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| Owner(s) | Richard Petty Andrew M. Murstein Douglas G. Bergeron |
|---|---|
| Base | Welcome, North Carolina |
| Series | NASCAR Cup Series |
| Opened | 2009 |
| Closed | 2021 |
| Career | |
| Debut | Cup Series 2009 Daytona 500 (Daytona) Xfinity Series 2009 NAPA Auto Parts 200 (Circuit Gilles Villeneuve) |
| Latest race | Cup Series 2021 Season Finale 500 (Phoenix Raceway) Xfinity Series 2016 Hisense 4K TV 300 (Charlotte) |
| Races competed | Total: 1,027 Cup Series: 900 Xfinity Series: 127 |
| Drivers' Championships | Total: 0 Cup Series: 0 Xfinity Series: 0 |
| Race victories | Total: 7 Cup Series: 5 Xfinity Series: 2 |
| Pole positions | Total: 10 Cup Series: 9 Xfinity Series: 1 |
Richard Petty Motorsports (RPM) was an American professional stock car racing team that competed in the NASCAR Cup Series.[1] The team was founded as a result of the merger between Gillett Evernham Motorsports (GEM) and Petty Enterprises, with former Montreal Canadiens and Liverpool F.C. owner George Gillett having a controlling interest in the organization.[2][3] In late 2009, the team merged with Yates Racing and consequently switched to Ford for the 2010 season.[4] Evernham had no involvement in the team by this time.[5]
After funding issues due to the Gillett family's financial woes, in November 2010, an investment group including Andrew M. Murstein and his Medallion Financial Corporation, Douglas G. Bergeron, and Richard Petty himself, signed and closed sale on racing assets of Richard Petty Motorsports.[6][7][8] On December 1, 2021, it was announced that GMS Racing owner Maurice J. Gallagher Jr. had purchased a majority stake of the team, including both charters. The next day, Medallion confirmed it had sold all shares to Gallagher.[9] On December 7, it was confirmed that the combined organization would operate under the banner of Petty GMS Motorsports, which was later renamed Legacy Motor Club.
- ^ "RPM sells assets to Petty, two financial companies". NASCAR.com. November 29, 2010. Retrieved November 29, 2010.
- ^ "NASCAR notebook: Sponsor strangeness, Petty name official". Autoweek.com. January 20, 2009. Archived from the original on June 4, 2011. Retrieved November 27, 2010.
- ^ Newton, Dave (January 9, 2009). "Petty, Gillett Evernham merge". ESPN.go.com. Charlotte, North Carolina: ESPN. Retrieved August 24, 2014.
- ^ Spencer, Reed (September 10, 2009). "Petty, Yates to merge, switch to Fords". Sporting News. Archived from the original on August 26, 2014. Retrieved August 24, 2014.
- ^ "Evernham says he's no longer tied to RPM deal". November 20, 2010.
- ^ "Taxi tycoon Andrew Murstein is revved to build race track in New York, bring sport to fans." NY Daily News, December 14, 2010 (http://www.nydailynews.com/gossip/2010/12/14/2010-12-14_taxi_tycoon_andrew_murstein_is_revved_to_build_race_track_in_new_york_bring_spor.html)
- ^ ”Ambrose victory validates investment into RPM” NBC Sports, August 16, 2011 (http://scores.nbcsports.msnbc.com/nascar/story.asp?i=20110816174624103641708&ref=hea&tm=&series=NASCAR Archived 2014-04-07 at the Wayback Machine)
- ^ Sandomir, Richard (November 30, 2010). "Richard Petty Is a Buyer in the Sale of Petty Motorsports". The New York Times. Retrieved November 1, 2014.
- ^ "Medallion Financial Corp. Announces Sale of Its Nascar Race Team Investment". Yahoo! Sport. Retrieved December 2, 2021.