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Sprint Cup

T. Earnhardt To Sell DEI?

Jayski is reporting via Sirius Satellite Radio‘s Sirius Speedway that Teresa Earnhardt has hired Bear, Stearns & Co. Inc. to find a buyer or major financial investor for Dale Earnhardt Inc.

The reports are that she’s looking to sell the team first. But, if that doesn’t happen, she would consider taking on an investor.

This seems odd to me. I know a year makes a big difference, especially considering all of things that happened to the economy over the following year. But, still…

If she’s thinking about selling the company, then it was stubbornness that led to her reject Dale Earnhardt Jr.’s ownership offer last season.

Instead of putting her ego aside and keeping the company family owned, she instead is now looking for a buyer, sending the company that Dale Sr. built to someone who is not an Earnhardt.

Discussion

One comment for “T. Earnhardt To Sell DEI?”

  1. [...] had been reported earlier that DEI hired Bear, Stearns, & Co. Inc. to find a potential buyer for [...]

    Posted by DEI Not For Sale, For Now « The Lead Lap | July 8, 2008, 7:33 pm

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