STATESVILLE, N.C. — Team owner Ray Evernham and George N. Gillett, Jr. announced Monday the creation of Gillett Evernham Motorsports — a partnership combining Evernham Motorsports and the Gillett family where Evernham will remain a substantial owner and retain the title of chief executive officer.
Gillett is the owner of the Montreal Canadiens National Hockey League team and a co-owner of the Liverpool Football Club in the English Premier League.
Recognizing that the rate of change off track has exceeded the change on track in the past few years, Evernham forged a relationship with Gillett, whose diverse holdings offer unique business-to-business opportunities, sponsorship activation and fulfillment that will revolutionize what sponsors can expect from a NASCAR team.
“It’s very exciting for me to deliver to sponsors and fans the opportunity to align with a worldwide sports leader,” Evernham said. “With the business acumen of the Gillett family and its sports brands, we’ve greatly expanded our reach. This will allow me to focus on our racing operations and team performance, while the Gillett family will focus on our business operations. It certainly allows us to capitalize on our strengths and position GEM for long-term success both on and off the track.”
The transaction was initiated and negotiated by Matthew Doherty at McLaren Capital Partners in Los Angeles.