High Quality Content by WIKIPEDIA articles! Yates Racing was an American stock car racing racing team that competed in NASCAR until the 2009 season when it merged with Richard Petty Motorsports. Previously known as Robert Yates Racing, the team was owned by Doug Yates, who has officially owned the team since his father Robert`s retirement on December 1st, 2007. The Yates family owned the team since purchasing it from Harry Ranier and J. T. Lundy in October 1988. They last fielded the #98 Menards Ford for Paul Menard in the Sprint Cup Series and the #98 Menards Ford for Menard part time in the Nationwide Series. Yates also fielded the #96 Ask.com/Academy Sports + Outdoors Ford for Bobby Labonte in association with Hall of Fame Racing.