owner John Henry has completed a deal to buy a 50 percent stake in the
Roush Racing NASCAR team, a person familiar with the negotiations said
Friday.
Although team owner Jack Roush is selling half of the team to the Fenway
Sports Group, Roush will continue to run the team's competitive
operations, according to the person, who requested anonymity because the
deal hasn't been announced.
Both parties have scheduled a Feb. 14 news conference at Jackie Robinson
Ballpark, a minor league facility near Daytona International Speedway.
Roush fields cars in the Nextel Cup series for Matt Kenseth, Greg
Biffle, Jamie McMurray, Carl Edwards and David Ragan, and has won series
championships with Kenseth and Kurt Busch.
An avid racing fan, Henry has been talking to Roush for several years
about forming some sort of partnership. Henry is a co-founder of
iracing.com, a company that allows computer users to play online racing
simulation games and Henry is said to spend hours playing the games
himself.
The deal represents a financial windfall for Roush, who started as a
small drag racing team owner in the 1960s and entered NASCAR in 1988
with driver Mark Martin.
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