NASCAR drivers Bubba Wallace and Denny Hamlin, alongside Naismith Basketball Hall-of-Famer Michael Jordan will all buy out the stake of Richard Petty Motorsports (RPM) as the team will switch to Toyota as a manufacturer, According to UBN.
With the new-look RPM, the team will be racing under affiliation with Joe Gibbs Racing, sources said. The RPM team will also expand to two cars, and Richard Childress Racing’s Daniel Hemric is currently the leading candidate for that second ride.
Bubba has been considering his options for the 2021 campaign, Chip Ganassi Racing (CGR) and their No. 42 Chevrolet ride has been one of those choices for Wallace. According to reports, CGR will be offering Bubba Wallace a final deal next Monday, but Wallace is not expecting it to be what he is quite looking for.
Wallace’s new deal with Richard Petty Motorsports, when signed, is expected to be three years at least and will have him under the role as a driver & team owner with RPM, according to reports.
The terms of Jordan and Hamlin purchasing the stake is reportedly nearing to completion, however there are some final details being worked out. An official announcement on the purchase of stake is expected in the next two-to-three weeks.