Home » NASCAR - Sprint Cup Series

RPM Has Been ‘Restructured”

Info Manager | , RacinToday.com Monday, November 22 2010

Richard Petty' says his team has been restructured. (Photo by John Harrelson/Getty Images for NASCAR)

RacinToday.com

A statement released by Richard Petty Motorsports on Monday seems to indicate that the team will continue on in NASCAR.

The statement, issued by Richard Petty regarding “plans for the 2011 NASCAR Sprint Cup Series season and beyond” says:

“Richard Petty Motorsports has completed its restructuring process and is now in the process of moving forward. RPM will shift from running four cars to two in the NASCAR Sprint Cup Series and that is never an easy process for the people involved.

“Currently, we are concentrating on building two solid programs with AJ Allmendinger behind the wheel of the No. 43 entry and Marcos Ambrose in the No. 9 Ford.

“We are very fortunate to have an extremely loyal family of partners and are looking forward to the future.”

The team’s future had been in doubt in recent months after majority partners George and Foster Gillett ran into financial difficulties.

Monday’s statement contained no details about financing or sponsorships.

Petty, a minority partner has been attempting to find new investors for the team.

During the 2010 season, which concluded Sunday, RPM fielded Sprint Cup cars for Allmendinger, Elliott Sadler and Paul Menard. It fielded a fourth car which was driven by Kasey Kahne until he and the team split late in the year. That ride was then taken over by Aric Almirola.

Petty was a seven-time Cup champion as a driver. He was a member of the inaugural class of the NASCAR Hall of Fame in Charlotte, N.C.

During his career, he won 200 races – by far, the most of any driver in the history of the sport.

His father, Lee Petty, was voted into the Hall of Fame in 2010.

Info Manager | , RacinToday.com Monday, November 22 2010
2 Comments

2 Comments »

  • Terry says:

    Good to see RPM hang on…..They seem to be in the mix each week. Them and the now mostly symbolic Woods Bros car are all that’s left of the good old NASCAR…..
    The #43 will still be competeing…..
    now it if the #21 try also
    it would be fun to watch.

  • W.W. says:

    Wishing the best of luck to the King’s new version of R.P.M. Just glad to know there will be a 2011 season for them.
    Mr. Antisocial Guy
    The Original
    One Angry Man