Wednesday, July 25, 2007

BREAKING NEWS: Newman-Haas To Purchase Robert Yates Racing

Newman-Haas Racing co-owners Paul Newman and Carl Haas will add to their seven Champ Car World Series titles by branching out into NASCAR.

Newman-Haas has made an offer to purchase Robert Yates Racing, with an announcement possible as early as Friday at Indianapolis Motor Speedway. Newman-Haas currently leads the standings in search of their fourth consecutive Champ Car World Series crown, with driver Sebastien Bourdais.

Co–owner Carl Haas already has a NASCAR connection, owning (along with partner Michael Lanigan) the No. 14 Busch Series Ford driven by Kyle Krisiloff. Haas and also served as a partner in Carter-Haas Racing in 2002, fielding Nextel Cup Fords for Jimmy Spencer and Darrell Waltrip.

Robert Yates Racing currently fields a pair of Nextel Cup Fords for drivers David Gilliland and Ricky Rudd, as well as Stephen Leicht’s Busch Series entry. Gilliland is 27th in points, with Rudd 30th and Leicht eighth. Yates has spoken openly about the possibility of a sale for more than a year, after being unable to attract a suitable financial partner for the team. RYR has scheduled a press conference to discuss the future of the team for Friday at 2:40 pm ET at Indianpolis Motor Speedway.

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