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Claire B Blog- Martinsville Speedway October 19, 2008

Posted by claireblang in 2008 Season, In The Garage, NASCAR, Trackside.
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An older Wells Fargo branch, located in Berkel...Image via WikipediaBLOG – MartinsvIlle Speedway
Claire B. Lang – Sunday October 19th, 2008

Good Morning and welcome to Martinsville Speedway!

I asked Richard Petty today about the rumored merger talks between Petty Enterprises (Boston Ventures) and Dale Earnhardt Inc. While talks have been going on – it’s just conversation between many teams as they posture their companies and adjust their business plans to include looking at satellite teams or mergers. Here’s Richard’s answer about the possibility of a merger – I’m sure parts of it will be used by others who were taping – but I wanted to give you the full answer to my question to Richard about the possibility of a DEI Petty Enterprises merger:.

CBL: What about the reports of a merger between Petty Enterprises and DEI:

Petty: “You read in the paper that Wachovia and Wells Fargo was trying to get together and everybody else is trying to get together. The Japanese sent a bunch of money to buy a bank in New York. Everybody in the world is talking about this crap. OK and that’s just the trend of the time right now. Yea, we’ll talk to anybody. I’d like to talk to Wells Fargo somebody that’s got a lot of money. I don’t, some of these teams that’s trying to join up they ain’t no better off than we are so we need to get some better help than that.

CBL: That would be wild if two rivals (Earnhardt /Petty) Merged:

Petty “What happens is the way the system is now as far as the economy and also the way the system is with some of the other race teams that’s got satellite teams – here we’re sitting with two teams and some of these guys from the major satellite part is sitting there with eight teams. (It’s) kind of hard to compete with so I think that everybody’s looking at different angels of you know how do you compete with what’s out there right now.”

Petty also said that he would not comment when asked a follow-up by a reporter who asked if DEI needed Petty more than Petty needed DEI.

“Can’t never tell man – liable to be three or four names in there,” Petty added when a reporter followed up by asking if it would be Earnhardt Petty or Petty Earnardt if the merger ever did happen.

The word is that while everyone’s talking to everyone the meetings are more like fact-finding meetings and with a number of players in the garage – not just the two meeting to hammer out a deal.

Drivers Meeting:

Couple of quick notes – the main warning at the driver’s meeting from race director David Hoots was about Martinsville’s pit road: “LET’S LEAVE THE RACING ON THE RACE TRACK AND NOT ON THE PIT ROAD,’ Hoots emphasized. “We all know how small it is,” he added, “It’s been redone it’s nice and smooth – Let’s leave the racing out on the race track.”

There was one question in the driver’s meeting. It was from #48 Crew Chief Chad Knaus:
“Last race here it seemed that you guys opened up the pits kind of late. We were almost all the way through one and two – can you guys push that back?”

David Hoots answered: “Chad’s question is the last race we opened the pit road a little bit late and around one and two – we’ll try to advance it as much as we can but we also look at how the field is spread out and see if it makes sense but we’ll try to take care of that for you.

Pit Road Speed: 30 mph
Caution Car Speed: 35 mph
Pit Road Speed Begins: 110 feet before the first pit box
Pit Road Speed Ends: 75 feet past the last pit box
Minimum Speed: 23.00 seconds

No more questions and we prayed.

I’ll have more coming up – headed into the garage for a few more. I just wanted to get this posted.

Claire B

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