#2 NASCAR explanation.
In what is believed to be an attempt at calming down NASCAR employees, President Brent Dewar, sent a letter out claiming that they wouldn’t comment on ,”industry rumors,” The email is in response to an inside source claiming that NASCAR has been working with investment firm, Goldman Sachs in order to find a potential buyer for the sport.
“For over 70 years, the France family has worked hard to invest in the sport of NASCAR, including our recent acquisitions of ARCA,” Dewar wrote, referring to the recent purchase of the Automobile Racing Series of America, a lower-tier stock car series that sometimes races in conjunction with NASCAR events”
The inside sources claims are an interesting one considering all the turmoil that NASCAR is currently going through. Not only is the once iconic sport dealing with sagging ratings, bad attendance, negative press and a title sponsor on their way out, they have also been ostracizing their longtime fans in favor of trying to please new ones.