This is the Statt Mann Baby. Time to Scatt a little bit. Three weeks ago, I offered the idea that NASCAR could attract new private equity money if it would put a cap on spending and allow teams to make a profit. I said it would take five years. Well, it didn’t take five weeks.…
This is the Statt Mann Baby. Time to Scatt a little bit. The big sports headlines last week were Messi to Miami. And The Saudis taking over the PGA golf tour. They’re calling it a merger, but the money is coming from the Saudis. The branding remains under discussion. I was immediately drawn to the…
This is the Statt Mann Baby. Time to Scatt a little bit. I had conversations lately with a couple NASCAR contacts. They confirmed what I think. Within the next five years NASCAR will be flooded with owners who represent private equity banks and hedge funds. Those financial streams took over Formula One when rules changed…
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