Sirius NASCAR Radio’s Sirius Speedway with Dave Moody has learned that Budweiser has told Richard Petty Motorsports that the team will not receive the final installment of its 2010 sponsorship contract. Bud’s contract called for Kasey Kahne to be the driver of the Budweiser Ford, and when Kahne left the team five races early to join Red Bull Racing, that contract became null and void. There has been no confirmation from either the team or Budweiser, and no word on what the final installment of that sponsorship would have been worth to the team.(Sirius Speedway)(10-29-2010)
UPDATE: Richard Petty Motorsports’ director of competition Robbie Loomis expects the organization to stay status quo until the end of the season. Despite rumors of doom and gloom surrounding the organization – and the latest allegation that Budweiser will not fulfill its contractual obligations with the final payment on its sponsorship of the #9 entry – Loomis insists that RPM will field four cars throughout the remainder of the NASCAR season. When asked about the status of the #9 Ford, a spokesperson for Budweiser said, “Our policy is to not comment on contractual agreements.” However, rumors of their early departure has been floating around for a week – ever since Kasey Kahne extricated himself from the car after Charlotte. RPM had planned to run two cars next season with AJ Allmendinger and Marcos Ambrose. However, until money can be secured to settle the current debts at RPM, it’s uncertain what the lineup will look like. Multiple sources insist that Richard Petty will divest himself from majority owner George Gillett as early as next week. However, Loomis said he is in constant contact with the Gilletts and they will remain the owners of the company. This weekend on the competition side, Loomis and Sammy Johns, director of operations, are calling the shots.(Fox Sports)
AND: Another source close to RPM said lenders had taken back the team from majority owner George Gillett and had approved a plan for Richard Petty to manage the team’s day-to-day operations, but official team sources would neither confirm nor deny that, nor say who was currently running the team or if Gillett was gone.(SPEED)(10-30-2010)
