Published on October 25th, 2010 | by Michael J Smith5
Rumor: Petty Attempting To Buy Majority Of RPM
Following the release of Kasey Kahne, and the rumors of financial instability at Richard Petty Motorsports, there are rumors that Richard Petty is attempting to put together a deal that would allow him to purchase the majority interest of RPM from majority owner George Gillett.
Gillett’s legal dispute over the recent sale of the Liverpool Football Club to New England Sport Ventures is said to have jeopardized the finances of RPM to the point that there was concern that the team would not operate after this weekend’s Tums Fast Relief 500 at Martinsville.
While Petty would not comment on whether or not he was trying to buy the team, ESPN noted that Roush Fenway Racing owner Jack Roush indicated that Petty was.
Roush also indicated that RPM did not owe the team any money for cars or engines, and that they were up-to-date on payments. Kasey Kahne also indicated that RPM did not owe him any money.