Members Login
Username 
 
Password 
    Remember Me  
Lucky Dog Racing -> Lucky Dog Racing Community Forum -> Lucky Dog Racing: Cup Series -> Teresa looking to sell DEI?
Post Info TOPIC: Teresa looking to sell DEI?
President Lou Demian


Lou Demian - President

Status: Offline
Posts: 8032
Date:
Teresa looking to sell DEI?
Permalink  

Teresa Earnhardt Looking to sell DEI? UPDATE: Sirius NASCAR Radio's Sirius Speedway is reporting today that Teresa Earnhardt has enlisted the services of Bear, Stearns and Company to find a buyer -- or at least a major financial investor -- for Dale Earnhardt, Inc. Bear Stearns is an investment bank, securities trading and brokerage firm based in New York City, and has been charged with finding a buyer for the entire operation. Barring that, Earnhardt is said to be interested in selling at least a minority interest in the team. DEI President of Global Operations Max Siegel declined to comment on the story when contacted earlier today.(Sirius NASCAR Radio's Sirius Speedway)(7-7-2008)
UPDATE: Max Siegel, President of Global Operations at DEI is currently in negotiations with major investors to buy Teresa Earnhardt out of DEI, a source close to the negotiations said Monday. It appears now that Teresa is finally willing to sell, and Siegel is working diligently with a number of potential investors to take the company over. Sources said Siegel would not just be buying a portion of DEI or a controlling interest, rather, he would be buying the entire company. Sources said, Teresa has agreed to walk away from the company entirely for the right price. That price is supposedly somewhere between $115-$130 million dollars. With one exception...Teresa would retain the rights to all "Dale Earnhardt' and 'Intimidator' rights and merchandise sales. Siegel would only be buying the DEI race teams, and real estate including all race shops and the DEI headquarters in Mooresville, NC. Sources said Siegel is very serious about the purchase and appears to have investors salivating over the opportunity to own the legendary team. In addition, Teresa has grown more frustrated with NASCAR nation following her fall-out with the sports most popular driver, and wants nothing more than to be out of the public eye for good.




Awww, whats the matter Teresa? Can't handle it anymore? What did you expect after the way you treated Dale Jr. and other employees there? So you couldn't seel to Jr, but now all of a sudden you are interested in selling the entire company to someone completely outside the family. She had no business running it in the first place. She knows nothing about racing, just sees dollar signs.  Poor Dale must be rolling in his grave right now after what his once proud company has become.

__________________

2013 Cup Series Champion

2005, 2009, 2011, 2016 Xfinity Series Champion

2008 & 2010 Truck Series Champion

2007, 2012 & 2013 Streak to the Finish Champion
FASCAR Wendal


Wendal Ebach

Status: Offline
Posts: 604
Date:
Permalink  

This is total BS, I cann't believe that I'm reading this. My God Teresa you are such a B***H, to now sell outside of the Earnhardt Family that would be just f***ing crazy. This has to be something for the Earnhardt Family right now to see this also. I have and idea maybe Tony Stewart would buy it. That would be cool with me. I just cann't beleive this.

__________________

Whooz Racing - Wendal Ebach

 
Team Bow Tie


Jordan Hunt

Status: Offline
Posts: 205
Date:
Permalink  

I think Dale Jr. will buy it. His father owned a team and drove for another team, so why cant he? I guess the big question is is Teresa will sell it to him. We know he has the money.

__________________
Jordan
FASCAR Wendal


Wendal Ebach

Status: Offline
Posts: 604
Date:
Permalink  

Sh*t forgot about Jr. LoL Now, that would be great too.



__________________

Whooz Racing - Wendal Ebach

 
President Lou Demian


Lou Demian - President

Status: Offline
Posts: 8032
Date:
Permalink  

I don't know, I think this is bad timing right now for Jr. to be able to buy it. He is all wrapped up right now with his ride at Hendrick Motorsports. He is focused on this season and even has a good shot at the championship this year.

His own team, JR Motorsports is partly owned by Hendrick Motorsports now and he's focused on that as well.

I really can see now good reason why he'd want to go through all the troubles of trying to buy DEI now. Now if this happened last year, I think Jr. might have gone a different route.

__________________

2013 Cup Series Champion

2005, 2009, 2011, 2016 Xfinity Series Champion

2008 & 2010 Truck Series Champion

2007, 2012 & 2013 Streak to the Finish Champion
President Lou Demian


Lou Demian - President

Status: Offline
Posts: 8032
Date:
Permalink  

UPDATE 2 reports refuted: 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.


We will see.... I believe that Teresa wants to get out of the public's eye after all the backlash she received. I wouldn't doubt that we will see DEI transferring ownership in the near future.

__________________

2013 Cup Series Champion

2005, 2009, 2011, 2016 Xfinity Series Champion

2008 & 2010 Truck Series Champion

2007, 2012 & 2013 Streak to the Finish Champion
JG4TMR


John Magee

Status: Offline
Posts: 583
Date:
Permalink  

As you all know I am not an Earnhardt fan period. However what Theresa did to that company and to JR was snobbish (good word since I cant swear!) Not only did she smack JR in the face...she gave SR a kick in the rear as well. Now she is willing to get rid of everything Dale SR worked his whole life for. What a shame...she will end up selling it...trust me!!

__________________

   
2003 & 2005 P-10 CHAMPION
2008 P-10 BUSCH CHAMPION
2007 & 2008 MEMBER LROC TEAM CHAMPION
2009 LUCKY DOG RACING NATIONWIDE ROTY
2010 LDR NATIONWIDE CHAMPION
2010 COOL POOL NATIONWIDE RTY
2013  COOL POOL CUP SERIES CHAMPION
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
Lucky Dog Racing -> Lucky Dog Racing Community Forum -> Lucky Dog Racing: Cup Series -> Teresa looking to sell DEI?
Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse 		Powered by ActiveBoard