 5% minority equity share. Bang! Racing fielded entries in the NASCAR Craftsman Truck Series. It only ran one full season, in 2004.

History

Truck No. 24/42 history

The team was founded in 2003 by Alex Meshkin, an internet entrepreneur who had achieved notoriety by losing more than $3 million of investors' money in his failed Surfbuzz.com venture.[1] [2] [3] Initially planning to race in the then-Winston Cup Series by purchasing Andy Petree Racing,[4] the team instead signed a three-year contract with manufacturer Toyota to run in the Craftsman Truck Series as one of four new and independent of Toyota race teams to utilize Toyota Tundra's for Toyota's debut into NASCAR. Meshkin also recruited Larry McReynolds as a part-owner and vice president[4] [5] [6] and he received $400,000 of seed money from investor George Blacker's investor group which was used to procure a racing shop which was a contingent requirement dictated by Toyota in order to be granted a Toyota race team contract.[7] Accordingly, the team then leased operating race shop space from veteran driver Jimmy Spencer.[5] [8] The team was named after one of Meshkin's companies, Bang Technology Software.[9]

The team made its debut at a Daytona International Speedway race in February of 2004. Its two drivers were Travis Kvapil in the No. 24 Line-X Truck and Mike Skinner in the No. 42 Toyota Truck. It marked the first time in series history two former champions raced for the same operation.[10] [11] By lap 15 of the race, both Bang! Racing drivers had already led the race. Kvapil finished second in the race, while Skinner finished 28th due to a crash.[12] Bang! also announced plans to run several late-season Cup Series races, with sponsorship from eBay.[10] [12] [13] From then on, Bang! lived up to its namesake, with Kvapil racking up two victories, including the first NASCAR win for a Toyota at Michigan, earning one "fast time" qualifier pole, and finished in eighth-place in season points.[5] Skinner, despite not winning a race, had two poles during his tenure with the team. Meshkin meanwhile was credited for his salesmanship abilities, as he recruited sponsors such as Line-X and eBay.[5] [12] [14] Later in the year Meshkin announced he would field the No. 82 Dodge in the Busch Series in 2005, with Kvapil at the wheel. He also began negotiations for a potential NEXTEL Cup Series team (the No. 28 Dodge) with driver Ward Burton and NetZero sponsoring; both were with Haas CNC Racing at the time. The Cup Series deal ultimately fell through.[15]

However, trouble soon began brewing within the organization. Despite the team's success, McReynolds left the team in July due to funding and financial disagreements with Meshkin, including unpaid bills to suppliers.[14] In August, Toyota ended its factory support of the team due to the departure of McReynolds, with the No. 42 team shutting down and driver Mike Skinner moving to Bill Davis Racing.[14] Toyota later maintained its agreement until the end of the season which saw Bang! Racing end that season as the first race team to both lead a lap and win a race for Toyota Racing in a major NASCAR series.[14] But after the season, several key executives at Bang resigned, and in January 2005, Bang let all of its help go and closed down its shop. Blacker wrote off his Bang! Racing seed investment money as a complete loss.

Truck No. 42 results

External links

Notes and References

  1. Wipeout! Surfbuzz Goes Under. Wired. 23 June 2018. 6 June 2000. If ever a startup embraced the whole make-a-fast-buck, dot-com ethos, it was Surfbuzz.com, an auction site that awarded expensive prizes to its customers. The only buzzing to be heard now is from the flies swarming over the corpse of Surfbuzz, which said Tuesday that it is going out of business..
  2. News: Brothers With a Selling Point. Washington Post. 25 November 1999. 26 June 2018. Leslie. Walker.
  3. Teen trades education for e-biz. Wired. 26 June 2018. 26 October 1999. Katie. Dean.
  4. News: Toyota confirms Truck Series teams.. 12 April 2016. crash.net. November 15, 2003.
  5. News: Ashenfelter. Mark. Broken dreams. https://web.archive.org/web/20120204104851/http://www.scenedaily.com/news/articles/sprintcupseries/broken_dreams.html. 2012-02-04. dead. 12 April 2016. Scene Daily. May 16, 2005.
  6. News: Brinster. Dick. Young millionaire trying to win racing championships. 12 April 2016. The St. Augustine Record, Associated Press. June 12, 2004.
  7. Web site: Hyman. Mark. February 7, 2005. A Wild Ride in Nascar. live. https://web.archive.org/web/20160422051556/http://www.bloomberg.com/news/articles/2005-02-06/a-wild-ride-at-nascar . 2016-04-22 . Bloomberg News. " Other refugees from the race team.....is Investor George Blacker....".
  8. News: Jenkins. Chris. Spencer growing impatient with race shop buyer. 12 April 2016. USA Today. September 11, 2004. Richmond, Virginia.
  9. News: Chemris. Thomas. Bang Racing showing championship form. 12 April 2016. motorsport.com. March 29, 2004.
  10. News: James. Brant. Aid urged for family in speedway death. 12 April 2016. St. Petersburg Times. February 11, 2004. Daytona Beach, Florida.
  11. News: Rose. Shannon. Kvapil Out To Defend His Title: Travis Kvapil Will Drive A Toyota Tundra For Alex Meshkin, His Third Racing Team In As Many Seasons.. 12 April 2016. Orlando Sentinel. February 8, 2004.
  12. News: Bang Racing embarks on its first season. 12 April 2016. motorsport.com. February 29, 2004.
  13. News: NASCAR series gets Ebay sponsorship. 12 April 2016. San Francisco Business Times. February 24, 2004.
  14. News: Hyman. Mark. Burke. Jordan. France. Mike. Cady. John. A Wild Ride At NASCAR: How a whiz kid talked his way into owning a race team -- and then hit a wall. 12 April 2016. Bloomberg News. February 7, 2005.
  15. News: Bang Racing goes Nutzz. 12 April 2016. crash.net. 2004.