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Richard Petty Motorsports
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smudgie: 07/Feb/23
Richard Petty Motorsports
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_Defunct Motorsport Teams
Last Edit
smudgie: 07/Feb/23
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Richard Petty Motorsports (RPM) was an American professional stock car racing team that competed in the NASCAR Cup Series.
On December 1, 2021, RPM sold a majority interest in the team to GMS Racing for US$19 million. The deal included both of RPM's charters; the No. 43 continues to operate with its charter while the second charter - which was leased to Rick Ware Racing for the No. 51 from 2019 to 2021 would be transferred to GMS' No. 42.
The team was founded as Evernham Motorsports in 2000 by former crew chief Ray Evernham, entering full-time competition as a two-car operation in 2001 and fielding additional full-time entries in alliances with Ultra Motorsports and the Valvoline corporation. The organization was renamed Gillett Evernham Motorsports in 2007 after former Montreal Canadiens and Liverpool F.C. owner George Gillett bought a controlling interest from founder Evernham, and took on its current name after merging with Petty's team Petty Enterprises in 2009. Known for its factory backing from Dodge since its inception, the team switched to Ford in late 2009 and merged with Yates Racing for 2010. The team has the odd distinction of being the result of three successful teams (Evernham, Petty, & Yates) merging after falling on hard times.
After funding issues due to the Gillett family's financial woes, in November 2010, an investment group including Andrew M. Murstein and his Medallion Financial Corporation, Douglas G. Bergeron, and Richard Petty himself, signed and closed sale on racing assets of Richard Petty Motorsports. Petty, Murstein, and Medallion Financial are the current owners of the team, while Evernham, Gillett, and Bergeron are no longer involved with the team.
In the Sprint Cup Series, the team currently fields the No. 43 Smithfield Foods/STP/Fresh From Florida/U. S. Air Force Ford Fusion full-time for Aric Almirola, and the No. 44 Albertsons/Shore Lodge/Twisted Tea Ford Fusion full-time for Brian Scott. RPM drivers including Almirola, Jeb Burton, and Ryan Truex also run part-time Xfinity schedules in the No. 98 Ford Mustang for Biagi-DenBeste Racing. RPM also has a partnership with Empire Racing, fielding the No. 43 Ford F-150 in the Camping World Truck Series.
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Description Available in:
Richard Petty Motorsports (RPM) was an American professional stock car racing team that competed in the NASCAR Cup Series.
On December 1, 2021, RPM sold a majority interest in the team to GMS Racing for US$19 million. The deal included both of RPM's charters; the No. 43 continues to operate with its charter while the second charter - which was leased to Rick Ware Racing for the No. 51 from 2019 to 2021 would be transferred to GMS' No. 42.
The team was founded as Evernham Motorsports in 2000 by former crew chief Ray Evernham, entering full-time competition as a two-car operation in 2001 and fielding additional full-time entries in alliances with Ultra Motorsports and the Valvoline corporation. The organization was renamed Gillett Evernham Motorsports in 2007 after former Montreal Canadiens and Liverpool F.C. owner George Gillett bought a controlling interest from founder Evernham, and took on its current name after merging with Petty's team Petty Enterprises in 2009. Known for its factory backing from Dodge since its inception, the team switched to Ford in late 2009 and merged with Yates Racing for 2010. The team has the odd distinction of being the result of three successful teams (Evernham, Petty, & Yates) merging after falling on hard times.
After funding issues due to the Gillett family's financial woes, in November 2010, an investment group including Andrew M. Murstein and his Medallion Financial Corporation, Douglas G. Bergeron, and Richard Petty himself, signed and closed sale on racing assets of Richard Petty Motorsports. Petty, Murstein, and Medallion Financial are the current owners of the team, while Evernham, Gillett, and Bergeron are no longer involved with the team.
In the Sprint Cup Series, the team currently fields the No. 43 Smithfield Foods/STP/Fresh From Florida/U. S. Air Force Ford Fusion full-time for Aric Almirola, and the No. 44 Albertsons/Shore Lodge/Twisted Tea Ford Fusion full-time for Brian Scott. RPM drivers including Almirola, Jeb Burton, and Ryan Truex also run part-time Xfinity schedules in the No. 98 Ford Mustang for Biagi-DenBeste Racing. RPM also has a partnership with Empire Racing, fielding the No. 43 Ford F-150 in the Camping World Truck Series.
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