Valvoline and Evernham sponsorship announcement today

UPDATE This rumor is upgraded to 'fact.' See story on Hot News page. 07/01/05 Valvoline, which announced Wednesday it would end its partnership with MB2 Motorsports, is expected to move to Evernham Motorsports to sponsor a new Nextel Cup team in 2006, sources confirmed. Thatsracin.com and The Charlotte Observer first reported MB2 and Valvoline's decision to end their partnership earlier this month. That deal ends after this season. Valvoline will sell its 50 percent share in the team to MB2 principals Nelson Bowers and Jay Frye, and will no longer be primary sponsor of the team's No. 10 Chevrolets. Of Valvoline's NASCAR plans beyond 2005, senior vice president Jim Rocco said, "We will have something to announce soon." Charlotte Observer