This is a special moment for both organizations, as the Next Gen car allows a new chapter to be written.. Todd Gilliland will make the jump from trucks to Cup, bypassing the Xfinity Series as he takes over the Front Row Motorsports No. [19], On August 10, Petty GMS announced that Noah Gragson would replace Dillon for the 2023 season.[20]. 94 for GMS Racing -- will now drive a Petty-branded No. The auction will be conducted live and online by Julien's Auctions, which estimates the value of the '74 Charger at $400,000 to $600,000 and the 1967 trophy at $100,000 to $200,000. Kyle Petty raced the number from 1979-82 and 1989-96, with Mike Beam as the crew chief of the No. It is, however, a surprise that four years in trucks would be the path, especially with no finish higher than seventh in the standings. The collection also includes a leather racing jacket signed by Petty, race programs, license plates, posters, trading cards, plaques and clothing. It is a big jump, but Gilliland might be at least slightly more prepared than others who might try such a move. For RPM, 2021 was a down year in terms of visibility. But Petty said the team structure has been kind of confusing from my standpoint since Petty GMS was restructured into Legacy Motor Club. Ryan Truex ran away from the rest of the field and easily won Saturdays NASCAR Xfinity Series race at Dover Motor Speedway. Plus story lines, how to watch NASCAR Cup Series race at Dover, 2023 Wurth 400: Preview, Odds Trends, Best Bets, Dover Cup Seres race postponed, moved to Monday, Racing superstar Tony Stewart has conquered a lot. His ranking fell from a high of second to eighth at regular seasons end. Throughout the season, he only scored a top-10 finish at the Bristol dirt race. 2004-2023 CBS Interactive. Obviously, we have our ups and downs, and I would say that we have struggled at times for sure, Martinsville being the worst. I could go on the short run, but not the long run. NASCAR: Majority of Richard Petty Motorsports sold - Yahoo Sports I thought Austin did an awesome job with what we had at Martinsville, running 12th there, that was good. Erik Jones signed a contract extension with RPM in August and should remain in the No. One of Pettys charters is used to run the iconic No. Mike Beam, who oversees GMS Racing on a day-to-day basis, most likely will run the entire operation, with Petty CEO Brian Moffitt having a leadership role, especially when it comes to the No. Kyle Busch will lead the field to the green flag after qualifying was canceled Saturday by rain. [8][9], On January 11, 2023, the team announced the rebranding of the organization to Legacy Motor Club, marking the first time since the founding of NASCAR in 1949 that the Petty family has not had their name on a team in NASCAR's top series. Larsons rise was facilitated in part by Buschs struggles. Notably, RPM was one of the last teams to run a Dodge before the automaker pulled out of NASCAR competition. The new Petty GMS Motorsports leadership gives a presentation and answers questions on stage at the NASCAR Hall of Fame. 43 with Richard Petty Motorsports", "Erik Jones Returning to Petty GMS Racing", "Erik Jones pulls off Southern 500 stunner in upset win at Darlington", "Jimmie Johnson, Travis Pastrana seal Daytona 500 berths", https://en.wikipedia.org/w/index.php?title=Legacy_Motor_Club&oldid=1151461908, Companies based in Charlotte, North Carolina, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 24 April 2023, at 06:22. 43 he made famous. Petty GMS Racing was renamed Legacy Motor Club for the 2023 NASCAR Cup Series season, and The King has no ownership stake in the organization that Truex, from New Jersey, considers Dover his home track. Petty said he understood why the team rebranded. He's confirmed to return next season in the same car, and GMS Racing will field Ty Dillon in the new No. Petty said he has more cars and memorabilia than he can showcase in his museum in Level Cross, North Carolina. In an interview Saturday afternoon with Dan Gelston of the Associated Press, Johnson said he was disappointed to hear and read through the press that his feelings were bruised because hes not expressed them to me, for starters. Petty won a record 200 races, including seven at the Daytona 500, and seven Cup championships. "Richard Petty didn't hold back about the changes at Legacy Motor Club, saying he doesn't have much input in the direction of the race team since Jimmie Two top-10 and one 11th-place finish moved Elliott from 19th to the top spot by the fifth race. In 2022, GMS' trucks will be driven by Grant Enfinger and Jack Wood. WebRichard Petty was introduced Tuesday as chairman of Petty GMS Motorsports and a "face of the team at the racetrack." Because points reset after the regular season, Ill limit the data to the first 26 races. Richard Petty Motorsports will sell a majority interest in its iconic NASCAR team to GMS Racing owner Maury Gallagher, the teams announced Wednesday. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. There are guys that are better at that style of racing than maybe me, but I still think it comes down to certain circumstances at the end where you are, how it all works, how it all happens. If he hadnt wrecked at the last race of the regular season, he might have finished the regular season in second place. 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. Obviously, we have our ups and downs, and I would say that we have struggled at times for sure, Martinsville being the worst. "Two charters are included in the agreement and will be operated during the 2022 NASCAR Cup Series season. 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. Other details regarding the purchase and 2022 plans will be revealed next Tuesday at the NASCAR Hall of Fame. Two top-10 and one 11th-place finish moved Elliott from 19th to the top spot by the fifth race. [6], Following the 2022 season, Richard Petty sold all shares of Petty GMS Motorsports to majority owner Gallagher. Let me walk you through two graphs summarizing Chase Elliotts 2022 regular season. Some of the uniforms, some stuff that really meant something in my career.". 43 car that was driven by Erik Jones last year and the No. When Kyle ran his first full season, in 2005, the Coca-Cola 600 was the 12th race of the season. Since officially becoming Richard Petty Motorsports in 2009, the team has managed five Cup Series wins and featured big-name drivers like AJ Allmendinger, Kasey Kahne, and Sam Hornish Jr. Its last Cup victory came in 2014 with Aric Almirola driving a Ford Fusion at Daytona. Rank doesnt have the same meaning once the playoffs start. Visit store Contact. GMS Racing announced Wednesday that team owner Maury Gallagher had bought a majority interest of Richard Petty Motorsports in a move that was of no surprise to industry insiders. The deal should not impact GMS Racings plans to field at least two trucks next season, as they already announced Jack Wood and Grant Enfinger as the drivers. | Opinion, Castle for sale in SC has it all gargoyles, lions heads and even a sword in stone, Charlotte City Council member Braxton Winston announces bid for statewide office, Can Kyle Busch repeat? Petty is now 84 years old and retains a minority stake in the team. Checked in with Erik Jones agent and he expects no change to Jones status as driver of the 43 car with the Medallion Bank sale of its majority ownership of RPM to Maury Gallagher. "Petty GMS will have a sole focus of winning. When we got with GMS, we had to blend with them. Bob Pockrass (@bobpockrass) December 2, 2021. Dillon was instrumental in convincing his grandfather, team owner Richard Childress, to bring Busch into the fold at RCR. 42. Hell probably be the majority owner of our operation in four to five years. "Ty and Erik have proven themselves through the years and we are looking forward to the success they will have as teammates.". Save Seller. Richard Petty Motorsports has agreed to sell a majority interest to Maury Gallagher, owner of GMS Racing," a statement read. 43 car with Ty Dillon being the likely candidate for the second entry. North Carolinas divorce law is clearly an outlier. There is some uncertainty in the hypothesis because the Charlotte race was 10th on the schedule in 1990. RPM and Gallagher announced Wednesday that Gallagher had purchased majority interest in the team from Medallion Corp. and that it included RPMs two charters. Because points reset after the regular season, Ill limit the data to the first 26 races. The Phoenix test originally scheduled for mid-December has been moved to Jan. 25-26 in place of a test at Las Vegas. Detailed seller ratings. The number is an inverse of Johnson's famous 48 car (still run by Johnson's long-time team Hendrick Motorsports). Ty Dillonwill be the driver. 51. Hes always been so kind and wonderful to me, Johnson said. WebThe team was known as Petty GMS Motorsports from December 2021 to January 2023 On December 1, 2021, Gallagher purchased a majority interest in the former Richard Petty I have not had a lot of restrictor plate wins and have been lucky enough to get those wins. Gilliland's 9.5 average finish this year ranked him second among full-time drivers in the series, just behind champion Ben Rhodes and just ahead of John Hunter Nemechek. Although many drivers dont change rank much after Charlotte, that doesnt guarantee that they cant change positions. Save seller. But that doesnt mean that we dont go to work and try and figure it out and make it better for both of us.. He has made 89 Xfinity starts. 42. Dillon ran part-time this year across all three national divisions after running full-time at the Cup level in the four years prior. Busch ranked third at Charlotte in 2022 although he was sixth just two races before.
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