16th December 2008

Labonte looking for work after Petty split (AP)

posted in Nascar News |

This April 4, 2008 file photo shows Bobby Labonte during qualifying for the NASCAR Samsung 500 auto race in Fort Worth, Texas. Labonte has been released from his contract with Petty Enterprises. Petty Enterprises has been unable to find sponsorship for the former NASCAR champion and is in danger of closing its storied organization if it can't work out a merger with Gillett-Evernham Motorsports.

Former NASCAR champion Bobby Labonte said Tuesday he’s disappointed equity firm Boston Ventures couldn’t do more for Petty Enterprises.

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