Racing Assets of Richard Petty Motorsports Purchased by Richard Petty, Medallion Financial, and DGB Investments

by | Nov 29, 2010 | NASCAR

Racing Assets of Richard Petty Motorsports Purchased by Richard Petty, Medallion Financial, and DGB Investments

Concord, N.C. (November 29, 2010) – Racing legend and all time NASCAR win leader Richard Petty is back in the driver’s seat.

Richard Petty Motorsports signed and closed a sale of its racing assets to an investment group comprised of Richard Petty, Medallion Financial Corp. (Nasdaq:TAXI) and DGB Investments.

Richard Petty, a seven-time NASCAR champion has won 200 races, including 10 Daytona races. Known in the NASCAR world as “The King,” Petty will serve as Chairman and will be actively involved in overseeing day-to-day operations of the company. As previously announced, the team will operate the legendary No. 43 car driven by AJ Allmendinger and the No. 9 car driven by Marcos Ambrose.

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