Bill Davis has sold majority interest in Bill Davis Racing and all of Triad Racing Development to Mike Held and Marty Gaunt.
Triad Racing Technologies will continue to supply engines, chassis, and bodies for all three of NASCAR’s major series.
The team has not committed to fielding the No. 22 Toyota for the 2009 season, but the new owners said that they hope to field the car. Expect an announcement of the team’s plan in January.
Davis will remain with the team as a consultant.