Big Announcement UPDATE 2 OFFICIAL:

Team SABCO owner Felix Sabates is scheduled to announce his teams future plans in the NASCAR Winston Cup Series at Indianapolis on Friday, August 4th at 6:30pm/ct. As has been rumored for the past few months, part of the announcement should be that CART owner Chip Ganassi is buying a majority of the team(7-28-2000) UPDATE: no surprise but….Team Sabco owner Felix Sabates will make official the sale of a majority interest of his two Winston Cup teams to CART series owner Chip Ganassi during a press conference Friday night at Indianapolis, ThatsRacin.com has learned. In addition, the teams will change manufacturers next season and become the newest entries into the Dodge camp, according to sources. Ganassi’s teams would become the first established Chevrolet teams to make the switch and bring the number of expected Dodge entries to 11 next season. Sabates will remain a minority owner in the teams(That’s Racin’)(8-1-2000) UPDATE 2: Team SABCO owner Felix Sabates and Chip Ganassi announced today their NASCAR Winston Cup partnership beginning with the 2001 Daytona 500. Chip Ganassi Racing with Felix Sabates is Ganassis first venture into the world of stock car racing with the acquisition of the #40 Coors Light and #01 BellSouth entries. Although Ganassis majority interest in the team officially begins in 2001, he will contribute to Team SABCOs management for the remainder of this years Winston Cup season. The team also announced its alignment with Dodge to field two Dodge Intrepid R/T entries in 2001. With the addition of Ganassis two Dodge Intrepid R/T racecars next year, a total of 10 Intrepids are slated to debut at the Daytona 500 in 2001. Former NASCAR crew chief Andy Graves, who joined Target Chip Ganassi Racing in 2000 to direct its Indianapolis 500 and Winston Cup interests, will oversee the teams racing operations together with current Team SABCO team manager and crew chief Tony Glover.(Team Sabco PR)(8-4-2000)