Erik Jones signed a contract extension with RPM in August and should remain in the No. The Petty name has been a part of NASCARs premier series virtually since its 1949 inception until this year. When Kyle ran his first full season, in 2005, the Coca-Cola 600 was the 12th race of the season. Let me walk you through two graphs summarizing Chase Elliotts 2022 regular season. How the sale impacts any sponsorship deals previously announced for Jones also is unclear. 94 Chevy for next year. This is a special moment for both organizations, as the Next Gen car allows a new chapter to be written, the statement read. Racing News: Richard Petty Motorsports Sells Majority Interest Contact them directly: caleb@thedrive.com. In the SEC filing, Medallion Corp, stated: Pursuant to the Subscription Agreement, on December 1, 2021, RPAC sold 9,999 preferred units in (Richard Petty Motorsports) to Buyer in exchange for a cash capital contribution in the amount of $19,100,000, which (net of fees and other transaction costs) was paid to the Company and certain of its subsidiaries (collectively, Medallion) in full satisfaction of the outstanding (RPM) intercompany indebtedness. Busch is right that, more often than not, rankings do tend to find their level after the first dozen or so races. [12], On June 17, 2021, Gallagher announced that GMS Racing would move up to the NASCAR Cup Series in 2022. As Busch said, something stupid can always happen. With the acquisition of a charter through their partnership with Petty, GMS will now be guaranteed a spot in every Cup Series race as they seek to build on their Truck Series success. Petty cars, trophies to be auctioned off May 12, Button battles heat exhaustion in NASCAR debut. Gallagher, who has had success as a team owner in the Camping World Truck Series, already announced plans to field a car for Ty Dillon, whether it had a charter or not. Accurate description. Truex, from New Jersey, considers Dover his home track. I thought Austin did an awesome job with what we had at Martinsville, running 12th there, that was good. Last year at the same time, Busch was in fourth place, 56 points out of first. When Kyle ran his first full season, in 2005, the Coca-Cola 600 was the 12th race of the season. The forecast at Dover Motor Speedway didnt look good on Sunday. Richard Petty bothered by downsizing under Jimmie Johnson Jan 11, 2021 Richard Petty is still the king of NASCAR These days, Richard Petty continues to live in Level Cross, N.C. but on occasion, comes to Richard Petty Motorsports in Welcome, N.C. to talk with crew members and look over the No.
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