NASCAR: Tony Stewart Leaves Gibbs Racing to form own team with Haas Racing

brandon27 · Jul 9, 2008

CHARLOTTE, N.C. (AP)—Joe Gibbs Racing will release Tony Stewart from his contract at the end of the season, ending an incredibly successful decade in which they won two championships and turned the organization into one of NASCAR’s best.

Stewart was expected to address JGR employees Wednesday, but his release, which J.D. Gibbs called “bittersweet,” was announced by the team.

“While this moment is bittersweet, we’re parting on good terms and we know that each of us has benefited greatly from the other,” Gibbs said in the statement.

Stewart’s departure opens the door for him to buy a NASCAR team, and he called a Thursday new conference at Chicagoland Speedway to discuss his future plans. He’s expected to announce he’s purchased majority ownership in the fledgling Haas-CNC two-car team.
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http://sports.yahoo.com/nascar/news;_ylt=Ah2GskoYAwP7ATOIJ6ZTwAjov7YF?slug=ap-nascar-stewartreleased&prov=ap&type=lgns

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