According to this link, Ryan Newman's contract is in the air:
www.journalnow.com
Showing posts with label Contract. Show all posts
Showing posts with label Contract. Show all posts
Thursday, July 26, 2007
Tuesday, June 5, 2007
Yates and Ford
RYR will continue it's relationship with Ford for 5 more years, and this also squelches the Chevy rumors and DEI merge rumors. See espn.go.com for the details.
Thursday, April 26, 2007
Dale Jr & DEI contract Negotiations
It's been noted by Marty Smith over at ESPN.com some perspectives on the contract negotiations, the $55 million DEI has asked Jr for for majority ownership and other interesting tidbits that are worth the read.
Here's some thought on the issue:
I think they are asking for a certain amount from Dale as more of an investment into the company because this is not a simple drivers contract negotiation anymore, it is a bid for ownership of the company, and like any new business partner, he would need to supply funds to participate, much as Fenway has for Roush, or what not.
Both sides knew this was coming up. Teresa would not have hired one of the biggest names in negotiation just for a drivers contract, so obviously Dale and Teresa probably had spoken of what the potential end result was, and Siegel was brought in to work out the details, otherwise, if there was no interest from Teresa's side, they would not have hired Siegel.
I personally wish Dale didn't have to come up with funds, but it is a business acquisition deal, and not unwarranted.
Otherwise, he can take is 'x' millions, and drop it into his own race team and take Budweiser and all the other marketing products that go with it and then, as jlaz4 pointed out, Teresa has herself one heck of a working museum, kind of like the Plymouth Plantation in MA!
But I would be surprised if this doesn't get worked out for both parties desires.
-Bruce
Here's some thought on the issue:
I think they are asking for a certain amount from Dale as more of an investment into the company because this is not a simple drivers contract negotiation anymore, it is a bid for ownership of the company, and like any new business partner, he would need to supply funds to participate, much as Fenway has for Roush, or what not.
Both sides knew this was coming up. Teresa would not have hired one of the biggest names in negotiation just for a drivers contract, so obviously Dale and Teresa probably had spoken of what the potential end result was, and Siegel was brought in to work out the details, otherwise, if there was no interest from Teresa's side, they would not have hired Siegel.
I personally wish Dale didn't have to come up with funds, but it is a business acquisition deal, and not unwarranted.
Otherwise, he can take is 'x' millions, and drop it into his own race team and take Budweiser and all the other marketing products that go with it and then, as jlaz4 pointed out, Teresa has herself one heck of a working museum, kind of like the Plymouth Plantation in MA!
But I would be surprised if this doesn't get worked out for both parties desires.
-Bruce
Saturday, April 14, 2007
Jr's Contract not a Shoe In
Kelley Earnhardt Elledge, sister, business manager and chief negotiator for Dale Earnhardt Jr, isn't yet convinced a contract extension with the company their father founded is on the horizon for NASCAR's biggest star.
It's not that talks are going badly. But many variables exist -- and time is precious.
"I don't know if we'll get there," Elledge said of an extension. "It's hard. When you start talking about the piece of ownership for Dale in [Dale Earnhardt, Inc.], that's part of my business, too. That's part of [half-brother] Kerry's business. That's part of [half-sister] Taylor's business.
"There's a whole lot of dynamics that play into it all."
Article Continued
It's not that talks are going badly. But many variables exist -- and time is precious.
"I don't know if we'll get there," Elledge said of an extension. "It's hard. When you start talking about the piece of ownership for Dale in [Dale Earnhardt, Inc.], that's part of my business, too. That's part of [half-brother] Kerry's business. That's part of [half-sister] Taylor's business.
"There's a whole lot of dynamics that play into it all."
Article Continued
Tuesday, April 10, 2007
Dale Jr to sign McGrath
Dale Earnhardt Jr.'s JR Motorsports will announce that it is signing seven-time Supercross champion rider Jeremy McGrath to a developmental driver contract, according to SportsBusiness Journal.
http://msn.foxsports.com/nascar/story/6663462 target="_blank"
http://msn.foxsports.com/nascar/story/6663462 target="_blank"
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