Calling it a "huge turning point" in his life, Tony Stewart put rumor to rest at Chicagoland Speedway announcing the formation of Stewart/HAAS Racing.
Sitting alongside Stewart was HAAS/CNC Racing general manager Joe Custer who described Stewart as one of the "few people in sports that is a franchise player."
Stewart is being given 50 percent ownership in the new operation which until 2009 is nothing more than a shell operation from which the two can plan for the future. At some point the assets of the current HAAS/CNC Racing operation will fold into the new organization.
Neither man offered any word on sponsorship or possible crew positions, on hinting that Scott Riggs had not been ruled out as a possible teammate to Stewart.
The big money has Office Depot stepping up to sponsor Stewart and UPS providing the funding for the second team, which most likely be piloted by Ryan Newman.
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