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Is buying into NASCAR team a good investment for Sox? (The Herald-Tribune)
| October 9, 2006 at 06:06 amby
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A group of investors led by Boston Red Sox owner John Henry is negotiating to buy a significant stake in Roush Racing, and it wouldn't come as a surprise in the garage area if other outside investors begin taking a serious look at NASCAR teams. But is a racing team really a good buy? "Yeah," Kyle Petty said. "That's why Warren Buffett's here." Wait ... the second-richest man in America is buying a NASCAR team? "No. That's my point," said Petty, driver and CEO of the Petty Enterprises team. "It ...