devilmaster
05-17-05, 11:30 AM
http://sports.yahoo.com/nascar/news?slug=ap-nascar-penske&prov=ap&type=lgns
Penske Performance Inc., majority shareholder of Penske Racing South, said Monday it has bought out Rusty Wallace, Don Miller and John Erickson.
``The transaction represents an opportunity to reward Rusty, Don and John for their many contributions to the growth and success of the company,'' said Roger Penske, chairman of Penske Performance.
The team fields cars for Wallace, in his final season in NASCAR's top series, Ryan Newman and rookie Travis Kvapil.
``We enjoy the support of a dedicated and loyal group of sponsors who will be with us well into the future,'' Penske said. ``Our focus is to maximize all three cars' performance every week with winning the Nextel Cup championship as our goal.''
Miller recently denied he and Wallace would leave Penske along with Newman and crew chief Matt Borland to form a new operation at the end of this year.
Penske Performance Inc., majority shareholder of Penske Racing South, said Monday it has bought out Rusty Wallace, Don Miller and John Erickson.
``The transaction represents an opportunity to reward Rusty, Don and John for their many contributions to the growth and success of the company,'' said Roger Penske, chairman of Penske Performance.
The team fields cars for Wallace, in his final season in NASCAR's top series, Ryan Newman and rookie Travis Kvapil.
``We enjoy the support of a dedicated and loyal group of sponsors who will be with us well into the future,'' Penske said. ``Our focus is to maximize all three cars' performance every week with winning the Nextel Cup championship as our goal.''
Miller recently denied he and Wallace would leave Penske along with Newman and crew chief Matt Borland to form a new operation at the end of this year.