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While Roush Racing president Geoff Smith isn't sure where discussions with Boston Red Sox owner John Henry and his Fenway Sports Group will lead, he doesn't envision a scenario in which Jack Roush would relinquish control of the operation. Negotiations have been ongoing throughout the summer, Smith said late Tuesday afternoon. He's not sure what percentage of the team - which competes in all three of NASCAR's national series - could be sold, if any, but expects one thing to remain the same. "I can't see Jack Roush giving up control of Roush Racing," Smith said. "I don't see that as an outcome." Roush and Henry, who heads the NESV partnership, have been friends for several years, sparking occasional rumors that Henry was looking to buy into Roush Racing. In the past, though, Smith said the two sides were just discussing marketing possibilities, not a sale. The two were seen together on Sunday at New Hampshire International Speedway and Roush Racing released a statement Tuesday that confirmed discussions about selling an interest in the team were ongoing.(in part from the SceneDaily.com)
AND: According to multiple executives briefed on the negotiations, Fenway Sports Group is in talks to buy as much as 50 percent of privately held Roush Racing, the class of NASCAR, for something north of $50 million. No deal is imminent, these executives cautioned, and the negotiations, which have started and stopped before, could still falter. Both the Fenway Sports Group and Roush Racing confirmed the talks, but both said there is no agreement. Geoff Smith, president of Roush Racing, called the Red Sox unit "attractive partners" because of its marketing capabilities, particularly in the Northeast. Said Mike Dee, president of Fenway Sports Group: "If these discussions are fruitful, we will be happy to talk about them."(in part from the Boston Globe)
AND II: “Roush Racing confirms,” said Geoff Smith president of Roush Racing, “It has entered into discussions to sell an interest in Roush Racing to Fenway Sports Group, Boston. Should these discussions ultimately materialize into a definitive agreement Roush Racing will provide further information on the topic.”(Roush Racing PR)
AND: According to multiple executives briefed on the negotiations, Fenway Sports Group is in talks to buy as much as 50 percent of privately held Roush Racing, the class of NASCAR, for something north of $50 million. No deal is imminent, these executives cautioned, and the negotiations, which have started and stopped before, could still falter. Both the Fenway Sports Group and Roush Racing confirmed the talks, but both said there is no agreement. Geoff Smith, president of Roush Racing, called the Red Sox unit "attractive partners" because of its marketing capabilities, particularly in the Northeast. Said Mike Dee, president of Fenway Sports Group: "If these discussions are fruitful, we will be happy to talk about them."(in part from the Boston Globe)
AND II: “Roush Racing confirms,” said Geoff Smith president of Roush Racing, “It has entered into discussions to sell an interest in Roush Racing to Fenway Sports Group, Boston. Should these discussions ultimately materialize into a definitive agreement Roush Racing will provide further information on the topic.”(Roush Racing PR)