CONCORD, N.C. (AP) — Richard Petty will be the chairman of his race team as part of the new ownership group.
The racing assets of Richard Petty Motorsports have been sold from George Gillett Jr. to an investment group that consists of Petty, Medallion Financial Corp., and DGP Investments.
The new group announced Monday will allow Petty to run the organization and participate in the day-to-day operations.
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