2008-12-11 - Petty releases Labonte, now in talks with GEM
Six months ago, the future could not have been more promising for Petty Enterprises and Bobby Labonte. The historic race team had just agreed to a partnership with Boston Ventures, an investment firm that would provide needed capital to an organization with 268 race wins, but none since 1999. The driver had just agreed to a four-year extension, with the promise that there would be a place for him within the franchise once his days behind the wheel were done.
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