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(photo courtesy Jeff Zelevansky) Richard Petty and a group of financial associates have signed and closed a deal to purchase Richard Petty Motorsports from George Gillett. The investment group of associates are; Richard Petty, Medallion Group, and DGB Investments. Petty, is a seven-time NASCAR champion who has won 200 races, including 10 . . . → Read More: The King Is King Again! (photo courtesy Leon Hammack) This info is from FOX Sports.com. George Gillett’s financial difficulty following the sale of Liverpool FC has thrown the future of Richard Petty Motorsports into doubt and left the NASCAR team’s owners and lenders searching for investors to keep the team afloat. The Gilletts and Pettys, which are . . . → Read More: RPM Seeking Financial Assistance (photo courtesy Leon Hammack) The details are starting to slither out of the garage area, revealing that Richard Petty Motorsports may owe approximately $12 million dollars to the team’s chassis and engine builders. Speaking on the condition of anonymity, a source with knowledge of the situation told Sirius NASCAR Radio’s Sirius Speedway . . . → Read More: RPM Owes Millions (photo courtesy Jed Jacobsohn/Getty Images) There have been many questions about the future of Richard Petty Motorsports during the 2010 season. However, there were no questions about who ended up winning the pole for the Price Chopper 400 at Kansas Speeedway Friday. Kasey Kahne turned a lap of 174.644 on the Kansas . . . → Read More: It’s An All RPM Starting Front Row At Kansas (photo courtesy Elsa/Getty Images) Richard Petty Motorosports announced today that Marcos Ambrose will be replacing Kasey Kahne in the #9 Stanley Tools Ford in 2011. Ambrose, a native of Australia, has been piloting the #47 JTG/Daugherty Toyota for the last few years. Ambrose said that his desire to leave JTG/Daugherty Racing team . . . → Read More: Ambrose Moves To Richard Petty Motorsports As a tribute to team owner and NASCAR legend Richard Petty, the No. 43 Richard Petty Motorsports Ford will adorn old familiar colors for the NASCAR Sprint Cup Series event at Dover (Del.) International Speedway. The Ford driven by AJ Allmendinger will bring back the “Petty Blue” and “Day-Glo Red” colors in . . . → Read More: “The Petty Blue/Day-Glo Red” Re-Emerges (photo courtesy Jason Smith/Getty Images) Foster Gillette, co-owner of Richard Petty Motorsports, fully expects Kasey Kahne to fulfil his commitment to RPM and The Ford Motor Company for 2010. Not only do I expect that, the one thing that I do know well is what a gentleman Kasey Kahne is,” Foster Gillett, . . . → Read More: RPM: Life Without Kasey Kahne (photo courtesy Chuck Burton) In the last two years this organization has merged three times and been housed in four different shops and changed their name from Petty Enterprises to Richard Petty Motorsports. It has gone from basically a one car team to a four car team and from . . . → Read More: RPM Drivers Like Their Chances In 2010 (Photo by Marc Serota/Getty Images) Most probably because of these tough financial times Richard Petty folded his racing team, Petty Enterprises, into Gillette-Evernham Racing prior to the start of the 2009 season. Even though Petty remains the face, and quite often the voice of Richard Petty Motorsports, most think he is little . . . → Read More: King Richard and Prince Faisal |
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