Roush buys out Martin's share of No. 17 ownership

Friday, November 17, 2006

 

HOMESTEAD, Fla. - Jack Roush has bought Mark Martin's share of the No. 17 NASCAR Nextel Cup team.

Martin is listed as the owner of the car, though it was Roush that sat at the head table with driver Matt Kenseth when the team won the 2003 championship, and it is the Roush Racing umbrella under which the team competes.

Martin is leaving Roush after this season as he stops competing full time in NASCAR, at least for next season. Martin plans to share the Bobby Ginn-owned MB2 Motorsports No. 01 with rookie Regan Smith next season, with Martin driving in 22 races.

"We initiated the process over a year ago for a buyout on that, so that's already been a year in the works on what I would say is a payment schedule," Martin said Friday morning at Homestead-Miami Speedway. "That's already been taken care of, so I don't know what they'll do with his name, but technically that's already been in the works and [has] been in process."

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