George Gillett
Petty With Help Of Investors Takes Control Of RPM
After spending the last few weeks searching for investors to help him purchase majority interest in his racing team, Richard Petty has finally done just that. Petty and a group of investors including Andrew Murstein, of Medallion Financial Group and Douglas Bergeron, of DGB Investments, bought the racing assets of Richard Petty Motorsports today.
RPM May Be Considering Switch From Ford To Toyota
Richard Petty met with officials from Toyota and Michael Waltrip Racing Sunday and Monday, which could mean the team is considering a switch from Ford Fusions from Roush Fenway Racing to Toyota Camrys from MWR.
Rumor: Petty Attempting To Buy Majority Of RPM
Rumor has it 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.
Richard Petty Motorsports In Danger Of Going Under?
Richard Petty Motorsports is in danger of going under after this weekend’s Tums Fast Relief 500 at Martinsville Speedway, according to Foxsports.com.
RPM In Default On $90 Million Loan
Richard Petty Motorsports has been in default on a $90 million loan since February, but hopes to restructure the loan soon. Team owner George Gillett indicated that RPM did not miss payments, but an anonymous source indicate that’s not the case.
RPM Enters Agreement With Member of Saudi Prince
Richard Petty Motorsports’ primary shareholder George Gillett signed an excluse commercial collaboration with Prince Faisal bin Fahd bin Abdullah al-Saud, a member of the Saudi Royal Family. The agreement should help bring a NASCAR circuit to the Middle East, as well as the Richard Petty Driving Experience. According to the Examiner, this was the first [...]
