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July 08, 2008
Now She Wants To Sell!!!
By Mark Young
At this time last year NASCAR
was watching the turmoil and inner-family power play between Dale Earnhardt
Junior and Theresa Earnhardt over control of Dale Earnhardt Incorporated, the
family business that the late Dale Earnhardt created. Junior said he wanted more control of the
team, the ability to be involved in the decision making process to help make
DEI more competitive. Theresa refused to
budge and the rest is now history.
Dale Junior is second in NASCAR Sprint Cup points and DEI is floundering in mediocrity. Mark Martin will be gone next year to make a final full court press attempt to win his first ever Cup Series Title. Martin Truex is in the center of rumors to be leaving for either RCR or the new Tony Stewart team, and long-time sponsor Bass Pro Shops is rumored to be leaving as well.
Then yesterday word got out
that DEI was for sale…………..Why now?
U WANTS SOME?
Is Theresa Earnhardt finally
realizing that her greed got the best of her? Did her pride cause her rose tinted glasses to create a vision that she
didn’t need Junior?
Granted, in this day and age
of NASCAR where teams like the venerable Petty Enterprises sell majority
ownership to become more competitive I am not surprised to see DEI looking for
investors. But what has me just shaking
my head is that she had the chance to have it all. She could have had the most popular driver in
the sport and the merchandise dollars he generates. She could have had control of the business
side of the organization. She could have
had someone embedded into the sport that relies on being competitive making
decisions to make the team run well.
I have read on other sites
that she just wants to walk away from it all……..all of it except the licensing
rights and merchandise sales of the #3 and the Intimidator logos, not a bad
retirement plan if you ask me.
What absolutely makes me
shake my head is the question Why Now? I
know hind-sight is always 20-20 but was she that nieve to think that she didn’t
need Junior? If she would have budged
just a little bit a year ago she would still have Budweiser as a major sponsor,
the most popular driver in the sport driving for her, and more importantly Dale
Earnhardt Inc. would mean something other than a memory of something her late
husband created.
July 8, 2008 | Permalink
Comments
"Ain't No Sunshine, When You're Gone"...
Hindsight pays no dividends. Her problem was attitude and having the wrong people giving her input on DEI. A successful race team needs a balance of business decision makers, a fan accepted driver, and lots of racing experience and know-how. Then, can they go out into the very competitive world of seeking sponsorship. There will be many race teams making some pretty astounding adjustments and changes over the next couple of years. Last year would have been a great time and opportunity to solidify DEI rather than fragment it into oblivion and also a good time to have sold any GM, Ford, Chrysler or Toyota stock that one had accumulated. "Too Late Baby".
Posted by: jim | Jul 8, 2008 8:21:32 AM
i hope the ship sinks. because of what she did to jr
Posted by: ron house | Jul 8, 2008 8:49:07 AM
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