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.
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.
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.
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.
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.
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.