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DATE News (chronologically)
09/12/17
nasmon
UPDATE Statement by Richard Petty Regarding Loss of Sponsor
UPDATE 

"Fueled By Bacon" is quickly becoming "Fueled By Hate"
Smithfield Foods President and CEO Kenneth M. Sullivan released a statement responding to Richard Petty's statement earlier today:

"We are extremely disappointed that Richard Petty Motorsports (RPM) has chosen to disparage Smithfield – its lead sponsor – after five years and tens of millions of dollars of unwavering financial support, despite years of subpar performance on the track. RPM’s claims of a “handshake deal” to extend our sponsorship are unequivocally and patently false. Smithfield’s numerous discussions with RPM over the past several months focused exclusively around one issue: RPM’s inability to deliver on the track and the organization’s repeated failure to present a plan to address its lack of competitiveness. Smithfield is a performance driven company and we demand performance from the people we do business with. For that reason – and that reason alone – Smithfield decided not to renew its contract with RPM when it expires at the end of this year. It is very unfortunate and disheartening that RPM has chosen to disseminate false statements regarding our communications to NASCAR fans who we have supported wholeheartedly with more than a $100 million investment in the sport over the last several years."

A statement from Richard Petty:

"We have had numerous discussions with Smithfield Foods regarding the extension of our relationship dating as far back as February. Over the past few months, Smithfield had continually told me they wanted to be with us, and I recently shook hands on a deal to extend our relationship. I come from a time when we did major deals with sponsors like STP on a handshake. I'm sad to see this is where we are now. This decision is very unexpected, and we are extremely disappointed in this late and abrupt change of direction.

"Losing a sponsor of this magnitude in September is a significant set-back to Richard Petty Motorsports, but Andy (Murstein) and I are committed to moving forward with the No. 43 team. We have a lot of great partners who have expressed their continued support, and our fans will rally around the No. 43. We've been around since 1949, and we'll be around a lot longer."

 

 



09/12/17

Given how bad his team runs, Petty should consider deep-sixing it and take a job with NASCAR
Given how bad his team runs, Petty should consider deep-sixing it and take a job with NASCAR

A statement from Richard Petty:

"We have had numerous discussions with Smithfield Foods regarding the extension of our relationship dating as far back as February. Over the past few months, Smithfield had continually told me they wanted to be with us, and I recently shook hands on a deal to extend our relationship. I come from a time when we did major deals with sponsors like STP on a handshake. I'm sad to see this is where we are now. This decision is very unexpected, and we are extremely disappointed in this late and abrupt change of direction.

"Losing a sponsor of this magnitude in September is a significant set-back to Richard Petty Motorsports, but Andy (Murstein) and I are committed to moving forward with the No. 43 team. We have a lot of great partners who have expressed their continued support, and our fans will rally around the No. 43. We've been around since 1949, and we'll be around a lot longer."

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