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RYR to team with DEI? Update: DEI to buy RYR?
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From Jayski.com:


Yates decsion by Homestead; team with DEI? Robert Yates said Saturday that the fate of his #88 team will be known prior to heading to Homestead, Fla., next week for the Nextel Cup season finale. While Yates would provide no specifics, Dale Earnhardt Inc.'s Steve Hmiel said there have been negotiations between the two entities. The negotiations have centered on DEI's purchasing the team's shop and equipment, as DEI has long been looking for a way to expand its capacity. The team will begin fielding a third full-time Nextel Cup Series team when Paul Menard moves to Cup next season. Hmiel said the negotiations have not involved simply buying the rights to the #88, which would bring with it the owner points earned by Dale Jarrett this season. If, however, DEI bought the shop and equipment, with Yates fielding only the #38 on his own, DEI could acquire the #88's owner points as part of a larger purchase. "If we can have more capacity, the number would be a bonus," Hmiel said at Phoenix International Raceway. "We've heard Team Red Bull has made an offer to buy the number, but we're not looking to buy just the number." A number of obstacles remain, as RYR fields Fords and DEI runs Chevrolets, so it would have to be determined whether the shop was split into two separate entities; or whether RYR ran on its own or struck a deal with another Ford operation, perhaps Wood Brothers Racing. That would leave Robert Yates Racing with just the #38 team next season. RYR has fielded two teams on a full-time basis since 1996, but is losing both driver Dale Jarrett and sponsor UPS from its #88 after the season. Yates systematically danced around the issue on Saturday, saying only that he had four options to consider. Talk in the garage is that a decision by Yates must come by Tuesday. Yates said fielding just one car is an option, especially after crew chief Todd Parrott reminded Yates that he once fielded his two cars out of separate shops. And whether or not a deal is struck with DEI, Yates said he'll still be in the sport next year with the #38 team and driver David Gilliland.(SceneDaily.com)(11-12-2006



-- Edited by openwheelracer at 20:29, 2007-04-29

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From Nascar.com:


http://aolsvc.sports.aol.nascar.com/2006/news/headlines/cup/11/12/dei.88.yates/index.html



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From Jayski.com:


  • Villeneuve interested in #88 ride: Sources tell [MRN] Sirius Speedway that Villeneuve’s representatives have also been burning up the telephone lines to Robert Yates Racing, which has yet to name a driver for its #88 Ford next season. However, speculation in the Nextel Cup garage says Yates may actually be negotiating to sell the #88 half of his operation to Dale Earnhardt, Inc.(Motorsports Soapbox)(11-14-2006)



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    From Jayski.com:


  • DEI not purchasing RYR: Dale Earnhardt Inc. Vice President Richie Gilmore disputed reports that his company could be buying all or part of Robert Yates Racing. During the race weekend at Phoenix International Raceway, DEI Technical Director Steve Hmiel confirmed that the company was in discussions concerning a purchase of at least part of RYR. He said the company could purchase RYR's shop and equipment, but that it could also acquire the #88 team and its owner points. The owner points could be transferred to the third DEI team of Paul Menard. On Tuesday, though, Gilmore said that the story had grown out of proportion. "Stories definitely grow in the sport and maybe it's a slow time of the year with the Chase not being quite as tight as it should be," Gilmore said. "It's one of them stories that grew. I told [DEI team owner] Teresa [Earnhardt], maybe if Teresa was going to go get a cup of coffee at 8 o'clock in the morning, by noontime around here she's going to buy a Starbucks. So I think the story kind of grew that way. It grew legs for sure. When asked if there was anything to the reports that DEI could be considering purchasing all or part of the team, Gilmore's answer was succinct. "No," he said. At Phoenix, when asked about the situation, team owner Robert Yates didn't deny he was in talks with DEI and said he planned to tell the #88 team its fate before this weekend's race at Homestead. The #88 has no driver and no sponsor for 2007 since Dale Jarrett and UPS are moving over to the Michael Waltrip Racing Toyota team.(SceneDaily.com)(11-15-2006)



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    From Jayski.com:


    DEI to buy RYR? It was reported on SPEED's NASCAR Raceday that Dale Earnhardt Inc (DEI) is interested in buying Robert Yates Racing (RYR) and RYR is interested in joining forces with DEI. It was also reported that the teams would end up being in the Chevy camp.(4-29-2007)UPDATE: In attempts to strengthen its teams and expand to four cars, Dale Earnhardt Inc. [#'s 1,8,15] has had preliminary discussions with Robert Yates Racing [#38, #88] about a partnership, as well as Ford Motor Company and another manufacturer, DEI executive team member John Story confirmed Sunday morning. While the company also is in the midst of contract negotiations with NASCAR's most popular driver, Dale Earnhardt Jr., DEI is working toward trying to solidify its future. That means getting the finances and the technological support it needs from a manufacturer and working toward fielding a fourth team by 2008 or 2009, said Story, who oversees sales, marketing and communications activities at DEI. What would be more startling would be the potential move to Ford or another manufacturer considering Chevrolet's long relationship with team founder Dale Earnhardt. The Chevrolet deal is not contingent on Earnhardt Jr. remaining at DEI, Story said. Yates said his team would remain Ford. Story said that talks with Yates could continue even if DEI remains with Chevrolet.(in part from SceneDaily.com)(4-29-2007)

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    RE: RYR to team with DEI? Update: DEI to buy RYR?
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    More from Jayski.com:

    UPDATE 2: With Robert Yates Racing and Dale Earnhardt, Inc. discussing a potential merger, how would that affect Yates-Roush Engines, which makes the motors that power all of the Ford NASCAR Nextel Cup teams? RYR co-owner Doug Yates was adamant that his team will not switch to Chevrolet power no matter what, and Roush Fenway Racing President Geoff Smith said he hopes any deal will build up the Ford NASCAR Nextel Cup effort. Were aware that hes marketing his teams, Smith said of Robert Yates prior to Sundays Talladega race. We have a joint engine business thats affected by the number of customers that we have. We want to see the Ford number of teams remain at least at its current level for the benefit of the engine business and for the competitive benefit for Ford Motor Co.(SPEEDtv.com)(4-30-2007)
    UPDATE 3: Dale Earnhardt, Inc., [DEI] will move to four Nextel Cup Series teams by 2009, be it through the acquisition of another team or the addition of a fourth team in-house, team executive John Story said Sunday at Talladega Superspeedway. Story said DEI has been in discussions with Robert Yates Racing for four-to-six weeks about a partnership, but cautioned that those talks are preliminary and that no documentation has been exchanged between the teams. If DEI were to acquire Yates, one of the two teams would have to forsake its manufacturer. Yates, a Ford flagship team for nearly two decades, would move to Chevrolet; or DEI, whose founder, Dale Earnhardt, won seven championships in Chevrolets, would move to Ford. "The only proposal we have right now for a manufacturer next year is from Chevrolet," Story said. "Teresa [Earnhardt] has been tremendously loyal to Chevrolet for a lot of years. We've had some conversation with a couple other manufacturers. They've called to inquire what our contract situation was. We told them, in fairness, we are going to sit down and exhaust our options with Chevrolet first, and if the opportunity came up we'd talk to somebody else. We haven't seen anything in writing from anybody else." RYR president Doug Yates said they'd rather stay in Fords, and that Ford Racing officials see a DEI merger as a way to get Ford back to prominence in Nextel Cup. But he didn't rule out a manufacturer switch. How this impacts Dale Earnhardt Jr.'s contract negotiations isn't known, but Story said a deal with Ford and RYR isn't contingent on Earnhardt Jr. staying at DEI. Earnhardt Jr. wants controlling interest in DEI, but Chevrolet officials want to keep him.(ESPN.com)(4-30-2007)
    UPDATE 4 Toyota denies talks: Toyotas Lee White says his company was not involved in any talks with DEI: We have not had any conversations with Dale Earnhardt Jr. There is a tremendous amount of both equity and liability involved with Dale Earnhardt Incorporated and Dale Earnhardt Jr. Chevrolet has such equity built into Dale Earnhardt Jr. and that particular race team - that equity is great for the bigger picture and the health of our sport. Right now Toyota is not ready to take on the liability that would come with that scenario.(Winston Salem Journal)(4-30-2007)

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    More from Jayski.com:

    Ford Racing Aware of DEI-RYR Merger Talk: In response to media reports from this past weekend, Ford Racing confirmed it is fully aware of merger talks that have taken place between Dale Earnhardt Inc. (DEI) and Robert Yates Racing (RYR) officials. Ford is fully committed to Robert Yates Racing for the long-term, and they have assured us that are similarly committed to Ford, said Kevin Kennedy, Ford Racing Technology Communications Manager. Robert and Doug have been in contact with Ford about the nature of the discussions. We have a valued partnership with them, and they are keeping us informed of those discussions like a true partner would. We fully expect they will remain with Ford for many, many years. Robert Yates Racing and Ford have a relationship that goes back to the formation of the race team in the late 1980s, and Dan Davis, director of Ford Racing Technology, has repeatedly stated that the manufacturer is fully committed to bringing RYR back to the top of the field. Media reports this past weekend also stated that Ford had been in discussions with DEI about a switch from Chevrolet to Ford for the 2008 season. Davis has repeatedly said that Ford is interested in adding championship-level teams to its Cup roster. We definitely have been talking with DEI. Truthfully, weve been having informal talks with them for several years, said Kennedy. We have not yet made a formal offer to them, but we know that their GM contract is up at the end of the year. We had some discussions with them, and weve made it clear that wed love to have them in our program.(Ford Racing)(5-1-2007)

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