Big Machine Label Group Founder Scott Borchetta was injured in a racing accident during a Trans Am2 Series event in Georgia.
According to a statement from the label, the exec is in ‘stable condition.’ “Big Machine Label Group Chairman and CEO Scott Borchetta was involved in an accident yesterday, March 26, while racing in the Trans Am Series,” the statement reads. “He was taken to the hospital to assess his injuries and is currently in stable condition. We ask everyone to please respect the Borchetta family’s privacy during this time.”
The Trans Am Series itself also issued a statement wishing Borchetta a speedy recovery. “On behalf of the entire Trans Am staff and management, we want to wish Scott Borchetta a speedy recovery. Scott is a passionate and talented competitor, and his dedication to Trans am is evidenced by his participation as a team owner, driver, and partner.”
“The safety of our drivers, teams, and at-track personnel is our number one priority. We are deeply thankful to the safety and medical crews at the racetrack, as well as those at the local hospital who have provided excellent care,” the statement from Trans Am President John Clagett.
According to a report yesterday, Borchetta needed to be extracted from his race car after going off course in the high-braking Turn 1 of the 12-turn course. The accident happened on lap 24 of the event held at Road Atlanta. Shortly after the accident occured yesterday, the Trans Am broadcast team reported that Borchetta would be okay.
“I can tell you [Scott] is okay. He is conscious, and he’s been talking to his team, but he is on the way to the hospital. It was a big hit, but I am glad to say he is now in good care and being taken to the hospital.”
Scott Borchetta also owns Big Machine Racing, which has hosted several top five and top ten finishes for its drivers in 2021. His music label Big Machine was founded in 2005 and released Taylor Swift’s first album in 2006. Once she completed her contract with Big Machine in 2017, Borchetta arranged the $300 million sale of the company to Itacha Holdings in 2019.