Backstretch Motorsports

Posts Tagged ‘GEM’

Follow-Up: Petty Holdings & Gillett Evernham Motorsports Announce Agreement in Principle To Form New Team

By Bram • Jan 8th, 2009 • Category: NASCAR, News, Notes, Sprint Cup Series

New, Notes and Quotes

STATESVILLE, N.C. – Gillett Evernham Motorsports (GEM) and Petty Holdings announced today an agreement in principle to form a new NASCAR Sprint Cup team co-owned by Richard Petty, Petty Holdings, owned by majority shareholder Boston Ventures, and Gillett Evernham Motorsports.

The team will field four Dodge entries in the 2009 NASCAR Sprint Cup season. Details of the transaction are expected once the deal is closed. Petty and GEM officials anticipate a final agreement by the end of January.

[read more...]

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