GEM/Petty Merger

[BobbyFord]

Latest on the GEM-Petty merger: A possible merger between Gillett Evernham Motorsports and Petty Enterprises would benefit both teams from a competition standpoint, Petty vice president of racing operations Robbie Loomis said Saturday. In a season of mergers, GEM and Petty are just the latest to talk about combining their teams and resources. From Loomis' view on the competition side, sharing engineering would only help. Loomis pointed to the agreement between Roush Fenway Racing and Yates Racing - in which the teams will share information, cars and motors - as one that might work for Petty and GEM. "I think that's the same thing we're trying," he said. "The model of the sport has been created by NASCAR, the framework has been set with the rules. And now we're trying to figure out how to make Petty Enterprises bigger and larger." Petty already gets its engines from GEM. Evernham, who is focused more on the racing and less on the business since selling a majority share of his company to George Gillett, said he would welcome the opportunity to work with the Pettys and "especially Bobby Labonte." "There's obviously discussions going on," he said. "I don't know exactly where they're at. ... I think it would be a good thing for both organizations." Loomis said in the year and a half since he returned to the Petty organization, he'd been approached by three or four teams about doing various deals with the 43 car in particular. "That's what everybody is interested in, they're interested in the Petty brand and the 43," he said. "It's such a clean thing. You look at the things with Kyle Petty and Victory Junction Gang [Camp] and everything they stand for, their worth is worth a lot more than what's on the race track. And what I want to do is make sure we've got the money and the tools to operate on the race track. Right now we're operating on half to a third of the budget that the big teams are operating on, so I want to make sure that we're going to get the money and the financing to carry the company forward and take it to the next level while we still keep what I call the 'P' in the Petty - the things off the track that makes Petty feel good."(SceneDaily.com)(9-16-2007

 

[BobbyFord]

More on the GEM/Petty 'merger': George Gillett Jr., the majority owner of Gillett Evernham Motorsports, has been a big fan of seven-time NASCAR Cup champion Richard Petty for more than 30 years. Now he wants to be business partners. Gillett is actively pursuing a merger that would make Petty Enterprises and GEM a four-car team. Sources close to the situation say the merger likely would happen before the start of the 2008 Sprint Cup season, with Petty likely moving his two-car operation of #43-Bobby Labonte and #45-Kyle Petty to GEM's Statesville [NC] facility. Gillett would only confirm that there have been discussions. "He's a man of great integrity, honesty," Gillett said of Petty. "His values are something like I've never seen. ... I'd love to figure out a way to be associated with him. I'm not prepared to say any more than that today. Richard and I are good friends." GEM minority owner Ray Evernham said such a deal would make both organizations stronger. "From my point of view, I would like to see that happen," Evernham said of the merger. "For me, the sooner the better." Evernham has been looking to expand to four teams. The difference here, he said, is he would have four good teams that are solidly in the top 35 for next season. Gillett said expansion is the only way to keep up, and not just in terms of teams. He is looking to build a large shop in the Charlotte area that will become a destination for racing fans. "Ray Evernham has every bit of technical skill and genius as the best of any one of those programs," he said of Evernham, who won three Cup titles as Gordon's crew chief. "So we will deploy ourselves in a way that gives us as much competitive strength as is possible to do within the rules." To stay within those rules, specifically NASCAR's four-car limit, GEM would have to lose one of its three teams to merge with Petty. The #10 driven by Scott Riggs is the likely target. Riggs is 37th in [drivers and owners] points, well behind Kahne in 22nd [drivers] and Elliott Sadler in 25th [drivers]. Gillett acknowledged that he would like to get more seat time for Patrick Carpentier, who finished 22nd when he replaced Riggs at the Watkins Glen road course last month. "We had our first test with him yesterday on an oval," [Kentucky Speedway] he said. "We're going over the data. ... I can tell you he looked very good and very comfortable on the track. He was competitive. It doesn't appear there will be any significant learning curve." Regardless, to merge with Petty Enterprises there would be no room for Carpentier in a Cup car. "It's all about the number of cars," Gillett said. "We would have to get rid of one of the cars here. Whether 'get rid of' means mothball or have it aligned with another team ... there are a number of teams out there that don't have four cars, several of whom we already have relationships with." GEM and Petty, which would remain under the Petty Enterprises umbrella, potentially could have the knowledge of six to eight cars under that scenario as Roush Fenway Racing plans to do under its partnership with Yates Racing. "As you can see, we've got technical excellence, a commitment to technology and upstanding people," Gillett said. "We need to exploit that. That can be exploited in any number of ways."(ESPN.com), on has to wonder..... what about Petty Enterprises long standing non-alcohol sponsorship policy? neither the #43-Labonte or #45-Petty cars carry any form of alcohol [beer or spirits] decals/sponsorship - like the Bud Pole award. How would teaming up with GEM and the #9 Budweiser sponsorship effect this policy?(9-19-2007)

 

[Magnethead]

It wouldn't. If they aren't one complete team, which they won't, that shouldn't matter.

 

[Benevolent One]

Bring it on! Anything that helps get a Petty car back in victory lane is cool with me