Jul 8, 2008

Some DEI News

On Monday, there were rumblings that Teresa Earnhardt is looking to sell Dale Earnhardt, Incorporated. On Tuesday those rumors were denied. The reports stated that Max Siegel, currently the President Of Global Operations, had contacted investors in an effort to purchase controlling interest in DEI. Teresa would still own the rights to 'Dale Earnhardt' and 'Intimidator'.

However, the reports were denied on Tuesday.

"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."

One report stated that Teresa Earnhardt is looking to exit the limelight. It is just a rumor, but there are details that insinuate that this could be more than just a rumor.

Meanwhile, DEI and Martin Truex Jr could be closing in on a deal that would keep the two-time Nationwide Series champion in the 1 car until 2012. With Mark Martin's impending departure, DEI can afford to offer Truex Jr a significant raise.

Also, Truex Jr and his DEI team could be facing a 150-point penalty for an infraction discovered last Thursday at Daytont during an inspection. Currently, Truex Jr is 88 points behind 12th place driver Tony Stewart. The rumored penalty would put a damper on his Chase hopes, as he would be a distant 238 points behind.

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