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Petty, Gillett Evernham merge

Updated: January 9, 2009, 2:19 PM ET
By David Newton | ESPN.com

CHARLOTTE, N.C. -- It's official. Petty Enterprises as it has been known no longer exists.

NASCAR's most storied franchise on Thursday announced it has agreed in principle to merge with Gillett Evernham Motorsports, ending the 60-year existence of the organization that won 10 Sprint Cup titles between Richard Petty (7) and his father, Lee (3).

The new organization, sources said, could be named Richard Petty Motorsports. It will run out of GEM's Statesville, N.C., shop ...

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