NASCAR Fans - Dale Jr & Truex To Leave DEI For Jr Motorsports?

[The Mystery Machine]

I think the thing that bothers a lot of people about Teresa's actions is that everything always seems to be about business with no consideration for family.

All 3 of them are hardcore. Every interview I have seen with Jr. and Sr. don't make them look like kittens.

 

[taylor1293]

Sorry, even if it was a joint venture between me and DH, I would still feel the same way. Especially if one of the kiddos is as successful as Jr. is. How is giving up controlling ownership (at a damn steep price to the SON of her late husband, if the rumor was true) giving up her last link? I do believe Dale was the brains behind that operation, not her. She is all about the money. And if I was Jr. I would tell her to go to hell. Which I guess is what he is doing. It'll be interesting to see how DEI moves on with no DE jr.

But it's not a steep price, it's fair value of the company. Steep would be asking $155 million! How is it giving up a last link? I have no idea, it was simply a suggestion, some people have difficulty letting go of things that were of great importance to their deceased spouse. Maybe she is one of those people.

Do you mean that you would just give away a business you built with your husband to your step-children. Or do you mean you'd sell it at a lower value? And what about the children the two of you had together, are they entitled to any of the company?

 

[taylor1293]

I agree with all you wrote . I don't blame Jr for leaving and it is a shame that they couldn't come to an agreement.

Right. This is not Dale Jr's business which is why he is leaving. If dad wanted his kids to have it all he should have updated his will.

I don't blame Jr. really.

He has a name for himself and he can have his own empire for the future.

It is a shame that they could not come to an agreement. Teresa will lose out in the end, however she is a rich women and I think she will be fine.

 

[Miss Jasmine]

But it's not a steep price, it's fair value of the company. Steep would be asking $155 million! How is it giving up a last link? I have no idea, it was simply a suggestion, some people have difficulty letting go of things that were of great importance to their deceased spouse. Maybe she is one of those people.

Do you mean that you would just give away a business you built with your husband to your step-children. Or do you mean you'd sell it at a lower value? And what about the children the two of you had together, are they entitled to any of the company?

We haven't had any children together (and most likely won't). There is something to be said about family. Sometimes special considerations should be made in business and I believe this one of those times.

 

[taylor1293]

While there is no proof, there is likely some validity to it as it was being widely reported. Also, the fact that everything about Teresa seems to be about the business indicates to me that she was the business mind behind DEI.

I had no idea about the memorial. I remember all the legal issues with the autoposy photos, but I don't remember hearing anything about the memorial. Do you happen to have a link, or know where I can find one, to that story, I'd love to read it! Thanks!

I don't think there's any proof at all that he was offered 51% of the company.

I grew up a NASCAR far, going to races before a lot of women and families did. Even though I live in NASCAR country now, I don't consider myself a big fan, but I find Junior very compelling and this story interesting.

I think the thing that bothers a lot of people about Teresa's actions is that everything always seems to be about business with no consideration for family. Shortly after Dale died, fans from all over the country sent $ for his hometown, Kannapolis, to build a memorial to him. Teresa threatened legal action to block building it b/c the city didn't get rights from DEI for the statue. His MOTHER AND SISTER were on the memorial committee.

 

[dturner]

I'm a big Jr. and Truex fan.

I woke up to this news this morning....hmmmmmm........and yesterday we were all debating whether or not Jr. was going to drive for Hendricks......now I see where Hendricks comes into this whole mess.

I never thought of Jr. and Truex going to Jr. Motorsports - I like that idea.

Jr. had every right to own 51% of DEI and shouldn't have to pay 55 million to get that. Dale Sr. built DEI for his kids to one day takeover - that's a fact. Whether or not it was in his will is not an issue. I'm sure Dale Sr. didn't expect to die that young.

Yes, Teresa has some great business sense about her - she was the one that trademarked Dale Sr. name and licensed it out........smart!!!

Dale Jr. was the future of DEI - without Jr. DEI is going to implode.

Forever a fan!!

 

[I'mNoPrince]

It's on right now

he is moving on just as expected

No answer on where he's going.

Class all the way as expected.

I think he will be seen in the #3 Car next year if he can't take the #8 with him.

 

[dturner]

It's on right now

he is moving on just as expected

No answer on where he's going.

Class all the way as expected.

I think he will be seen in the #3 Car next year if he can't take the #8 with him.

Thanks for the update. I"m stuck at work with no TV and dying to know what's going on.

 

[dturner]

from nascar.com:

11:08 -- "I'm split down the middle, I've drove for DEI my entire career and we've done a lot of great things and I believe that company will do a lot of great things. I'm gonna miss a lot of the great relationships and the individuals that work there and they have my full support. the other half of me is very excited about the opportunities that are out there."

11:07 -- "I will say we weren't really close in getting what both sides wanted."

11:06 -- "As for the fans, please know this is a career decision. I want to thank my family members who are here to support me."

11:05 -- "It is important for me that DEI remain successful and to keep my father's legacy alive. It has been a privilege for me to drive for DEI and will continue to be through the rest of this year."

11:03 -- "As far as a team is concerned, we will make that decision at a later date. It depends on what team wants me."

11:03 -- "It is time for me to compete on a consistent basis now"

11:04 -- "Because DEI means so much to me I felt it was important that they come out successfully"

11:02 -- "After a year of intense negotiations we have decided it is time for me to move on"

11:01 -- "We are here today at last about my contract at DEI."

11 a.m. -- Dale Earnhardt Jr. is at the podium.


It's all so sad!!!

It reminds me of the commercial where Jr. gave a press conference saying that he's changing his car number and all the fans are going crazy because they have 8's everywhere................now it's coming true!

 

[taylor1293]

So all the rumors yesterday about him racing for Jr motorsports were false!

I'm guessing he'll go to RC. If he can't take the #8 with him, he'll be driving a red #3 next year

 

[dturner]

So all the rumors yesterday about him racing for Jr motorsports were false!

I'm guessing he'll go to RC. If he can't take the #8 with him, he'll be driving a red #3 next year

Looks like he's leaving his options open to see who would want him. I would like to see him driving for Childress if he doesn't want to drive for Jr. Motorsports.

 

[Alicnwondrln]

espn just said Theresa also wants a deal with Ford and Jr didnt wanna do that either so that added to it all

 

[dturner]

espn just said Theresa also wants a deal with Ford and Jr didnt wanna do that either so that added to it all

DEI has been in negotiations with another race team to merge - I think it was Robert Yates and they race FORDS - so that's where FORD come in.

YUK - FORDS!! I wouldn't want to race a Ford either.

 

[I'mNoPrince]

He just said that he would like to take the 8 with him but if not then any number will do.

He said if he went with RCR that he thinks he would like a new number and not the 3 ,as respect to his father that made that number what it is today.

He did state that if he can't find anything that will fit him right then JRM will go to Cup racing. He wants to stay in a Chevy as stated before.

 

[Colleen27]

I'm watching the press conference, and I really can't believe he's leaving. That just seems so wrong, for him to be running for anyone else! Sad. Like a part of Dale Sr's legacy is being eroded. And unlike many Jr fans, I really don't want to see him in the RCR #3. Like Jr himself said, Earnhardt made that number. It is his, and while I understand that NASCAR doesn't retire numbers, I don't think any driver, not even Dale Jr., should be in the 3 car.

Frankly, I think Theresa's a fool for letting him go. Even with him in a slump, having the most popular driver means big $$$, and with the contract between Bud and DEI coming up for renewal as well, I won't be surprised if they're scraping to find a sponsor for the #8 once Jr's gone. But it seems she's a heck of a business woman in her own right, and I think she'll make it work. I'll still be a DEI fan no matter where Jr ends up. I'm actually sort of hoping that Truex stays with DEI, because I think he could be a top driver given the chance.

 

[dturner]

I'm watching the press conference, and I really can't believe he's leaving. That just seems so wrong, for him to be running for anyone else! Sad. Like a part of Dale Sr's legacy is being eroded. And unlike many Jr fans, I really don't want to see him in the RCR #3. Like Jr himself said, Earnhardt made that number. It is his, and while I understand that NASCAR doesn't retire numbers, I don't think any driver, not even Dale Jr., should be in the 3 car.

Frankly, I think Theresa's a fool for letting him go. Even with him in a slump, having the most popular driver means big $$$, and with the contract between Bud and DEI coming up for renewal as well, I won't be surprised if they're scraping to find a sponsor for the #8 once Jr's gone. But it seems she's a heck of a business woman in her own right, and I think she'll make it work. I'll still be a DEI fan no matter where Jr ends up. I'm actually sort of hoping that Truex stays with DEI, because I think he could be a top driver given the chance.

I agree with you about Teresa. She's a fool!!

Not so sure about Truex staying at DEI - Jr. doesn't think he can win a championship at DEI with the way things are run now - I don't think with Jr. leaving that any of that would change.

I also don't want to see Truex in a Ford if he stays with DEI and DEI merges with Yates/Ford.

 

[Miss Jasmine]

With Jr. leaving perhaps it is now time to change DEI to TEI.

 

[kimmikayb]

I agree with you about Teresa. She's a fool!!

Not so sure about Truex staying at DEI - Jr. doesn't think he can win a championship at DEI with the way things are run now - I don't think with Jr. leaving that any of that would change.

I also don't want to see Truex in a Ford if he stays with DEI and DEI merges with Yates/Ford.

Agree! I do not want to see Truex in a Ford. Jr. just said that it was up to Truex what he did and his leaving wasn't a package deal. But my thoughts are Truex will leave too.

Teresa is the biggest fool. Bad business decisions, bad decisions about the cars, not showing up at the tracks and letting Dale go. My DH says he believes we'll see the Garage Mahal up in weeds within 5 years.

 

[Colleen27]

I'm not even into NASCAR, but his business side of things has intrigued me.
1) It was a rumor that Teresa offered 51% to Junior. That was not the case
2)I do believe that she should give up controlling ownership. I am a step-mom. If DH built up a business and something happened to him, I would take care of the business until such time as I think the kiddos could take over. I would still hold some interest, but no way would it be majority ownership.

I think people are being too hard on Theresa in this, too quick to paint her as the greedy, wicked stepmother trying to keep control of the company at the expense of Earnhardt's children, and that isn't the impression I get of her at all. She built that company alongside Earnhardt. By all accounts, she was instrumental in the company's success, handling a lot of the business end of things even when Earnhardt was alive. And it often seems to be overlooked that she & Earnhardt also had a child together that she has to consider in her decisions of how much control she retains over the family business. And frankly, that's the child I'd be most concerned with if I were in Teresa's shoes too, not just because of the biological bond but also because Taylor did lose her father at such a young age and because Jr is in a position where no matter what happens, he'll be set.

I really do think this comes down to business differences. Take the Yates rumors, for example. Jr's been very clear on his loyalty to Chevy and his disinterest in driving for another automaker. If he had controlling interest, any deal that meant switching to Ford wouldn't go through no matter how much Theresa felt it was in the best interests of DEI in the long run. And she'd have good basis for those beliefs, with the trend in NASCAR favoring the "mega teams" that field tons of cars.

 

[dturner]

With Jr. leaving perhaps it is now time to change DEI to TEI.

There ya go!!!

I'm not a person to wish bad luck on anyone but I wish Teresa all the bad luck in the world. I"ve never liked her.