Trump orders US to ditch the penny. What’s its connection to NASCAR’s most impactful Daytona 500?

Cease production of the penny, let collectors gobble up what's left of the 1 cent coin, and there will still be one eternally glued to Dale Earnhardt’s old Chevrolet, the luckiest piece of loose change in NASCAR history. The penny was doomed into obscurity after President Donald Trump this week directed the Treasury Department to stop minting new ones, citing the rising cost of producing the coin. The memories that linger of Earnhardt, 24 years after his death in the 2001 Daytona 500, and of the penny given to him by a 6-year-old girl ahead of his 1998 Daytona 500 victory, are priceless to those who were there for one of NASCAR’s seminal moments.

Ineos and Ratcliffe’s sporting empire risks atrophy with horizons narrowing | Nick Ames

The dream of sharing expertise across six sports, hoping to be supreme in all, was always likely to be a high-wire act

Five and a half years ago, Jim Ratcliffe and Ineos swept into OGC Nice with a mission statement. “We have a plan in place and we will follow it,” read one of the billionaire’s quotes amid a press release that outlined how the Ligue 1 club would become a regular player on the European scene. “I am adamant we will not be the dumb money.”

It is one of the earliest usages, in the context of sports investment at least, of a phrase dear to Ratcliffe. “Dumb money” is exactly what it says: injecting funds without genuine insight or expertise into the relevant industry. A few months later Ratcliffe deployed the same term speaking about Manchester United, who were at that point a twinkle in his eye, with specific reference to a £47m transfer fee spent on Fred by the previous regime.

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