Oct 04, 2010 at 08:07 PM
written by Nascar.com

Report: NASCAR near deal with ethanol group

NASCAR is poised to sign its first new high-profile sponsorship in 20 months and take a significant step forward in the green initiative it began two years ago by aligning with an ethanol lobby group known as Growth Energy.

The deal, which sources said is close to completion, would make Growth Energy an official marketing partner. If completed, the deal also would usher new money into NASCAR at a time when the series and its teams have been challenged by cuts to corporate sponsorship budgets.