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Evernham finalizes deal to purchase East Lincoln Speedway

Updated: December 2, 2008, 2:21 PM ET
By David Newton | ESPN.com

NEW YORK -- Ray Evernham, who is in the process of selling his remaining stock in Gillett Evernham Motorsports, on Tuesday finalized a deal to purchase East Lincoln Speedway.

The deal clears the way for Evernham to purchase the 3/8ths-mile dirt track in Stanley, N.C., from founders Ralph and Joanne Nantz.

"When I sold the majority interest in Evernham Motorsports to George Gillett in 2007, one of my goals was to find ways to give back to the sport and help up-and-coming ...

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