Racing News Daily » Entries tagged with "Ray Evernham"
Evernham suing Gillett’s companies for $19 million
Special to Sporting News NASCAR Wire Service Ray Evernham has filed a $19 million lawsuit against companies operated by former partner George Gillett over unpaid shares of the former Richard Petty Motorsports. Evernham, who sold the majority of his Evernham Motorsports team to Gillett in 2007, filed the lawsuit in North Carolina Superior Court in Charlotte, N.C. The Gillett company that ran the race team, Gillett GEMS, as well as Gillett’s Booth Creek Management Corporation, are listed as the defendants. Having remained a minority owner in Gillett Evernham Motorsports as well as Richard Petty Motorsports after the Gillett Evernham-Petty Enterprises merger in 2009, Evernham in his complaint asks for $19,183,203 he claims he is owed after the sale of RPM last November to Richard Petty and a group of investors. In his lawsuit, Evernham … Read entire article »
Filed under: NASCAR
Ray Evernham Enterprises to Consult for the Hendricks Companies
CONCORD, N.C. – Ray Evernham Enterprises (REE) has been retained to consult for the Hendrick Companies, a management company formed in 2005 to oversee strategic initiatives for chairman Rick Hendrick. Founded in 2008 by successful auto racing crew chief, team owner and broadcaster Ray Evernham, REE will consult on special projects related to Hendrick’s core businesses. In that role, REE’s initial focus will be development of the Hendrick Performance retail brand of high-performance parts, vehicles, products and related services. “Hendrick Performance parts and cars will have a racing pedigree, and Ray is someone who will help ensure that on behalf of our customers and dealers,” Hendrick said. “He’s assembled a terrific group of people at REE, and I see a lot of opportunities for them to be a valuable resource for … Read entire article »
Filed under: NASCAR
Richard Petty Motorsports aggressively seeking funding
By Tripp Mickle Special to the Sporting News NASCAR Wire Service George Gillett’s financial difficulty following the sale of Liverpool FC has thrown the future of Richard Petty Motorsports into doubt and left the NASCAR team’s owners and lenders searching for investors to keep the team afloat. The Gilletts and Pettys, which are two of the NASCAR team’s principal owners, began an aggressive search for investors this month. RPM has hired the Gordian Group, a New York-based investment bank, to assist them in their search, while the syndicate of banks that lent Gillett more than $90 million to buy the team have been working with FTI Consulting, a global consultancy specializing in corporate finance, to find investors, sources said. A spokeswoman for RPM declined to comment. The search for funding for RPM follows a challenging … Read entire article »
Filed under: Sprint Cup
Rusty Wallace And Ray Evernham Taking Aim On Another Victory At Bristol Motor Speedway
LAS VEGAS – Former NASCAR Cup Series Champion and nine-time Bristol Motor Speedway Cup Series winner, Rusty Wallace and three-time Cup Series Champion crew chief, Ray Evernham, announced today that they will team to pilot a No. 2 Chevrolet Impala SS in the March 21st Saturday Night Special at Bristol Motor Speedway. The event marks Wallace’s first career start at Bristol while driving a Chevrolet. … Read entire article »
Filed under: NASCAR
Recent Comments