MDK MOTORSPORTS ENDS PARTICIPATION IN PORSCHE CARRERA CUP FOR REMAINDER OF 2024 RACING SEASON [Yahoo! Finance]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: Yahoo! Finance
team participation in the IMSA-sanctioned Porsche Carrera Cup North America series for the remainder of the 2024 racing season, while standing atop the current Porsche Carrera Cup team standings. This business decision comes on the heels of a recent ruling disallowing MDK team sponsorship by the OnlyFans social platform, which would have enabled the drivers and Team to provide behind-the-scenes footage from the races themselves, and introduce a whole new audience to motorsport racing, resulting in a significant loss of sponsorship revenue for the team. "While we respect the decision, the disallowment of a major sponsor led us to this, as all season contracts were priced with the sponsorship included. After learning at Sebring that one of our major sponsors would not be approved, we spent the first half of the season looking for another partner while the Team supplemented the difference. Although we are disappointed to withdraw from Porsche Carrera Cup without completing the season,
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