Transcript

mm · Kenny Wallace Media

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Happy Wednesday morning. Everybody from Grand Cayman
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Islands got some big ships parked next to us, and there's
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the island right over there. It's always so beautiful.
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Boy, we got a special 1 today. I am with my friend Ed Balkovic.
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We're in his room. I said, Eddie, you want to do
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coffee with Kenny? And he said, come on, buddy,
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let's do it. So there's the legend.
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There's his wife. Look at there, Diane and Ed
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Balkovic, good friends of mine, Ed and Diane.
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Diane, when you get a chance, maybe shut that door.
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I don't want the. I don't want the.
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I don't want the. How you doing, sweetheart?
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Hey, how are you? Are you going on?
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Are you going on the island today?
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Yes, I am. We're going on the beach.
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All right, All right, here's my long time friend, the great Ed
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Balkovic, Eddie. Eddie got the sticker ready to
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go and. My Coffee with Kenny shirt.
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Oh, looky there. Hey, by the way, shop
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kennywallace.com is doing a hell of a business.
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Eddie, Are you ready to do coffee with Kenny?
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Yes, I am. Let's get right to it,
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everybody. All right?
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We got a lot to get to today. We're going to try to do it
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right and efficient. OK?
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Yesterday, Nas Court, that's what we're calling it, NASCAR,
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but they're in court. Get it?
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NASCART boy, Eddie, the big one to me right away was they showed
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Rick Hendrick wrote a letter to the owner of NASCAR.
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Rick Hendrick wrote a letter to Jim France.
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Did you read it? Nope, I didn't read it yet.
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Eddie, I love. I love it.
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Eddie, I love. You helped me advertise, OK?
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Rick Hendrick says. Mr. France, I admire you for
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what you've done for NASCAR. Your family's awesome.
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However, your business model right now is not sustainable.
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And we won two championships in five years and we lost $20
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million. And Eddie, this letter went on
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the the letter was rough because Rick Hendrick choose Jim Francis
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ass out the letters out there for everybody to see.
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It came out late last night and Rick, Rick Hendrick says, Jim, I
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don't like it that you are always on all of our asses that
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we don't do enough for NASCAR, he says.
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We tried to hold hold ourselves to the highest standards.
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Our drivers work hard for NASCAR, but you know, you need
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to quit roughing us up and we need to have a meeting and get
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together right now. And this letter, I paraphrase
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it, if this is on YouTube, you know, my Charlie model most
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likely is going to drop it right in.
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But Eddie Rick Hendrick says that in in five years they won
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two championships. I'm sure that was with Chase
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Elliott and would have been Kyle Larson.
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How would you like to won two NASCAR championships and lost
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$20 million? But as you always tell me,
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Kenny, money buys speed. It really does.
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And I guess 20 million buys a lot of speed.
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Well, you know, what happens is it's like father John said, you
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know, he said be careful competition to kill.
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You see, you know, Mr. H is there getting his ass beat by,
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you know, say Joe Gibbs race and it's it's a monkey see, monkey
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do business. But man, I'm I'm going to end
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this segment like this. I told all of you that Michael
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Jordan was only the scapegoat. I told you that.
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And now you see that Richard Schiller is pissed.
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He didn't want to sign it. And this letter comes out.
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So it's true. All the car owners just say
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we're tired of jagging with you and Michael Jordan went, I got
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y'all's back and they all decided to sign the charter.
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But boy, now it's coming out how bad all these car owners are
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upset with NASCAR. OK, so that read that letter out
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there. It is not a good letter.
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Rick Hendrick writes a scathing letter to NASCAR and literally
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lights into Jim France. And but at the end of the
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letter, it's like, hey, we can be friends.
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Let's get together. Richard Childress owns 60% of
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Richard Childress Racing. I always knew this and that.
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It's not a surprise, Eddie, because Roush, you know, it's
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Roush Fenway, Keselowski. But anyway, Richard gets pissed
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on the stand because NASCAR found out that Richard about 8
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months ago tried to sell part of his team to Bobby Ellen.
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Now Richard's pissed because he signed a non disclosure.
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In other words, nobody should have known.
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So Richard Silverstone, his executives are on NASCAR's butt
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right now. Wanted to know how did you find
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out about this? And I think Judge Bell and them
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are looking into is what NASCAR did bring up a non disclosure.
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In other words, non NDANDA means nobody should talk about this.
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If you talk about it, you're going to jail.
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So we'll see how that turns out. But Richard Childers and his
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boys, they're mad that NASCAR brought that up.
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But the deal died. Bobby Hillen didn't have enough
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money. What do you think of that one?
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Never know. Yeah, yeah, you never know, but
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Richard was A's age. Or you always told me you never
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know until the check clears. Yeah, right.
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Yeah, I I think it's sold, but the check hasn't cleared yet.
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So Richard Childress is mad at NASCAR because they brought up
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something they shouldn't have brought up.
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It was an NDA. I mean, what happened there?
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You know, this one, this one was pretty wild.
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You know, a lot of people say to me, Kenny, who'd even, Eddie,
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who do you think is winning this lawsuit?
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One of the biggest, biggest signs yesterday that really
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disappointed everybody in the media was Jim France, who owns
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NASCAR and Steve Phelps were on the stand.
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And Eddie, they must have said, I can't remember.
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I don't know. They must have said it 50 times.
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What does that tell you when the owner of NASCAR and the
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president say, I don't remember, I don't know.
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Why do they do that, Eddie? Selective memory.
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Say it again. Selective memory.
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Yeah, so all the media, you know, Bob Progress, Weaver,
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Gluck, they're all like, man, this ain't looking good.
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Now, that's not my words, but a lot of people are like, man,
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that ain't looking good for NASCAR.
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They, you know, I watched the tear down with Jeff Gluck and
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Bianchi and they said that don't look good on NASCAR.
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They're they're the leaders. There's nobody higher Jim France
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and and then I mean, it's their strategy, obviously that that's
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their strategy. But they said they spent the
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whole time going don't remember, don't know.
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All right. So I just told you, you know, we
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don't know what's going to happen.
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But it's not looking good for NASCAR right now because they
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don't know and they don't remember.
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My God, this was interesting. We decided to add this one on
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NASCAR. Attorneys asked Steve Phelps or
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no, I think. I think it was Jeffrey Kessler
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with Michael Jordan. They said Steve Phelps, why did
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Furniture Row and owner Barney Vister, why did they shut down?
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Phelps said that Furniture Row Racing, when they won the
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championship with Martin Truex, spent $45,000,000 in one year.
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So Martin Truex, when he won that championship, they spent
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$45 million. Hey, that's a lot of money.
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Did you know I was their first driver?
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And I was always amazed. And I told Joe Garone, who ran
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furniture, I said Joe Barney got enough money to do this.
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He goes, oh, he's got plenty money.
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And they would spend all their money because because Barney
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Visser wanted to prove the world that they could do it out of
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Denver, Co. And so they had those furniture
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trucks going back and forth to North Carolina.
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I think they spent an extra 2,000,000 years.
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What Joe might have told me. Hey Joe, if you watch us respond
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right here, I think they spent $2,000,000 a year cars, motors
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in the furniture trucks going from Charlotte NC to Denver, Co
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all. Those mattresses for padding,
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all that equipment. Yeah, yeah, right.
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OK. So Ray Kendrick writes a tough
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letter and but he he I mean that it shocked the racing world.
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So I think in ending Eddie, NASCAR is not sustainable is
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what all the owners are saying. Richard Schilder said, the only
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reason I can afford to do this is because I make parts for the
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military and he says we build motors.
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They're all saying they lose money.
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Everybody's losing money and that this this new business
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model, hey, it it, it keeps getting more expensive.
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So we'll see what happens. All right, everybody, I'm sure
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you'll Charlie will drop that letter in here that Rick
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Hendrick, remember. What they say if you want to
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become a millionaire in racing, start out as a billionaire.
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Check him out. Ed Balkovic everybody.
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One of the greatest microbiologist in America.
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Say goodbye, Eddie. Goodbye all.