The stock car circuit prevents the LGB cryptocurrency company from sponsoring the driver, who triggered an anti-Biden slogan in an interview with NBC
According to reports, racing driver Brandon Brown may be facing a funding crisis again. Earlier, it was reported that NASCAR vetoed his agreement with the cryptocurrency company LGBcoin to sponsor a “Let’s Go to Brandon” theme car.
Fox Sports reporter Bob Pockrass reported on Tuesday night that after initially approving the new car design and subsequently reviewing it, NASCAR officials made the final decision to ban LGBcoin sponsorship. The ruling means that Brown will need to find a new major sponsor with only about six weeks before the start of the NASCAR Xfinity series season in Daytona Beach, Florida.
LGBcoin HODLer and investor advocate James Koutoulas vowed to sue NASCAR because the decision wiped out most of the company’s market value. He said, “It’s war now.” He claimed that the racetrack approved the sponsorship but only made some design changes, and believes that the reversal may come from an external entity, such as the administration of President Joe Biden.
After winning a race at the Talladega Super Speedway in Alabama in September, Brown inadvertently inspired the LGB phenomenon in an interview with NBC Sports reporter Kelli Stavast.The fans in the background heard the shout “Fuck Joe Biden,” But the reporter claimed that they were saying “Let’s go to Brandon.”
The latter phrase quickly became a euphemism for no profanity. “Fuck Joe Biden,” Give conservatives a way to mock the president and the mainstream media at the same time. The media tried to demonize anti-Biden memes, for example when CNN political analysts compared it to ISIS or Nazi Germany.
As far as Brown is concerned, he tried to distance himself from the controversy, he said in an interview last month “Not interested in leading some political struggles.” He said that he would not bother telling people how to vote, and added, “No one knows how my sponsor will react. In my world, there is no car to drive without a sponsor.”
Unfortunately, Brown’s reaction was negative.Despite being a rising NASCAR star, he said it became “very difficult” Attract sponsors because big companies think his unintentional association with the LGB meme will cause division.Last week, his Brandonbilt Motorsports racing team Announce Its transaction with LGBcoin.
Critics of NASCAR’s decision to terminate the deal pointed out that the racetrack did not shy away from political advertisements in the past.Bubba Wallace, a black NASCAR star who is a fake object “lasso” In the 2020 scandal, I drove a car with the theme of Black Lives Matter.