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BREAKING NEWS: Petty-GEM Deal Off

Auto Racing Sport found this 12/16/2008 on sirius-speedway.com

Sirius Speedway has learned that the much-discussed merger between Gillett Evernham Motorsports and Petty Enterprises has run aground. Anonymous sources say that GEM laid off approximately 50 employees today, and that its NASCAR Nationwide Series team will either be eliminated or cut back ...