Another NASCAR team circling the drain

UPDATE #2 With speculation that HOF Racing will not run a complete NASCAR Sprint Cup schedule in ’09, team co-Owner Tom Garfinkel said in an e-mail the team "will be racing" at the Daytona 500 and in 2009. The single-car team has a sponsorship deal with DLP, “but that deal is not believed to be for the entire season." The team in the offseason cut its technical alliance with Joe Gibbs Racing and “laid off several employees" NASCAR.com

01/06/09 Rumor has it the #96 Hall of Fame Racing Toyota team is selling off cars and equipment, and most of the workforce has been laid off and is not expected to start the season.

01/03/09 Rumors are that the #96 Hall of Fame Racing Toyota team have been laying off most of the employees, losing support from Joe Gibbs Racing and having only partial sponsorship for the 2009 season.