Petty to chair Petty GMS Motorsports
CHARLOTTE, N.C. (AP) The GMS Racing majority purchase of Richard Petty Motorsports will be called Petty GMS Motorsports going into next season and NASCAR Hall of Famer Richard Petty will be chairman of the new two-car Cup Series team.
Petty GMS Motorsports revealed its plans for 2022 at the NASCAR Hall of Fame, less than a week after Maury Gallagher announced he'd bought out Andrew Murstein at RPM.
Murstein, as head of Medallion Financial Corp., had been the primary owner of RPM since 2011 and an SEC filing showed Gallagher paid $19.1 million for Medallion's majority stake.
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