DEI, Ginn Merger to Be Announced Wednesday




 
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DEI, Ginn Merger to Be Announced Wednesday
 
July 25th, 2007  
Team Infidel
 
 

Topic: DEI, Ginn Merger to Be Announced Wednesday


DEI, Ginn Merger to Be Announced Wednesday
DEI, Ginn Merger to Be Announced Wednesday: Dale Earnhardt Inc. will announce on Wednesday that it is merging with Ginn Racing, effective immediately, and will acquire all Ginn assets, including its massive headquarters. Sources said the company will be known as Dale Earnhardt Inc., but that Ginn owner Bobby Ginn will remain a partner in the business. DEI president Max Siegel will oversee the operation, and Ginn CEO Jay Frye will assist DEI executives John Story, Steve Hmiel and Richie Gilmore in sorting out personnel details, sources said. DEI will field four fully-funded racecars in the Allstate 400 this weekend at Indianapolis Motor Speedway -- the #1 Chevy driven by Martin Truex Jr., the #8 driven by Dale Earnhardt Jr., the #15 driven by Paul Menard and the #01 driven by Mark Martin. One of Ginn's other two former cars, the #13 or 14, essentially becomes Menard's #15 team, and the other team will simply discontinue operation [rumors still say that the #78 team will get the owner points from the other team]. Menard will pick up the owner's points held by Ginn's # 13 car that was 34th. DEI plans to move its entire operation to Ginn's Mooresville, N.C., facility. The organization begun by the late Dale Earnhardt has been looking for land for almost a year because there is no room to expand at the current facility. #13-Joe Nemechek and #14-Sterling Marlin were given their release last week, with rookie Regan Smith moving into Marlin's car for the remainder of the year before the merger. Smith likely will finish the season splitting the #01 with Martin. Sources said Martin is committed to running at least 22 races for DEI next season and working long-term with the developmental driver program as he was at Ginn.(ESPN.com),
 


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