Sources: Petty-Yates finalize deal to merge

BY foxsports • December 15, 2009

Richard Petty Motorsports officially became a Ford operation on Thursday.

Sources told that the merger deal was signed between principals from RPM and Yates Racing and the appropriate paperwork was filed with Ford Motor Company.

Richard Petty Motorsports brings three additional teams to the table, the Nos. 9, 19 and 43. Ford officials have said repeatedly what a coup it was to gain Kasey Kahne, who finished 10th in the Sprint Cup point standings, into the fold as well as 28-year-old AJ Allmendinger. Elliott Sadler will also join the driver roster which included Paul Menard from the former Yates organization.

RPM is currently operating out of Statesville, N.C. The former Yates Racing buildings in Concord, N.C. are currently being remodeled to accommodate all four teams. That move is scheduled for Speedweeks in February.

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