New NASCAR Cup team owners invest in minor league hockey team
You might say that the newest NASCAR Cup team owner is now in a Rush.
Spire Sports + Entertainment, which recently purchased the Cup charter of former NASCAR championship team Furniture Row Racing, has branched out, taking a minority ownership share in the Rapid City (South Dakota) Rush of the 27-team East Coast Hockey League.
Spire co-founders Jeff Dickerson and T.J. Puchyr will become active minority partners in the Rush, hoping to bring the team back to past prominence.
“We aren’t going to be saviors here,” Spire co-founder Jeff Dickerson said in a press conference at the team’s Rushmore Plaza Civic Center home. “There’s no magic bullet. It’s going to take all of us to create the culture that builds excitement and value. The city loves the Rush and we hope to get it back to where it was.”
Rush majority owner, Rapid City businessman Scott Mueller, sees better days ahead for his club.
“The biggest thing is (Spire’s) sports industry knowledge,” Mueller said, according to the Rapid City Journal. “It’s about putting people in seats, selling advertising and they have a lot of knowledge on that. (Dickerson) sees so many venues, and I think he’s going to be involved in changes that are needed.
“We’ve taken some steps in the last few months. These are great days for us, and we’re really excited about our future.”
The Rush is mired in sixth place in the ECHL’s seven-team Mountain Division.
In addition to purchasing Furniture Row Racing’s charter, Spire represents several race car drivers including NASCAR’s Kyle Larson, Landon Cassill, Ross Chastain, Justin Haley, Todd Gilliland, Garrett Smithley and Vinnie Miller and IndyCar’s James Hinchcliffe.
Spire isn’t the only NASCAR Cup team owner involved in other sports. Roush Fenway Racing’s co-owner John Henry owns Major League Baseball’s Boston Red Sox and the Liverpool Football Club of soccer’s Premier League, while Chip Ganassi previously was a minority owner in MLB’s Pittsburgh Pirates. Felix Sabates, who also holds a minority ownership stake in Chip Ganassi Racing, is also a minority owner of the NBA’s Charlotte Hornets.
“We have been looking for several years to find something in minor league sports and see if what we do in motorsports translates to this space,” Puchyr said, according to The Journal. “Our due diligence indicates that it does.”