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Petty Enterprises to be absorbed into Gillette
Listening to Sirius radio. Tom Bowles from the Frontstretch called into report that there is to be an announcement that Petty Enterprises will cease to exist and that it will be absorbed into Gillette, Gillette will get his fourth car with the 43 and the 45 will no longer race.
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Replies to This Discussion
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Permalink Reply by TOG on
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Wow! AJ Allmendinger or Bobby Labonte ?
Top 35 will be a memory in 2009, or we will see alot of part time teams at certain events.
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Permalink Reply by Lance on
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Very sad day for Nascar, losing Petty Enterprises. In some ways they have done better than they have earned because they have been at the bottom far longer than Morgan McClure, The Wood Bros., or Bill Davis and it looks like all of these teams are gone. I would love to see Petty keep the 43 and perhaps re-organize for 2010 and come back. Probably won't happen but I can't imagine Nascar without Petty Enterprises.
As far as driver goes, I dump Sorenson and keep Labonte and Allmendinger. Reed doesn't have it. Though the 41 at DEI still needs a driver. Maybe Labonte ends up there. Bobby will definatly end up somewhere. He still can drive and his past champions provisional is valuable.
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Permalink Reply by Keith on
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http://sportsillustrated.cnn.com/2008/racing/12/04/petty/index.html
SI.com has learned that Petty Enterprises' top operation will not return in 2009. The organization will merge with George Gillett, giving that team its fourth car. No word on the future association with Petty Enterprises and Boston Ventures, although Boston Ventures may maintain some involvement in the Richard Petty Driving Experience.
NASCAR has not been immune to the worldwide economic downturn, with over 500 jobs already lost due to mergers or teams closing up shop. Petty Enterprises was thought to be one of the organizations that could survive the downturn after announcing a partnership with Boston Ventures in June. Petty Enterprises has been involved with NASCAR since it's beginnings in 1949 and was the only remaining organization that was a part of the original Daytona 500.
Just this week, Petty CFO David Zucker had announced the team would run one fulltime car in 2009 with a second car, part-time, for Chad McCumbee, pending sponsorship. Apparently, those plans have fallen through and the two-car organization will merge with the highest placing Dodge team in the 2008 Cup standings. Official announcement of the news could come as early as this afternoon. No word on whether Richard Petty will have an ownership stake as part of the merger agreement.
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Posted 2 minutes ago on SI.com:
NEW YORK (AP) -Petty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports, The Associated Press has learned.
Multiple people familiar with the talks told the AP that the two teams are discussing a deal that would merge Petty's No. 43 Dodge with GEM to become a four-car operation. They requested anonymity because the negotiations are ongoing.
SI.com first reported Thursday that Petty Enterprises' top operation will not return in 2009. But David Zucker, CEO of Petty Enterprises, said the report was "not accurate.''
He would not discuss a potential merger. "We're not going to comment on rumors and speculation,'' he said.
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AJ Allmendinger has way more upside than Bobby Labonte. Bobby is a veteran,multiple race winner,cup winner, etc, but his best days are behind him and I think the chemistry with AJ and the GEM guys is obvious.
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Permalink Reply by Butterknife7 on
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What a sad day when the name Petty isn't enough to keep a race team afloat.....Oh wait....neither was the name Earnhardt......It's a whole new world isn't it?
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Permalink Reply by Beagle7 on
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Do you think these teams are like..how the EFF does Robby do this on his own? lol
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Permalink Reply by Bigzoom on
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Well, that will definietly put Robby in the Bud Shootout if he stays with Dodge. It's set by owner points, so the #43 owner points would change. Having a past Champions provisional would allow Bobby to make the 5 races, but should boot him out of the lineup for the shootout...unless Nascar allows GEM to retain the owner's points...which would have Yates knocking on Nascar's door about Paul's points.
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Permalink Reply by Mario on
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If Petty and GEM merge, the Owner Points for the 43 will stay with the team. Yates did not merge with DEI, Menard left DEI for Yates, so the Owner Points for the 15 stayed at DEI.
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GEM will benefit by Ganassi -DEI merger. The #10 car that was 37th in points will move into the top 35 guaranteed a spot in the field because the two DEI cars lost in the merger have been eliminated from the top 35. The #47 car that will be driven by Marcos Ambrose for JTG-Daugherty moved from 36 to 35. "Everybody will just shift up," NASCAR spokesman Kerry Tharp said. "We will use the top 35 at the track."(ESPN)
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If NASCAR changes how they let teams "sell off" points, then yes, those points for the two DEI teams that are being "shut down", so to speak, could be "sold off". If NASCAR doesn't change how they let teams "sell off" points, then I doubt we will see those points "sold off" since it would, in essence, violate the 4 teams per organization "rule".
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