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RPM taking over Yates Racing

Updated: September 11, 2009, 7:47 PM ET
By David Newton | ESPN.com

RICHMOND, Va. -- The deal that brought together Richard Petty Motorsports and Yates Racing for next season is more of a buyout than a merger, minority owner Richard Petty said on Friday.

"We're basically taking over their deal," the seven-time Sprint Cup champion said before qualifying at Richmond International Raceway. "As far as I know all of that whole operation will be Richard Petty Motorsports."

Petty said George Gillett Jr., who declined to comment earlier Friday, would ...

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