As well as Patrick, GoDaddy.com was the title sponsor of last weekend's Milwaukee 225 IndyCar race and the car sponsor of Patrick's Andretti Autosport team mate Ryan Hunter-Reay. In NASCAR, the company currently backs Mark Martin in the Hendrick Motorsports #5.
Martin is due to leave Hendrick at the end of this season and go part-time, and rumours on Monday suggested that a restructured Red Bull team had already been talking with the veteran driver about a possible 2012 contract. Frye described Martin as "a great friend, a great race car driver and a great competitor" but said Martin has not yet been involved in talks.
With GoDaddy.com's CEO Bob Parsons already pushing for Danica to make a full-time switch to NASCAR in 2012, with a full season in Nationwide backed up by a number of Cup races as well, the big issue has been what team she would move into at Cup level.
Her Nationwide team - Dale Earnhardt Jr.'s JR Motorsports - does not have a Cup presence and Earnhardt himself races for Hendrick Motorsports in the championship, but Hendrick is already committed to the maximum number of cars allowed in 2012 after Kasey Kahne takes over Martin's #5, and consequently has no room to take Patrick on board.
But if GoDaddy.com were to buy into (or take over) Red Bull Racing, then they could field at least one car in 2012 that could be shared by both Patrick and Martin, fulfilling both drivers' part-time Cup aspirations and providing a potent sponsorship presence for GoDaddy.com at the same time while Danica carries on with a full season in Nationwide with JR.
The team could step up to two-car operations in 2013 if Patrick moved to Cup full-time, with Red Bull-sponsored Cole Whitt potentially taking over from her at JR Motorsports and sharing the part-time ride in the second Cup car with Martin, the theory goes.
The theory goes on to suggest that the GoDaddy.com Cup team would form a technical alliance with Hendrick, in much the way that Tony Stewart's team Stewart-Haas has done in order to be a viable, competitive outfit from the start. Stewart's operation was mooted as another possible Cup home for Danica if she makes the switch away from IndyCar at the end of the current season, although Stewart denies he has had any discussions with Patrick about such a possibility even though he would like his team to expand beyond its current two-car line-up with himself and Ryan Newman.
Patrick herself remains adamant that no decisions about 2012 or any possible permanent move to NASCAR have been reached, despite Parsons' public urging for her to do so. However, being effectively handed her own NASCAR Cup team on a platter may very well be exactly the sort of opening that no driver in their right mind could possibly turn down.