R.Gordon to buy RYR? Denied by RYR

openwheelracer · Admin/Mod/Eyewitness

R.Gordon to buy RYR? Denied by RYR

openwheelracer · Admin/Mod/Eyewitness

From Jayski.com:

UPDATE 2: A report that Robby Gordon Motorsports [RGM] has purchased Robert Yates Racing's Cup and Busch Series teams was denied by officials with RGM Tuesday. But, John Story, CEO of Robby Gordon Motorsports, said the two teams have spoken about a possible merger of some sort. "As Robby stated several months ago, we have talked to a number of people both in and out of NASCAR about expanding, with the ultimate goal of fielding a championship-caliber team," Story said. "To be competitive in NASCAR's Cup series today, you've got to have multiple teams. So, yes, we've spoken [to RYR officials], but we've spoken with other people also. "That any sort of deal has been completed between the two teams is completely erroneous." According to the Internet story posted by the LTN Radio Network, the purchase of RYR by Robby Gordon Motorsports would be "effective this week." Story said the need to expand to multiple teams has led to discussions with a number of organizations currently competing in the series, including Hall of Fame Racing and PPI Motorsports among others. "Not surprisingly, a number of teams have contacted us as well," Story said. "But you can't just take two single-car teams and put them together and say you are now a multicar team. It's just not that easy. There are a number of issues that come into play." Those issues, he said, include concerns such as shop space, manufacturer representation, sponsorships and driver selection. "If you make a move like that," he said, "you have to make sure you're in lock step with one another. If anything changes, you have to agree on what the new path will look like."(SceneDaily.com)(8-15-2006)

openwheelracer · Admin/Mod/Eyewitness

From Jayski.com:

More on the rumored RYR/RGM buyout/merger: [see the original rumor, source & denials on my #7 Team News and Links page] While Doug Yates spent the week denying a report that his Robert Yates Racing organization had been sold, he's not ruling out allowing someone to merge with his company to help it expand. Robby Gordon Motorsports officials have not denied that their company is speaking with RYR, among others, about forming some sort of partnership for the future. As a single-car operation, Gordon's team is at a disadvantage in the Nextel Cup garage. RYR team co-owner Doug Yates said that no deal had been made or would be made to sell his team, he paused noticeably when asked to clarify as to whether there was the possibility that a portion of his organizaion could merge with another. Asked to specify whether he could rule out selling part of his program, Yates defined how difficult the situation is for a two-car team trying to compete with larger programs. If, and Yates heavily emphasized the if, he did alter the structure of his team, the plan would be to expand immediately.(in part from SceneDaily.com)
AND more from Ford Racing PR at the Yates/Gilliland quotes: DOUG YATES, continued - IS YOUR TEAM CONSIDERING ALIGNING WITH SOMEONE? IS THAT WHAT IT'S GOING TO TAKE TO COMPETE? "There's no doubt that you have to grow to be to that level. NASCAR set the limit at four times, that's what was out there and if you're going to compete, you've need the resources of four teams. I think we all agree on that. How you get there is things we've been kicking around. It's tough to grow, it's tough to find great sponsors like M&M's. They're just not around every corner, so how do you do that? We've been exploring opportunities and that's some of the things that are swirling. Robby's [Gordon] not buying our whole place [never reported that here], I want to put that to rest. Man, you guys caused us a lot of pain, I'll tell you that. That Jayski guy is killing me. I want to tell you something: If you guys weren't talking about us, I'd really be worried. Because the reason you guys are talking about us is because you expect more of us, and I appreciate that. And we are determined to get back to where you can say some good things about us when we get there."
YOU MENTIONED ROBBY'S NOT BUYING "THE WHOLE THING." IS THERE A SENSE THAT THERE MIGHT BE A PART OF IT THERE? "We're looking for opportunities to grow our business. We have to make smart decisions for the future. My dad is at the point in his career where if he's making every decision of every day he wants to pass the torch off. And I've got a lot of responsibilities on my shoulders. Sometimes you need some energy to help you get there. So, we're going to see how things shape up and make the best decision for our organization, our people, to get a chance to get our cars in victory lane. That is the goal. How you get there, those are tough decisions. But the goal is to get our organization back where we can win the Brickyard, we can win the Daytona 500, we can have four teams that are competing at a very high level every week. That's a tough 'how to we get there?' And that's what we're looking for."(Ford Racing PR)(8-19-2006)