nascar.com - 12/11/2008
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Six months ago, the future could not have been more promising for Petty Enterprises and Bobby Labonte . The historic race team had just agreed to a partnership with Boston Ventures, an investment firm that would provide needed capital to an organization with 268 race wins, but none since 1999. ...
sports.yahoo.com - 12/11/2008
sports.espn.go.com - 12/11/2008
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sports.espn.go.com —
CHARLOTTE, N.C. -- Bobby Labonte and Petty Enterprises
have reached a mutual agreement to separate, the team...
confirmed on Thursday. The 2000 Sprint Cup champion earlier this season signed a four-year extension with partial ownership to remain in the ...
(more)
Bobby Labonte, Petty Enterprises to split
sports.espn.go.com - 12/10/2008
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sports.espn.go.com —
CHARLOTTE, N.C. -- Petty Enterprises released 39 employees
on Monday, bringing the total to 65 since the...
end of the season. A source close to the situation said NASCAR's most storied organization, the owner of 10 Sprint Cup titles between Richard ...
(more)
Petty Enterprises releases 39 more employees
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Blog Reactions
Petty Enterprises releases Labonte
Bloggin' is Racin' —
... It's official. Texan Bobby Labonte is looking for work. The 2000 NASCAR Sprint Cup champion was released by Petty Enterprises on Thursday as the team confirmed it is in merger talks with Gillett-Evernham Motorsports. The proposed agreement between the two teams would have GEM absorbing Petty's No. 43 team to create a four-car GEM organization. ...
Petty Lays Off Labonte
NASCAR BLOG —
... While the future couldn’t have looked brighter for the Labonte Petty connection half a year ago, the sad state of the times has forced Petty Enterprises to drop Bobby Labonte from the team. Petty Enterprises is now in talks with GEM for a possible merger. If this does not happen, Petty will most likely become a one car system in the 2009 Sprint Series. ...
Petty Without Sponsor - Bobby Labonte Without Ride
Auto Racing Daily —
... The driver had just agreed to a four-year extension, with the promise that there would be a place for him within the franchise once his days behind the wheel were done. Yet in the ensuing months, economic reality intervened. A recession hit. Sponsorship dried up. And so began the long tumble toward Thursday, when Petty Enterprises announced that it is negotiating with Gillett-Evernham Motorsports to field its flagship No. 43 car, and Labonte announced that he had been released from all ties to the organization . It’s another step toward the end of Petty Enterprises as the ...
Related Content
Bobby Labonte out at Petty Enterprises
blogs.orlandosentinel.com 12/12/2008 — Wherever the No. 43 is next year, it will be without Bobby Labonte. The driver reached a mutual agreement with Petty Enterprises to split next season despite not having a contract set up for 2009.
"In over 15 years of racing in the Sprint Cup ...
Report: Petty Enterprises will merge with Gillett Evernham
sports.espn.go.com 12/31/2008 — Petty Enterprises has agreed to a merger with Gillett Evernham Motorsports, with a formal announcement of the deal expected next week, Foxsports.com reported, citing multiple sources. Petty Enterprises and team owner George Gillett agreed to a deal on ...
NASCAR needs continued success from Petty - FOX Sports on MSN
msn.foxsports.com 6/24/2009 — Petty hadn't visited Victory Lane as a winner since April of 1999, when Petty Enterprises scored its last victory with John Andretti. As Petty Enterprises slipped into oblivion, wallowing in mediocrity and becoming an afterthought, many believed ...
Report: Petty Enterprises, Gillett Evernham Motorsports in merger talks
sports.espn.go.com 12/9/2008 — NEW YORK -- Petty Enterprises remains in discussions with Gillett Evernham Motorsports to merge into a four-car operation, sources told ESPN.com on Thursday. A report by SI.com that the merger would happen and that Petty Enterprises would not return ...
Hall of Fame spotlight: Richard Petty
examiner.com 10/20/2009 — In NASCAR circles, Richard Petty is called "King" for a reason. Elvis Presley may have been the "King of Rock and Roll," and Michael Jackson may have been the "King of Pop," but Petty was and still is king when it com...
CUP: Lights Out at Petty Enterprises
nascar.speedtv.com 12/31/2008 — After 60 seasons, Petty Enterprises, the oldest and most successful Cup team in NASCAR history, will close its doors today...
Merger launches Richard Petty Motorsports
sports.espn.go.com 1/19/2009 — CONCORD, N.C. -- At the top of Richard Petty's list of deal-breakers when merger talks began between Petty Enterprises and Gillett Evernham Motorsports was to keep his name in the title of the company. Meet Richard Petty Motorsports. Or "RPM," as ...
BREAKING NEWS: Petty-GEM Deal Off
sirius-speedway.com 12/16/2008 — 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 ...
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