Petty sold his controlling interest in Richard Petty Motorsports to GMS Racing in November 2021, which then morphed into Legacy Motor Club in 2023 with Language links are at the top of the page across from the title. He got the finish he deserved, and I didnt do a good enough job to get the finish that we needed out of that one (Dillon was third, Busch 32nd). NASCAR announced that the Dover Cup race has been postponed to Monday because of rain. Petty and Johnson are among nine past NASCAR champions and Daytona 500 winners who will serve as grand marshals for Sundays race. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. Some drivers dont move more than one or two places after that. Sports Business Journals Adam Stern first reported that. Medallion Financial Corp., run by Andrew Murstein, has been the primary owner of the team since 2011, and the team is operated under a subsidiary, RPAC Racing. Elliott finished 10th at the Daytona 500 and 26th at Fontana, putting him in 19th place after two races. Accurate description. Per the SEC filing, the purchase was made for 19.1 million dollars: Pursuant to the Subscription Agreement, on December 1, 2021, RPAC sold 9,999 preferred units in (Richard Petty Motorsports) to Buyer in exchange for a cash capital contribution in the amount of $19,100,000, which (net of fees and other transaction costs) was paid to the Company and certain of its subsidiaries (collectively, Medallion) in full satisfaction of the outstanding (RPM) intercompany indebtedness. It appears that now was the time, as the value of charters has reportedly risen more than $10 million this year, and RPAC owned two of them. A drivers rank depends not only on his own performance, but also on other drivers performances, too. Sign up for the FOX Sports NASCAR Newsletter with Bob Pockrass! On September 16, 2022, Kelly Crandall tweeted that Petty GMS Motorsports will use Joe Gibbs Racing pit crews in 2023. Plus story lines, how to watch NASCAR Cup Series race at Dover, 2023 Wurth 400: Preview, Odds Trends, Best Bets, Dover Cup Seres race postponed, moved to Monday, Racing superstar Tony Stewart has conquered a lot. After taking the checkered flag at Talladega last week, Kyle Busch shared a piece of NASCAR oral wisdom regarding the nature of late-season driver rank changes. NASCAR: Majority of Richard Petty Motorsports sold - Yahoo Sports
Texas Ranger Michael Smith,
Progesterone Delay Miscarriage Forum,
Mcgovern Medical School Class Of 2024,
Articles R
