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mmmmmmmmm · Kenny Wallace Media

• 0:00
  Happy Wednesday morning. Everybody from Grand Cayman
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  Islands got some big ships parked next to us.
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  There's the island right over there.
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  It's always so beautiful. Boy, we got a special 1 today.
• 0:19
  I am with my friend Ed Balkovic. We're in his room.
• 0:24
  I said, Eddie, you want to do coffee with Kenny?
• 0:28
  And he said, come on, buddy, let's do it.
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  So there's the legend. There's his wife.
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  Look at there, Diane and Ed Balkovic, good friends of mine,
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  Ed and Diane. Diane, when you get a chance,
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  maybe shut that door. I don't want the.
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  I don't want the. I don't want the.
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  How you doing, sweetheart? Hey, how are you?
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  Are you going on? Are you going on the island
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  today? Yes, I am.
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  We're going on the beach. All right, All right, here's my
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  long time friend, the great Ed Balkovic, Eddie.
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  Eddie got the sticker ready to go.
• 1:01
  AM. I coffee with Kenny.
• 1:02
  Shirt Oh looky there. Hey, by the way, shop
• 1:07
  kennywallace.com is doing a hell of a business.
• 1:10
  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?
• 1:17
  We got a lot to get to today. We're going to try to do it
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  right and efficient. OK?
• 1:22
  Yesterday, Nas Court, that's what we're calling it, NASCAR,
• 1:27
  but they're in court. Get it?
• 1:28
  NASCART boy, Eddie, the big one to me right away was they showed
• 1:34
  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 that.
• 1:44
  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.
• 2:00
  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
• 2:15
  ass out the letters out there for everybody to see.
• 2:19
  It came out late last night and Rick, Rick Hendrick says, Jim, I
• 2:23
  don't like it that you are always on all of our asses that
• 2:28
  we don't do enough for NASCAR, he says.
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  We tried to hold ourselves to the highest standards.
• 2:35
  Our drivers work hard for NASCAR, but you know, you need
• 2:41
  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
• 3:00
  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
• 3:38
  this segment like this. I told all of you that Michael
• 3:43
  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
• 3:56
  we're tired of Jasmine. With you and Michael Jordan
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  went, I got y'all's back and they all decided to sign the
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  charter. But boy, now it's coming out how
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  bad all these car owners are upset with NASCAR.
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  OK, so that read that letter out there.
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  It is not a good letter. Rick Hendrick writes a scathing
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  letter to NASCAR and literally lights into Jim Fransen.
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  But at the end of the letter, it's like, hey, we can be
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  friends. Let's get together.
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  Richard Childress owns 60% of Richard Childress Racing.
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  I always knew this and that. It's not a surprise, Eddie,
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  because Roush, you know, it's Roush Fenway Keselowski.
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  But anyway, Richard gets pissed on the stand because NASCAR
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  found out that Richard about 8 months ago tried to sell part of
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  his team to Bobby Ellen. Now Richard's pissed because he
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  signed a non disclosure. In other words, nobody should
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  have known. So Richard Shilson, his
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  executives are on NASCAR's butt right now.
• 5:01
  Wanted to know how did you find out about this?
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  And I think Judge Bell and them are looking into is what NASCAR
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  did bring up a non disclosure. In other words, non NDANDA means
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  nobody should talk about this. If you talk about it, you're
• 5:19
  going to jail. So we'll see how that turns out.
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  But Richard Childers and his boys, they're mad that NASCAR
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  brought that up. But the deal died.
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  Bobby Hillen didn't have enough money.
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  What do you think of that one? Never know.
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  Yeah, yeah, you never know. But Richard was a or you always.
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  Told me you never know until the check clears.
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  Yeah, right. Yeah, I I think it's sold, but
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  the check hasn't cleared yet. So Richard Childress is mad at
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  NASCAR because they brought up something they shouldn't have
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  brought up. It was an NDA.
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  I mean, what happened there? You know, this one, this one was
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  pretty wild. You know, a lot of people say to
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  me, Kenny, who'd even, Eddie, who do you think is winning this
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  lawsuit? One of the biggest, biggest
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  signs yesterday that really disappointed everybody in the
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  media was Jim France, who owns NASCAR and Steve Phelps were on
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  the stand. And Eddie, they must have said,
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  I can't remember. I don't know.
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  They must have said it 50 times. What does that tell you when the
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  owner of NASCAR and the president say, I don't remember,
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  I don't know. Why do they do that, Eddie?
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  Selective memory. Say it again.
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  Selective memory. Yeah, so all the media, you
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  know, Bob Pogras, Weaver, Gluck, they're all like, man, this
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  ain't looking good. Now, that's not my words, but a
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  lot of people are like, man, that ain't looking good for
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  NASCAR. They, you know, I watched the
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  tear down with Jeff Gluck and Bianchi and they said that don't
• 7:00
  look good on NASCAR. They're they're the leaders.
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  There's nobody higher Jim France and and then I mean, it's their
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  strategy, obviously that that's their strategy.
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  But they said they spent the whole time going don't remember,
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  don't know. All right.
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  So I just told you, you know, we don't know what's going to
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  happen. But it's not looking good for
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  NASCAR right now because they don't know and they don't
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  remember. My God, this was interesting.
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  We decided to add this one on NASCAR Attorneys asked Steve
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  Phelps or no, I think I think it was Jeffrey Kessler with Michael
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  Jordan. They said Steve Phelps, why did
• 7:46
  Furniture Row and owner Barney Visser, 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.
• 9:00
  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, everybody's losing money
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  and that this this new business model, hey, it it it keeps
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  getting more expensive. So we'll see what happens.
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  All right, everybody, I'm sure you'll Charlie will drop that
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  letter in here that Rick Hendrick.
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  Remember what they say, if you want to become a millionaire in
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  racing, start out as a billionaire.
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  Check him out. Ed Balkovic everybody.
• 9:50
  One of the greatest microbiologist in America.
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  Say goodbye, Eddie. Goodbye all.