Trevor Bayne needs All-Star sponsor

Updated: March 29, 2011, 6:36 PM ET
By David Newton | ESPN.com

CONCORD, N.C. -- Daytona 500 champion Trevor Bayne will not compete in the May 21 All-Star Race at Charlotte Motor Speedway unless sponsorship is found.

Eddie Wood, one of the co-owners of the Wood Brothers Racing No. 21 Ford that Bayne drove to victory in February, said Tuesday the organization does not plan to run the race without sponsorship.

Charlotte Motor Speedway president Marcus Smith said the track has made inquiries to help find a sponsor, adding, "We'd like to have them in the race."

"Ford wants him there, too," Speedway Motorsports Inc. chairman Bruton Smith said. "I think they'll probably come up with something."

The Wood brothers entered the season with money allocated to run 16 races. The Daytona win allowed them to add this weekend's race at Martinsville Speedway, a 30-minute drive from their original shop in Stewart, Va., and Darlington Raceway.

The organization has made it clear it would rather spend money toward races that count toward the owners' points standings instead of the All-Star event, for which it qualified by winning the Daytona 500.

The No. 21 ranks 29th in owners' points heading into Martinsville. The team hopes to stay in the top 35 that automatically qualify for a starting spot, in case other sponsorship steps forward so it can add more races.

None has thus far, even with the Daytona 500 win as a selling point.

There also were no plans to run in the preliminary race to make the main event.

Ford representatives said there have been no formal discussions with the team about coming up with extra money to appear in the All-Star race.

David Newton covers NASCAR for ESPN.com. He can be reached at dnewtonespn@aol.com.

David Newton | email

ESPN Carolina Panthers reporter