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Post Info TOPIC: Evernham to sell off remaining ownership in GEM?


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Evernham to sell off remaining ownership in GEM?


From Jayski.com:

Evernham selling interest in GEM: A fan approached Ray Evernham at the SEMA Show on Wednesday and asked what driver Reed Sorenson will bring to Gillett Evernham Motorsports next season. "I'm not getting a new driver," Evernham said. "Gillett Evernham is getting a new driver. I'm not really involved there." Evernham's role as the minority owner at GEM has been reduced to almost nothing since June. Soon his minority ownership will be reduced to almost nothing as plans are in the works to buy out most of his remaining 20% interest in the organization he formed in 2001. "We're working on that and hope to make some announcement shortly about where I'm going to be doing for the rest of my racing career," Evernham said. Evernham hesitates to use the word retirement. He still plans to be actively involved in racing, whether it's through his broadcast career with ESPN or other ventures he working on. He's opening a new shop in the Lake Norman area Charlotte, N.C., that will serve as his headquarters. Does his future include owning another race team? "Let me think about that ... uh, no," he said with a laugh. Does it include a management role, such as the one he was offered with Stewart-Haas Racing? "Let me think about that too . . . uh, no," Evernham said. Evernham doesn't want a role that consumes his life as being an owner and crew chief did. He's enjoying getting back to grassroots racing with the new fuel-injected cars he's building and spending more time with his 16-year-old son.(ESPN.com)(11-7-2008)



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