HomeNASCAR
NASCAR

Bubba Wallace Might Partner Denny Hamlin to Buy Richard Petty Motorsports Stake: Reports

Published 08/27/2020, 11:09 AM EDT


Recently, the Richard Petty Motorsports team revealed that Bubba Wallace could become a part-owner of the team. However, there were some rumors that Denny Hamlin is also an interested party. According to UNB! Sports, the team is also set to switch to Toyota as a manufacturer.

ADVERTISEMENT

Article continues below this ad

Initially, some suggested that NBA legend Michael Jordan could be involved as well. This is largely rooted in his friendship with Denny Hamlin, though it is mostly speculation and nothing concrete has surfaced as yet.

It is also worth noting that RPM will be associated with Joe Gibbs Racing. In the wake of this, they will field two cars, for 2021 and beyond.

ADVERTISEMENT

Article continues below this ad

Unfortunately, NASCAR has forbidden drivers from racing for another team and simultaneously owning a stake in another. However, this only applies if the total number of cars in both teams exceeds four.

DIVE DEEPER

Could Bubba Wallace Become Part Owner of Richard Petty Motorsports?

over 1 year ago

What lies in store for Bubba Wallace?

Ever since he announced his departure from the Richard Petty team, Bubba Wallace has been weighing his options. One option on the cards is the Chip Ganassi Racing team.

However, there are suggestions that Wallace may not take the bait and wait a little while longer.

ADVERTISEMENT

Article continues below this ad

If he does re-sign with RPM, one can expect a three-year contract as a driver-team owner. However, there is a cloud of doubt surrounding Denny Hamlin’s role.

Owing to the rules, Hamlin will find it difficult to own stake in RPM, while he races for another team. Interestingly, when Dale Earnhardt raced, he drove for Richard Childress Racing, despite a major ownership role in Dale Earnhardt Incorporated.

ADVERTISEMENT

Article continues below this ad

However, it was worth noting that the ownership rule was not in place at the time. According to UNB! Sports, the terms of Hamlin buying into the stake are close to fruition.

As it turns out, all the involved parties are ironing out the final details of the deal, and an announcement is expected soon.

Enjoyed reading this article? Download our exclusive app to get 24x7 coverage, latest memes and social media banter. Click here to download.

SHARE THIS ARTICLE :

ADVERTISEMENT

Dhruv George

12300 articles

Dhruv George is a senior Formula One and NASCAR analyst for EssentiallySports, having authored nearly 12000 articles spanning different sports like F1, NASCAR, Tennis, NFL, and eSports. He graduated with a PG Diploma in Journalism from the Xavier Institute of Communications. Dhruv has also conducted interviews with F1 driver Pierre Gasly and Moto2 rider Tony Arbolino.

ADVERTISEMENT

ADVERTISEMENT