Richard Petty Motorsports has new owner/investor

http://nascar.speedtv.com/article/cu...owners-for-rpm

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The marriage of Richard Petty Motorsports and Medallion Financial Corp. ultimately came together quickly, but had been talked about for years.

On Monday morning, RPM announced that the assets of the racing team were sold to “an investment group comprised of Richard Petty, Medallion Financial Corp. and DGB Investments.” Although ownership percentages were not announced, it’s likely that Petty will remain a minority owner of the team, holding a small stake, as he did when RPM was owned by George Gillett, the disgraced sports entrepreneur.

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:up: :)

A big thumbs up for me....because Gillett was a HUGE disappointment...

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Originally Posted by Lee Roy

Originally Posted by http://www.motorsportforums.com/foru...s/viewpost.gif
The marriage of Richard Petty driving experience Motorsports and Medallion Financial Corp. ultimately came together quickly, but had been talked about for years.

On Monday morning, RPM announced that the assets of the racing team were sold to “an investment group comprised of Richard Petty, Medallion Financial Corp. and DGB Investments.” Although ownership percentages were not announced, it’s likely that Petty will remain a minority owner of the team, holding a small stake, as he did when RPM was owned by George Gillett, the disgraced sports entrepreneur. http://nascar.speedtv.com/article/cu...owners-for-rpm

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Im glad they got someone its a team with co much history I woudl hate to see them leave

Its gfood that someone who gave sooo much is getting some back. Good luck to rKing Richard.No matter how small his share in the team.

Congrats to the Petty organization for keeping the doors open on an organization that (for a second tier team) should be very competitive, has a real shot at winning a race or two, and should keep both cars in the top 35 all year. Todd Parrot was just announced as the crew chief for (the #9 car driven by) Marcos Ambros. Good Luck!

Cool :D