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Evernham sells majority share of team to Gillett

Updated: August 6, 2007, 11:33 AM ET
By Terry Blount | ESPN.com

Ray Evernham has sold majority ownership of his NASCAR team to Montreal Canadiens owner George Gillett in a merger that has creates the new Gillett Evernham Motorsports, team officials announced Monday.

"It's very exciting for me to deliver to sponsors and fans the opportunity to align with a worldwide sports leader," Evernham said. "With the business acumen of the Gillett family and its sports brands, we've greatly expanded our reach."

Officials did not announce the percentage ...

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