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Teresa Earnhardt Looking to sell DEI?

by JohnFrench | 7/8/0814 Comment Comments »
well, looks like Teresa Earnhardt is looking to sell DEI.. is this any surprise really.. she lost her cash cow, and after all the backlash she has been getting from NASCAR Nation.. its no surprise to me.. i had seen this coming ever since she let Jr. go..

View Article: (jayski.com)

Read Related:  NASCAR

 &nbp;
TOP COMMENT * * * * * * * * * * * *
#7 | 148 days ago

+6 thumbs up

You mean to tell me after all that ruckess she caused fighting to control the companies ownership during Dale Junior's contract negotiations, all the talk about preseraving Dale Senior's legacy, now she wants to sell it - Not to any of Dale's kids of course, for whom the business was started for in the first place, but any billionaire who comes along? 

 

What a load of hypocritical crap!  ARGH!

  
14 Comments | Sorted by Most Recent First

Vote for your favorite comments. Fans decide the Top Comment (3+ votes) and also hide poor quality comments (4+ votes).
#1 | 148 days ago

+3 thumbs up????Will Jr. reclaim what should have been his????  I just don't know?????
#2 | 148 days ago

+2 thumbs upI'll be honest, i don't follow NASCAR  enough to care, but I haven't heard a good thing about Teresa, and I don't think Junior is a businessman (yet).  Maybe a good pick up for Ganassi or Bill Davis (does he still own a team?)
#3 | 148 days ago

Michael wrote:
????Will Jr. reclaim what should have been his????  I just don't know?????
+3 thumbs upYou're right, it should be his, but not at the premium price she'll be asking when that day comes. I think he and Kelley would make a great management team for his dad's company but he seems so at ease and happy now, would he want to step back into that company?....
#4 | 148 days ago

+5 thumbs upShe should...she friggin ruined it the second she took over!
#5 | 148 days ago

srhall wrote:
You're right, it should be his, but not at the premium price she'll be asking when that day comes. I think he and Kelley would make a great management team for his dad's company but he seems so at ease and happy now, would he want to step back into that company?....
+2 thumbs upThanks, I don't know the mgt. stuff at all!
#6 | 148 days ago

+1 thumbs upIt is over due, but the question becomes, who will buy it?  Jr won't do it for many reasons.  Although I think he may want to partner up with someone else and be the minority guy in the deal...  Just a thought that makes sense to me.
#7 | 148 days ago

+6 thumbs up

You mean to tell me after all that ruckess she caused fighting to control the companies ownership during Dale Junior's contract negotiations, all the talk about preseraving Dale Senior's legacy, now she wants to sell it - Not to any of Dale's kids of course, for whom the business was started for in the first place, but any billionaire who comes along? 

 

What a load of hypocritical crap!  ARGH!

#8 | 148 days ago

+4 thumbs upStewart should buy it!
#9 | 148 days ago

srhall wrote:
You're right, it should be his, but not at the premium price she'll be asking when that day comes. I think he and Kelley would make a great management team for his dad's company but he seems so at ease and happy now, would he want to step back into that company?....
+2 thumbs upDon't you think he'd be much better off building JR Motorsports up than taking the dregs of a company from her? By the time another owner bought the company what will they have? They lost their main sponsor, Budweiser, and bought into another burned out team so what do they really have left? I say let the witch have it and hope she can ride it till it dries up. All she has now is the Dale Earnhardt name and memorabilia which she expects to carry her till she's ready to retire. Problem with that is time will even take that away.
#10 | 148 days ago

badsam1956 wrote:
Don't you think he'd be much better off building JR Motorsports up than taking the dregs of a company from her? By the time another owner bought the company what will they have? They lost their main sponsor, Budweiser, and bought into another burned out team so what do they really have left? I say let the witch have it and hope she can ride it till it dries up. All she has now is the Dale Earnhardt name and memorabilia which she expects to carry her till she's ready to retire. Problem with that is time will even take that away.
+3 thumbs up

Absolutely!!  It wasn't like Teresa wasn't warned by every sports writer and fan in the country in that loosing Jr would be a terrible mistake both with his fans and cash flow wise.  It's her bed to either lie in or sell as she wishes.  It was the principle of the whole thing that irked me the most.

 

Teresa said:

 

"While we are very disappointed that Dale Jr. has chosen to leave the family business, we remain excited about our company's future. Our aggressive expansion and diversification plans have not changed. This company has continued to thrive since Dale left us in 2001, and it will thrive following today's announcement. Dale and I built this company to be a championship-contender, and those principles still apply."

 

I assumed the torch to be passed to the heir apparent.  I assumed too much.  That was my fault and I accepted it.  

 

The whole thing, from the contract negotiations until now, reeks spite.  Teresa deliberately made it impossible for Kelly and Jr. to continue working at DEI and would rather see the "family business" sold off to complete strangers just so his "other" kids couldn't have it.  I could be completely wrong but she put that perception out there and never once did any PR to the contrary.

 

Mission accomplished, I guess. 

#11 | 148 days ago

kizzlep wrote:
Stewart should buy it!
+4 thumbs upI'll go with that one! Tony IS wanting to purchase ownership in a CHEVY based team, nothing is definate with Haas CNC. Tony has money, maybe not as much as the trifling bi**h wants, but I am sure someone would help finance,, ohhhh Mr. Hennnndriccckkkk... Not to mention Tony CAN BRING SPONSORSHIP!!
#12 | 147 days ago

(Edited 07/09/08 1:12PM by ntimid8)
+2 thumbs up

The latest from ESPN.com.......................07-08-08

   Dale Earnhardt, Inc. is not for sale -- right now. DEI president Max Siegel on Tuesday refuted an Internet report that company owner Teresa Earnhardt had commissioned investment banking firm Bear, Stearns & Co., Inc. to locate a buyer or financial investment partner. "We have not engaged Bear, Stearns or Goldman Sachs or anyone else," Siegel said. "We are contacted all the time by outside firms about getting involved in the sport. We are not for sale right now. Nothing is imminent. Are we constantly weighing that as an option? Does that make sense? Quite frankly, we don't know," Siegel said. "Every team is looking for a way to bring in appropriate resources. Every single one. We haven't engaged anybody. People obviously approach us -- they're approaching everybody. We're looking to be around for a long time in future. We're feeling pretty damn good about where we're going, competition-wise." Siegel was forced to approach his driving corps with assurance that the team is currently not for sale. "I have assured them it's not true," Siegel said.(ESPN.com)(7-8-2008)

#13 | 147 days ago

ntimid8 wrote:

The latest from ESPN.com.......................07-08-08

   Dale Earnhardt, Inc. is not for sale -- right now. DEI president Max Siegel on Tuesday refuted an Internet report that company owner Teresa Earnhardt had commissioned investment banking firm Bear, Stearns & Co., Inc. to locate a buyer or financial investment partner. "We have not engaged Bear, Stearns or Goldman Sachs or anyone else," Siegel said. "We are contacted all the time by outside firms about getting involved in the sport. We are not for sale right now. Nothing is imminent. Are we constantly weighing that as an option? Does that make sense? Quite frankly, we don't know," Siegel said. "Every team is looking for a way to bring in appropriate resources. Every single one. We haven't engaged anybody. People obviously approach us -- they're approaching everybody. We're looking to be around for a long time in future. We're feeling pretty damn good about where we're going, competition-wise." Siegel was forced to approach his driving corps with assurance that the team is currently not for sale. "I have assured them it's not true," Siegel said.(ESPN.com)(7-8-2008)

+2 thumbs upyeah i have read that.. but i am still willing to wager it will happen.
#14 | 147 days ago

+3 thumbs upI call shenanigans on DEI.  Clearly this was a "feeler" they put out there to test the waters.  Who are they kidding? 

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