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UPDATE 2: Sadler signed a two-year contract extension with GEM in May, and sources say team owner George Gillett will now be forced to buy out those additional two years. Sadler has already begun making calls to try and find a ride for next season. Sources tell Sirius Speedway that Gillett is heavily leveraged from the original Evernham buyout, as well as from a number of automobile dealerships he purchased earlier this year. He reportedly faces a major payment on his Liverpool Football Club, which plays in the English Premier League, as well. A deal that would have merged GEM with Bill Davis Racing fell by the wayside a few weeks ago, reportedly after Gillett was unable to obtain financing to complete the transaction. Gillett has recently been involved in negotiations to merge GEM with Petty Enterprises. Sirius Speedway reported two weeks ago that the merger had stalled, and while that report was immediately denied by a GEM spokesman, Sadler’s release appears to indicate that the deal is indeed in jeopardy. A combined GEM/Petty operation was expected to field four cars in 2009; enough to retain Kasey Kahne, Reed Sorenson, Sadler and Allmendinger. (Sirius Speedway)(12-29-2008)


443 posted on 12/29/2008 12:15:58 PM PST by WestCoastGal (If we will hold the course, God in Heaven will raise up friends to help fight these battles.P Henry)
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To: WestCoastGal; SouthTexas; NYTexan; glock rocks; tubebender; NormsRevenge

I’m late but MERRY CHRISTMAS everyone!!!

Okay, now, I’ll start with HAPPY NEW YEAR!!!

Just returned back home from celebrating the holiday with BOTH my daughters and family. Last time both daughters and I were all together on Christmas was in ‘92 so this was a real blessing. Hope all of you had wonderful days as well.

WCG, have enjoyed getting caught up on all the news as I read through here this afternoon. Thanks a bunch for all these updates.

Was 23 here when I got up at 5 this morning.... by noon it was 72. I love Texas. Don’t need no more of this sub freezing weather though.


444 posted on 12/29/2008 2:51:44 PM PST by Wneighbor
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