MB2 Motorsports Announces Restructuring of Ownership: MB2 Motorsports announced today that Robert E. Sutton has expanded his ownership involvement with the company by joining current and founding owner, Nelson Bowers, as an equal partner with the multicar race team. Sutton was previously a co-owner of MB2’s #36 Nextel Cup team. Jay Frye, MB2’s general manager and chief executive officer since the formation of the racing organization in 1996, will continue with a minority ownership in the company. Sutton’s expanded position will take effect immediately and MB2 Motorsports will become one entity with ownership of all of the company’s race teams starting with the 2006 season. The company fields three cars in the NASCAR Nextel Cup Series — the #01 U.S. Army Chevrolet, driven by Joe Nemechek; the #10 Valvoline Chevrolet, driven by Scott Riggs; and the #36 CENTRIX Financial Chevrolet, driven by Boris Said. The racing organization has a developmental program in progress with 20-year-old driver Joe Henderson of Franklin, Tenn. The company also has plans to have Kraig Kinser, the 19-year-old son of legendary sprint car racer Steve Kinser, join the developmental team. MB2 is currently based in Concord, N.C., but will be moving in August to a new shop in Mooresville, N.C. The new 144,000 square-foot complex will be more than three times larger than its current facility.(MB2 Motorsports PR)(6-30-2005)
