Stock car circuit blocks LGB cryptocurrency firm from sponsoring driver whose interview with NBC gave rise to anti-Biden chant
Racing driver Brandon Brown may again face a funding crisis after NASCAR reportedly shot down his deal with cryptocurrency company LGBcoin to sponsor a “Let’s Go Brandon”-themed car.
After initially approving the new car design and later placing it under review, NASCAR officials have made a final decision to ban the LGBcoin sponsorship, Fox Sports journalist Bob Pockrass reported on Tuesday night. The ruling means Brown will need to find a new lead sponsor with only about six weeks remaining before the NASCAR Xfinity Series season begins in Daytona Beach, Florida.
LGBcoin HODLer and investor advocate James Koutoulas has vowed to sue NASCAR after the decision wiped out much of the firm’s market value, saying, “Now it’s war.” He claimed that the racing circuit had approved the sponsorship with only some design modifications and argued that the reversal likely came from an outside entity, such as President Joe Biden’s administration.
NASCAR denies "Let's Go Brandon" car; Sponsor threatens lawsuit – Sports
“Now it’s war.” https://t.co/xDOpQ3w3s2
— James Koutoulas (@jameskoutoulas) January 5, 2022
Brown inadvertently inspired the LGB phenomenon when he was being interviewed by NBC Sports reporter Kelli Stavast after winning a race in September at Alabama’s Talladega Superspeedway. Fans in the background were heard chanting “F*ck Joe Biden,” but the reporter claimed that they were saying “Let’s Go Brandon.”
