Richard Petty Motorsports and Yates Racing plan to merge in 2010, with the four-car team running Fords under the RPM banner. Under the agreement announced Thursday, Yates driver Paul Menard will join RPM drivers Kasey Kahne, Elliott Sadler and A.J. Allmendinger next year. RPM was formed in January when Petty Holdings merged with Gillett Evernham Motorsports. The team has met with mixed success, though Kahne is in good position to make the 12-driver chase for the championship after picking up... Read Full Story
Tom Reddin resigned as CEO of Richard Petty Motorsports on Friday for what the team called personal reasons. RPM's four drivers were informed of the resignation in a team meeting at Lowe's Motor Speedway. Foster Gillett, son of majority team owner George Gillett Jr., is expected to assume some of Reddin's duties. "Foster is coming back from Montreal, and he's going to be more hands-on at the company," said star RPM driver Kasey Kahne. "I think that it will be fine. I think Foster does a good... Read Full Story
Amid all the economic turmoil in NASCAR, fans can take some comfort knowing Richard Petty is still around. Petty, stock car's king and at 71 still the most recognizable face in racing, will have a presence under a rebranding of the new team created by the merger of his organization with Gillett Evernham Motorsports. The new team will be called Richard Petty Motorsports (RPM), capitalizing on the seven-time champion's marketability. The announcement was made Monday during the first day of the... Read Full Story
Bobby Labonte and Petty Enterprises have reached a mutual agreement to separate, the team confirmed on Thursday. The 2000 Sprint Cup champion earlier this season signed a four-year extension with partial ownership to remain in the famed No. 43 car that Richard Petty drove to seven titles when Boston Ventures purchased majority interest in NASCAR’s most storied organization. But with the car unsponsored — General Mills is moving to Richard Childress Racing in 2009 — and the future of the... Read Full Story
GREENSBORO, N.C., Dec. 31 (UPI) --
The deal finalizing the merger between Petty Enterprises with Gillett Evernham Motorsports will be announced next week, Fox Sports reported Wednesday.
Multiple sources beyond Fox also confirmed the merger, including the Greensboro (N.C.) Record on New Years Eve.
It would combine two of NASCAR's most visible entities, but no details about the new company's name were made available.
It comes one week after cash-strapped Petty Enterprises agreed to... Read Full Story
Gillett Evernham Motorsports announced Tuesday that Reed Sorenson has signed a multi-year contract to join the team, beginning with the 2009 Sprint Cup season. "Reed is a highly talented driver with a wealth of experience and accomplishments for a 22-year-old," said Mark McArdle, the team's vice president and managing director of competition. "We believe he has a great future ahead of him here at Gillett Evernham Motorsports. He will be a great fit with our drivers, sponsors and employees... Read Full Story
Richard Petty will remain a prominent figure in the garage. However, Petty Enterprises -- a 60-year staple in the Cup Series -- has closed its doors. Gillett Evernham Motorsports and Petty Holdings announced Thursday an agreement in principle to form a new Cup team co-owned by Richard Petty, Petty Holdings (owned by majority shareholder Boston Ventures) and Gillett Evernham Motorsports. "I want to get back to winning and together we will bring the resources, technology and infrastructure to... Read Full Story
Filed under: Talk Sports NASCAR star Robby Gordon claims he's been defrauded in a failed deal with Gillett Evernham Motorsports and wants a judge to excuse a million dollar bill.Gordon's company made a deal to merge with Gillett Evernham Motorsports (a huge race team owner).... Permalink Read Full Story
Wikizines are interactive magazines that anyone can create or edit - and this one is about Ray Evernham. Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article! Read Full Story
