RPM in default on a loan

[TexasRaceLady]

"Richard Petty Motorsports, the NASCAR team owned by George Gillett, has been in default on a roughly $90 million loan since at least February but expects to soon restructure the obligation, sources said last week"

Whole article here ---

http://sports.yahoo.com/nascar/news?slug=nascar_com-RPM.ggillett.loan.default-20100412

 

[kkfan91]

run kasey run

 

[Magnethead]

run kasey run

He'l be with Tony next year, i hope

 

[Tennessee Racing]

^Tony needs to get his car running before he starts another team. Anyone else think RPM will be under by the end of next year?

 

[Magnethead]

^Tony needs to get his car running before he starts another team. Anyone else think RPM will be under by the end of next year?

Yes. AJ is their only hope.

 

[Mopardh9]

I'm really surprised they haven't folded by now, I think Kasey and AJ could be a great addition to an established front running team. It seems to me that the Petty/ Gillete thing really never was run right from the get go.

 

[carsntunes]

To me it seems that since Richard sold the Petty name out to just about everything, that it is finally loosing whatever dignity that was left.

 

[ted@economy]

I feel bad for Kyle and the family.The end of an era.Another reason for some type of franchising.

 

[SST55]

The death of Adam was the beginning of the end for Petty.

 

[kkfan91]

run kasey run

well Kasey ran