Petty-GEM merger? UPDATE 3:

hearing there could be an announcement as soon as today that Gillett Evernham Motorsports [#9,10,#19] and Petty Enterprises [#43,#45] has merged.(12-4-2008) UPDATE: SI.com has learned that Petty Enterprises’ top operation will not return in 2009. The organization will merge with George Gillett, giving that team its fourth car. No word on the future association with Petty Enterprises and Boston Ventures, although Boston Ventures may maintain some involvement in the Richard Petty Driving Experience. Official announcement of the news could come as early as this afternoon. No word on whether Richard Petty will have an ownership stake as part of the merger agreement.(Sports Illustrated)(12-4-2008) UPDATE 2: Petty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports. Multiple people familiar with the talks told the AP that the two teams are discussing a deal that would merge Petty’s #43 Dodge with GEM to become a four-car operation. They requested anonymity because the negotiations are ongoing. SI.com first reported Thursday that Petty Enterprises’ top operation will not return in 2009. But David Zucker, CEO of Petty Enterprises, said the report was “not accurate.” He would not discuss a potential merger. “We’re not going to comment on rumors and speculation,” he said. Petty has no full-time sponsorship lined up for next season. The team fields cars for Bobby Labonte, Chad McCumbee and Kyle Petty. Robbie Loomis, vice president of Petty Enterprises, told the AP nothing has changed with the organization, and the team is continuing to talk to potential partners. Drew Brown, a spokesman for GEM, did not immediately return a call for comment.(Associated Press)(12-4-2008) UPDATE 3: Petty Enterprises remains in discussions with Gillett Evernham Motorsports to merge into a four-car operation, sources told ESPN.com on Thursday. A report by SI.com that the merger would happen and that Petty Enterprises would not return in 2009, according to multiple sources, is premature. Drew Brown, the director of communications at GEM, said the status of the company has not changed and there are no impending announcements. Officials at the office of GEM majority owner George Gillett were surprised by the report. “We’re just not going to comment on speculation,” Brown said. Should such a merger happen it would shrink the garage by another car, the 45 driven by Kyle Petty, Chad McCumbee and Terry Labonte last season. The #43 of Bobby Labonte would combine with GEM’s #9 of Kasey Kahne, #19 of Elliott Sadler and #10 of Reed Sorenson. A merger could also mean the end of NASCAR’s most storied organization as it has been known since 1969. Owner and seven-time champion Richard Petty sold majority interest in Petty Enterprises earlier this year to Boston Ventures but maintained the Petty name. It is unclear if a potential merger with GEM would incorporate both parties or if the Petty Driving Experience would be included. News of the SI.com report spread rapidly through the Manhattan banquet room that hosted a Thursday awards luncheon featuring the top 12 drivers from this past season. GEM has already benefited from the merger of DEI and Ganassi, which will run under General Motors — Ganassi was a Dodge team — and use engines prepared by Earnhardt-Childress Racing. The #10 car that was 37th in points will move into the top 35 guaranteed a spot in the field because the two DEI cars lost in the merger have been eliminated from the top 35. The #47 car that will be driven by Marcos Ambrose for JTG-Daugherty moved from 36 to 35. “Everybody will just shift up,” NASCAR spokesman Kerry Tharp said. “We will use the top 35 at the track.”(ESPN)(12-4-2008)