« PREV NEXT »

Petty to control race team in new ownership group

| From ap.org

Richard Petty will be the chairman of his race team as part of the new ownership group.

The racing assets of Richard Petty Motorsports have been sold from George Gillett Jr. to an investment group that consists of Petty, Medallion Financial Corp., and DGP Investments.

The new group announced Monday will allow Petty to run the organization and participate in the day-to-day operations. The team will field cars for AJ Allmendinger and Marcos Ambrose in 2011.

Medallion Financial is a publicly traded investment company. Hank Aaron is among its key board members.

DGB Investments is a company owned by Douglas Bergeron, the CEO of VeriFone Systems, Inc.

Related Articles:
« PREV NEXT »
AJ Allmindinger Pictures
Allstate 400 Qualifying Allstate 400 Qualifying
Pocono 500 Practice Pocono 500 Practice
Daytona 500 Daytona 500
Related People
Jimmie Johnson
Comments
Advertisements
more from Zimbio »
Stars on Yachts - Cannes Edition
TV Roundup: Kim Zolciak Strips Down, Wears Body Paint As...
Celebs Who Do the Weather
The Hollywood Age Gap - Famous May - December Romances
more from StyleBistro »
Style Crush: Florence Welch
Look of the Day: Milla Jovovich's Futuristic Space Gown
Why it Works: Emma Roberts
Fashion TV Flashback: The '90s, Part One
Home Terms & Policies For Bloggers Advertise Sitemap Contentmap About Us
Zimbio Entertainment
Copyright © 2012 - Zimbio, Inc. Some rights reserved. Coming soon: Livingly
Share
Tweet
Pin it
. . .
Follow
. . .