DEI to buy RYR? UPDATE 4: It was reported on SPEED's NASCAR Raceday that Dale Earnhardt Inc (DEI) is interested in buying Robert Yates Racing (RYR) and RYR is interested in joining forces with DEI. It was also reported that the teams would end up being in the Chevy camp.(4-29-2007)
UPDATE: In attempts to strengthen its teams and expand to four cars, Dale Earnhardt Inc. [#'s 1,8,15] has had preliminary discussions with Robert Yates Racing [#38, #88] about a partnership, as well as Ford Motor Company and another manufacturer, DEI executive team member John Story confirmed Sunday morning. While the company also is in the midst of contract negotiations with NASCAR's most popular driver, Dale Earnhardt Jr., DEI is working toward trying to solidify its future. That means getting the finances and the technological support it needs from a manufacturer and working toward fielding a fourth team by 2008 or 2009, said Story, who oversees sales, marketing and communications activities at DEI. What would be more startling would be the potential move to Ford or another manufacturer considering Chevrolet's long relationship with team founder Dale Earnhardt. The Chevrolet deal is not contingent on Earnhardt Jr. remaining at DEI, Story said. Yates said his team would remain Ford. Story said that talks with Yates could continue even if DEI remains with Chevrolet.(in part from SceneDaily.com)(4-29-2007)
UPDATE 2: With Robert Yates Racing and Dale Earnhardt, Inc. discussing a potential merger, how would that affect Yates-Roush Engines, which makes the motors that power all of the Ford NASCAR Nextel Cup teams? RYR co-owner Doug Yates was adamant that his team will not switch to Chevrolet power no matter what, and Roush Fenway Racing President Geoff Smith said he hopes any deal will build up the Ford NASCAR Nextel Cup effort. “We’re aware that he’s marketing his teams,” Smith said of Robert Yates prior to Sunday’s Talladega race. “We have a joint engine business that’s affected by the number of customers that we have. We want to see the Ford number of teams remain at least at its current level for the benefit of the engine business and for the competitive benefit for Ford Motor Co.”(SPEEDtv.com)(4-30-2007)
UPDATE 3: Dale Earnhardt, Inc., [DEI] will move to four Nextel Cup Series teams by 2009, be it through the acquisition of another team or the addition of a fourth team in-house, team executive John Story said Sunday at Talladega Superspeedway. Story said DEI has been in discussions with Robert Yates Racing for four-to-six weeks about a partnership, but cautioned that those talks are preliminary and that no documentation has been exchanged between the teams. If DEI were to acquire Yates, one of the two teams would have to forsake its manufacturer. Yates, a Ford flagship team for nearly two decades, would move to Chevrolet; or DEI, whose founder, Dale Earnhardt, won seven championships in Chevrolets, would move to Ford. "The only proposal we have right now for a manufacturer next year is from Chevrolet," Story said. "Teresa [Earnhardt] has been tremendously loyal to Chevrolet for a lot of years. We've had some conversation with a couple other manufacturers. They've called to inquire what our contract situation was. We told them, in fairness, we are going to sit down and exhaust our options with Chevrolet first, and if the opportunity came up we'd talk to somebody else. We haven't seen anything in writing from anybody else." RYR president Doug Yates said they'd rather stay in Fords, and that Ford Racing officials see a DEI merger as a way to get Ford back to prominence in Nextel Cup. But he didn't rule out a manufacturer switch. How this impacts Dale Earnhardt Jr.'s contract negotiations isn't known, but Story said a deal with Ford and RYR isn't contingent on Earnhardt Jr. staying at DEI. Earnhardt Jr. wants controlling interest in DEI, but Chevrolet officials want to keep him.(ESPN.com)(4-30-2007)
UPDATE: In attempts to strengthen its teams and expand to four cars, Dale Earnhardt Inc. [#'s 1,8,15] has had preliminary discussions with Robert Yates Racing [#38, #88] about a partnership, as well as Ford Motor Company and another manufacturer, DEI executive team member John Story confirmed Sunday morning. While the company also is in the midst of contract negotiations with NASCAR's most popular driver, Dale Earnhardt Jr., DEI is working toward trying to solidify its future. That means getting the finances and the technological support it needs from a manufacturer and working toward fielding a fourth team by 2008 or 2009, said Story, who oversees sales, marketing and communications activities at DEI. What would be more startling would be the potential move to Ford or another manufacturer considering Chevrolet's long relationship with team founder Dale Earnhardt. The Chevrolet deal is not contingent on Earnhardt Jr. remaining at DEI, Story said. Yates said his team would remain Ford. Story said that talks with Yates could continue even if DEI remains with Chevrolet.(in part from SceneDaily.com)(4-29-2007)
UPDATE 2: With Robert Yates Racing and Dale Earnhardt, Inc. discussing a potential merger, how would that affect Yates-Roush Engines, which makes the motors that power all of the Ford NASCAR Nextel Cup teams? RYR co-owner Doug Yates was adamant that his team will not switch to Chevrolet power no matter what, and Roush Fenway Racing President Geoff Smith said he hopes any deal will build up the Ford NASCAR Nextel Cup effort. “We’re aware that he’s marketing his teams,” Smith said of Robert Yates prior to Sunday’s Talladega race. “We have a joint engine business that’s affected by the number of customers that we have. We want to see the Ford number of teams remain at least at its current level for the benefit of the engine business and for the competitive benefit for Ford Motor Co.”(SPEEDtv.com)(4-30-2007)
UPDATE 3: Dale Earnhardt, Inc., [DEI] will move to four Nextel Cup Series teams by 2009, be it through the acquisition of another team or the addition of a fourth team in-house, team executive John Story said Sunday at Talladega Superspeedway. Story said DEI has been in discussions with Robert Yates Racing for four-to-six weeks about a partnership, but cautioned that those talks are preliminary and that no documentation has been exchanged between the teams. If DEI were to acquire Yates, one of the two teams would have to forsake its manufacturer. Yates, a Ford flagship team for nearly two decades, would move to Chevrolet; or DEI, whose founder, Dale Earnhardt, won seven championships in Chevrolets, would move to Ford. "The only proposal we have right now for a manufacturer next year is from Chevrolet," Story said. "Teresa [Earnhardt] has been tremendously loyal to Chevrolet for a lot of years. We've had some conversation with a couple other manufacturers. They've called to inquire what our contract situation was. We told them, in fairness, we are going to sit down and exhaust our options with Chevrolet first, and if the opportunity came up we'd talk to somebody else. We haven't seen anything in writing from anybody else." RYR president Doug Yates said they'd rather stay in Fords, and that Ford Racing officials see a DEI merger as a way to get Ford back to prominence in Nextel Cup. But he didn't rule out a manufacturer switch. How this impacts Dale Earnhardt Jr.'s contract negotiations isn't known, but Story said a deal with Ford and RYR isn't contingent on Earnhardt Jr. staying at DEI. Earnhardt Jr. wants controlling interest in DEI, but Chevrolet officials want to keep him.(ESPN.com)(4-30-2007)
