Phillips 66 out? Welliver-Jesel Motorsports to Cup?

Phillips 66 out? Welliver-Jesel Motorsports to Cup? heard this was announced internally at Phillips 66 today: Phillips has agreed to release Welliver-Jesel Motorsports from its obligation for the 2003 racing season. Welliver-Jesel Motorsports is the company that manages the NASCAR Busch Grand National Series racing team sponsored by Phillips. Phillips will continue its sponsorship of the “66” car and driver Casey Mears for the remainder of the current season. In addition, operation of the Phillips hospitality tents at NASCAR Busch Grand National events is not impacted by this decision and will continue as planned for the 2002 season. While Phillips has no further plans for car sponsorships of any kind at this time, the company will continue its tradition of sponsoring and promoting other NASCAR events. Welliver-Jesel Motorsports is considering competition in the NASCAR Winston Cup Series.(6-3-2002)