Kyle Larson was fired Tuesday by Chip Ganassi Racing, completing a stunning downfall for the budding NASCAR star who uttered a racial slur during a live-streamed virtual race and then watched as nearly every one of his sponsors dropped him.

The 27-year-old Larson, in his seventh Cup season with Ganassi and considered the top free agent in NASCAR just three days ago, is now out of a job in what could ultimately be an eight-figure blunder.

“After much consideration, Chip Ganassi Racing has determined that it will end its relationship with driver Kyle Larson,” Ganassi said. “As we said before, the comments that Kyle made were both offensive and unacceptable especially given the values of our organization. As we continued to evaluate the situation with all the relevant parties, it became obvious that this was the only appropriate course of action to take.”

Larson was competing in an iRacing event Sunday night when he appeared to lose communication with his spotter on his headset. During a check of his microphone, Larson said, “You can’t hear me?” That was followed by the N-word.

He issued an apology Monday, saying there was “no excuse” for his comment, and he apologized in a video posted on his social media accounts.

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