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Chip Ganassi won’t run No. 42 Xfinity Series car in 2019

Team owner Chip Ganassi announced Friday that his organization will not run the No. 42 car in the NASCAR Xfinity Series in 2019.

The team had signed Ross Chastain to drive the car for the upcoming season following a part-time stint in which the Florida wheelman won a race and finished second in a three-race deal in 2018.

“Due to a lack of sponsorship funding we will cease operation of the No. 42 Xfinity team in 2019,” Ganassi said in a team statement. “This was a difficult decision for me to make and it comes with much anguish as this is a championship caliber team (having won six races and finished second in the owners championship) and more importantly because it affects a number of good people’s livelihoods. Running a car without proper funding is difficult to do.”