US Army pulling out of NASCAR at end of season
By Published: July 10, 2012
After 10 years as a NASCAR sponsor, the Army has decided to stop pouring funds into the car-racing sport, according to an Associated Press report.
The report said the Army will be reallocating funds from its marketing budget, which will no longer include NASCAR as a recipient.
For the past three years, the AP report said, the Army has been sponsoring the Stewart-Haas Racing team. SHR said in a statement that the Army has been a "great partner."
Army marketer John Myers was quoted by AP as saying in a statement that the sponsorship program with NASCAR provided an excellent opportunity for the public to learn more about the soldiering profession.
The AP report noted that the Army's pullout from NASCAR comes as some lawmakers are seeking to pass legislation that would prohibit the military from spending roughly $80 million per year on sponsoring various sporting events.
Source: The Associated Press