Evernham Sues Gillett For $19.2M

And just when you thought all of this George Gillett-foray into NASCAR-stuff would roll up into a pile and float across Turn 3 or something...

Nah...

Ray Evernham is suing two Gillett companies saying he's owed the money. Evernham claims he was promised a repayment of his investment plus a 5-percent annual return after GEM ((Gillett Evernham Motorsports)) was sold and, eventually, morphed into Richard Petty Motorsports- which barely made it through the 2010 NASCAR season. Petty then bought out Gillett.

Got all that...???

And it's the Petty buyout of Gillett that Evernham is pointing at for the return of his investment...

"We have diligently worked to resolve this matter in good faith without resorting to legal action," Evernham said in a statement. "This matter has been pending for a period of time and we did not want to disrupt any excitement of the beginning of the race season with this unfortunate situation. We were unable to come to a fair resolution for the amounts due to me related to my sale of the previous RPM race team. Like many other vendors and creditors, my claims have been left unpaid. I am optimistic that the judicial system will deliver a fair resolution for my outstanding claims, and hope that the other people and companies who are owed money by them are fully compensated and made whole."

Here's the high point of Petty Motorsports, the Kasey Kahne win at Sonoma in 2009
((HT: NASCAR/TNT/BumpsNotes))


And a low point, Kahne's wreck at Pocono last year...
((HT: NASCAR/TNT/youtube))