Official Site of Richard Petty Motorsports

01.08.2009

STATESVILLE, N.C. – Gillett Evernham Motorsports (GEM) and Petty Holdings announced today an agreement in principle to form a new NASCAR Sprint Cup team co-owned by Richard Petty, Petty Holdings, owned by majority shareholder Boston Ventures, and Gillett Evernham Motorsports.

The team will field four Dodge entries in the 2009 NASCAR Sprint Cup season. Details of the transaction are expected once the deal is closed. Petty and GEM officials anticipate a final agreement by the end of January.

Petty, a seven-time champion and owner of 200 Cup victories, said the new team secures the famed No. 43’s presence in NASCAR for years to come.

“I want to get back to winning and together we will bring the resources, technology and infrastructure to do that,” said Petty.

“This was a big decision for us but it’s something we really wanted to do. We hope everyone in the sport embraces what (GEM Co-owner) George (Gillett) and I are doing. Nothing is going to change for me. I’m going to be at the track every weekend and really involved with the teams and drivers back at the shop. We are very happy. George and I have a lot of work to do, but we have a plan and we’ll be ready for Daytona.”