Apparently, stock car racing icon Richard Petty isn’t going anywhere, after all.
It was announced on Tuesday that the seven-time NASCAR champion will remain in an administrative role even though he has sold majority interest in Richard Petty Motorsports. There was speculation that Petty, a 200-time race winner and the sport’s most beloved figure, might step away from racing after new majority owner Maury Gallagher took over RPM.
Instead, the 84-year-old Petty will be chairman of the new Petty GMS Motorsports organization that will field Chevrolets for Ty Dillon in No. 42 and Erik Jones in No. 43. The team will consolidate its resources and compete out of Gallagher’s current complex in Statesville, North Carolina, north of the Charlotte/Mooresville area. Gallagher, a long-time championship-level Camping World Truck Series owner, will continue to field teams in that series.
For the full story, check out this article from Road & Track.