Catchfence

WELCOME, N.C. (February 27, 2010) – Richard Childress Racing has entered into a partnership agreement with a group led by San Diego Padres executives Jeff Moorad and Tom Garfinkel.

Moorad, the Padres’ vice chairman and chief executive officer, and Garfinkel, the team’s president and chief operating officer, will assist RCR in its business development and growth opportunities, and cooperate on other strategic initiatives. They will also participate on RCR’s internal advisory group.

“Over the past three years, Richard has become a trusted friend,” said Jeff Moorad.  “We believe in NASCAR and this opportunity allows us to be a contributing part of a winning organization, led by someone who we respect and trust.”

In 2007, Moorad, Garfinkel, and their ownership group purchased Hall of Fame Racing from NFL legends Troy Aikman and Roger Staubach. The team suspended operations after the 2009 NASCAR season.

“I’ve gotten to know Jeff and Tom and feel that they can add a lot to what we’re doing,” said Richard Childress, president and chief executive officer of RCR.  “This allows us to bring our individual strengths together and benefit all involved. I have learned over the last 40 years that you have to keep innovating and improving to be successful. This new partnership will complement our already strong organization.”

About Richard Childress Racing

Richard Childress Racing (www.rcrracing.com) has earned more than 180 victories and 12 NASCAR championships, including six in the Sprint Cup Series with the legendary Dale Earnhardt. RCR was the first organization to win championships in the Sprint Cup Series, Nationwide Series and Camping World Truck Series. Its 2010 Sprint Cup Series lineup includes Kevin Harvick (No. 29 Shell-Pennzoil Chevrolet), Jeff Burton (No. 31 Caterpillar Chevrolet) and Clint Bowyer (No. 33 Cheerios/Hamburger Helper Chevrolet). John Wes Townley drives the No. 21 Zaxby’s Chevrolet in the 2010 Nationwide Series, Austin Dillon drives the No. 3 Bass Pro Shops Chevrolet in the 2010 Camping World Truck Series and Tim George Jr. drives the No 31 RCR Development Chevrolet in the 2010 ARCA Racing Series presented by RE/MAX and Menards. Ty Dillon, Sean Caisse, Ryan Gifford and Stephen Leicht are RCR developmental drivers in both asphalt and dirt track racing.

Richard Childress Racing, Press Release