Ray Evernham confirmed on Saturday that hes submitted an offer to purchase Motorsports Management International (MMI). MMI was founded by Los Angeles-based lawyer Cary Agajanian in 1995 as a driver management and motorsports consulting firm. Today, MMI lists Tony Stewart, Kyle Busch, Denny Hamlin, Kasey Kahne and Jamie McMurray among its clients. From the grassroots development of drivers to the evolution of professional racing, Evernham would be equipped to offer a full-service program. ‘Its public knowledge that myself and a group of partners have made an offer to Cary Agajanian,’Â Evernham said. ‘With the people that Im involved with, it would be a really exciting project. We dont have an answer yet. Cary is still thinking about the offer. He wants to get with us ‘Â I think theres a meeting for the first week of September. So yes, its something Im pursuing. I wouldnt have done it if it wasnt for the group of people that are involved. Ive worked with that whole group before and weve been successful with other projects. ‘Its not like I will have an office there that Ill be at every day. My part will be some of the driver development and help with driver coaching, driver management of some of the current talent that they have.(in part from FoxSports)(8-25-2010)
UPDATE: Statement from MMIs president/founder: ‘Over the years, MMI has been approached several times about mergers or acquisitions. I have known Ray Evernham for over 20 years and have great respect for him and what he’s accomplished in the racing business, especially his mentoring work as a team owner for Kasey Kahne, one of MMI’s cornerstone clients. So it is flattering to have Ray’s group make an offer for an interest in MMI and build upon the talent management and driver development standard that MMI has set within the industry. We have an ongoing dialogue that will eventually determine if it makes business sense for us to take that next step at this time.’Â ‘Â Cary Agajanian, President/Founder of Motorsports Management International.(8-25-2010)
