THIS WAS A BUYOUT NOT A MERGER-THANKS FORD

FOR SELLING YATES OUT-
I wonder who was behind all of this hmmmmmm




More details on the Petty 'buyout' of Yates: The deal that brought together Richard Petty Motorsports and Yates Racing for next season is more of a buyout than a merger, minority owner Richard Petty said on Friday. "We're basically taking over their deal," the seven-time Sprint Cup champion said before qualifying at Richmond International Raceway. "As far as I know all of that whole operation will be Richard Petty Motorsports." Petty said George Gillett Jr., who declined to comment earlier Friday, would remain the controlling owner. He said Robbie Loomis, the executive director of race operations at RPM, will continue to run day to day operations. He was unsure what role Max Jones, who co-owned Yates Racing with Doug Yates, would take but speculated that he would stay on as the general manager. Jones declined to comment. Sources close to the situation said Yates would continue to run the Roush-Yates engine program that will supply engines to RPM's four teams -- Paul Menard from Yates and Kasey Kahne, Elliott Sadler and A.J. Allmendinger from RPM. Petty said plans are to move from RPM's Statesville, N.C., shop to Yates' facility in Concord, N.C., to be closer to Roush Fenway Racing, which will continue to supply parts, pieces and technical support as it did with Yates. Because engines will come from Roush-Yates, RPM will have to shut down its engine department that employed more than 40 people. Petty said the potential of letting more people go during tough economic times was the tough part of the deal.(in part from ESPN.com)(9-12-2009)

I think it is still for the best. Yates can concentrate on what he does best, building horsepower.

That is true. Those Yates engines do make for some good horsepower.

I guess you're mad at Ford about this, but I don't understand why. Doug Yates clearly wanted out, or he wouldn't have sold his team. I really don't believe that he was happy as an owner of a struggling team. I think he will much more enjoy himself now that he will be able to focus on engines.

I think this change is for the best for Ford Racing, Richard Petty Motorsports, and Doug Yates.

I agree with you Andrew- this very well may produce some success for ford

TeamBlueOval wrote:

I guess you're mad at Ford about this, but I don't understand why. Doug Yates clearly wanted out, or he wouldn't have sold his team. I really don't believe that he was happy as an owner of a struggling team. I think he will much more enjoy himself now that he will be able to focus on engines.

I think this change is for the best for Ford Racing, Richard Petty Motorsports, and Doug Yates.

MAD THATS PUTTING IT MIDELY, IF I COULD THROW OUT THE THREE FORDS IN MY GARAGE AS EASILY AS I THREW OUT DJ PARAFERNALIAS, I WOULD .

Wow.

What could possibly have made you this upset? Ford didn't force Doug Yates to sell his team. Doug owned that team and had the right to do whatever HE wanted with it. HE decided to sell it, not Ford.

If you want to be mad at someone, be mad at Doug Yates, because this all boils down to his decision.

I can understand Yatesracing (GG) getting as upset as she is. She been a long time Yates fan and now feels betrayed.

Me personally, It's easier to be a Driver fan then a Team or Mfg Fan. That way I don't have to be concerned with deals like this. Just follow a driver or two or three and be happy wherever they go.
Yeah, I love the Woods. But that's only because of getting to meet Bernece Wood and found her to be a super wonderful lady. I couldn't help put be a Fan. But that's not to say that I will always agree with there driver picks. It fried me when Schrader sank that ship. ~JMO

DeeDee wrote:

I can understand Yatesracing (GG) getting as upset as she is. She been a long time Yates fan and now feels betrayed.

Me personally, It's easier to be a Driver fan then a Team or Mfg Fan. That way I don't have to be concerned with deals like this. Just follow a driver or two or three and be happy wherever they go.
Yeah, I love the Woods. But that's only because of getting to meet Bernece Wood and found her to be a super wonderful lady. I couldn't help put be a Fan. But that's not to say that I will always agree with there driver picks. It fried me when Schrader sank that ship. ~JMO

Thanks DeeDee , couldn't have said it any better. Right now I feel like a lady being scorned except it's more like a LADY BEING BRTRAYED. I'm at the crossroads now and I have to make a decision on which road I am going to take. LOYALTY has been a curse of mine my whole life. This may be the reason its not going to be an easy decision after all FORD/YATES has been with me a very long time and now can I possible go with FORD/????/. . BIG DECISION