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DEI Puts Deal On Table, Ball in Junior's Court?

ESPN.com is reporting that Dale Earnhardt Inc. has offered Dale Earnhardt Jr. 51% of the family business.

Angelique Chengelis [video] has spoken to Max Siegel who says that Dale Earnhardt Jr. has been invited to be a business partner in Dale Earnhardt Inc., which implies ownership.

Not so fast, says Junior, who denied that the offer had been made.
"No, I can't [confirm]. If that was the case, I'd know about it.

But he did say progress was being made.

"Things were better yesterday than the day before and over the last couple of weeks. We're just moving along with the negotiations."

And if the 51% offer is made?

"I don't want to get hypothetical. That's a long ways down the road. We've still got some things in the contract to work out."
I assume he means things like putting a board of directors in place and deciding who's going to do what.

Fair enough. But enough with the drama! Tell us when the damn deal is done!

Oh ... and about that new DEI Entertainment Division ... Cool. But right now? I have to echo Shawn Courchesne's sentiments:

"Hey Max, how about before building DEI into Hollywood, North Carolina, you focus on another project, like keeping the namesake driver of your company in your racecars."
Indeed. And how about getting the cars competitive.

Does everybody still remember DEI has two other drivers?

Update:
Kelley Earnhardt Elledge confirms that no deal has been offered:
"All conversations have been between Max and myself in the past few weeks discussing various ideas and alternatives understanding that Teresa is not willing to give up 51% of DEI for nothing."
For nothing, huh? That basically means they're nowhere.

I feel a break up coming on.

NASCAR's Most Eligible Bachelor Seeks Lady Luck



Dale Earnhardt Jr. thinks his car is good enough to win what he says is going to be a long, long, long race today. I just hope that in addition to having a good car, he also has some good luck. He's going to need it.

Update on the contract renegotiations

"NASCAR Now" insider Angelique Chengelis spoke to Max Siegel, President of Global Operations for Dale Earnhardt Inc. this week and ESPN's Marty Smith spoke to Kelley Earnhardt Elledge, Junior's sister and business manager.

Both sides are confident they'll reach an agreement ... both sides want to preserve the legacy of Dale Earnhardt and see DEI succeed ... both sides give the impression that all will work out wonderfully for everyone ... yada yada yada.

Is Junior getting majority ownership or what?

Chengelis thinks yes. She says Siegel has already tipped his hand and that Junior will get the 51% he's asked for.

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