RPM ‘in limbo’ in quest for backing beyond 2010

UPDATE A reader writes, Dear AR1.com, If this sport was run like real business this backmarker team would be allowed to go out of business. They have no hope of winning a race and are only artificially kept alive to preserve the Petty name in NASCAR. And don't think for one minute that their pole position was real in Texas – like every other pole in NASCAR it was computer generated by NASCAR's Timing & Scoring computers because the team needs help. After starting 1st Sadler faded to a 23rd place finish. Every week you can sit back and ask yourself why is so-and-so on the pole, and if you follow NASCAR you'll figure out why. It's so transparent it's an insult to every race fan who has half a brain. Ebenezer Greenberg

11/08/10 Richard Petty says he is closer than he was two weeks ago to finding a solution that will keep Richard Petty Motorsports alive. "What that something is I don't know yet," Petty said before Sunday's Sprint Cup race at Texas Motor Speedway. "We thought it was [done] last week. Last week we thought it was the week before. Still in limbo."

The situation was so dire that there were concerns whether RPM would keep its doors open for the remainder of the Sprint Cup season. Robbie Loomis, vice president for competition, said Saturday that the organization had enough backing to finish the final three races — at Texas, Phoenix and Homestead-Miami Speedway.

"As far as I know," Petty said. "The cars are here [and] ready to go to Phoenix." Petty said the outpouring of support to keep RPM on the track has been overwhelming. "There's been a lot of support to keep us running from all facets, from manufacturers and fans and NASCAR, even the competitors," Petty said. Among those who have offered help is former team owner Ray Evernham, who still has a minority interest in RPM after selling majority interest of what was then Evernham Motorsports to Gillett in 2007. "He called and said, 'What can I do?' " Petty said. "Right now, we don't know." Petty declined to comment on whether he would have majority control ultimately. "I don't know what we've got to do to make it work," he said. "Until we figure it out, can't do nothing." ESPN