US EditionSteve Phelps A "Big Fan" of Private Equity Money Coming Into NASCAR
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Steve Phelps A "Big Fan" of Private Equity Money Coming Into NASCAR
To keep a multi-billion operation sustainable, you have to get money wherever you can. That’s why NASCAR president Steve Phelps considers himself a “big fan” of attracting private equity funding into the sport. Up to now, private equity has been limited, but Phelps hopes that NASCAR teams start seeing even more private equity investment in the future. NASCAR’s charter system lets teams sell minority investment shares to private equity firms. Phe…
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