Bankrupt NASCAR legend Jackie Stewart now $40Million in debt and faces selling off business after suffering from…
Jackie Stewart, the legendary Formula 1 champion and philanthropist, is facing a financial crisis after accumulating a staggering $40 million in debt. The Scottish racing icon, once a household name in motorsport, is now struggling to manage his finances following recent significant losses in his business ventures.
Stewart, 84, who founded several renowned charity organizations focused on safety in motorsport and health initiatives, has long been admired for his commitment to social causes. However, despite his charitable efforts and successful career, his recent investments in various business enterprises have turned sour, leading to his current financial predicament.
Sources close to Stewart reveal that his debts have spiraled out of control, with the former racing driver now forced to consider selling off parts of his business empire. His properties, including several luxury estates and corporate assets, could be put on the market to raise the necessary funds to cover the mounting liabilities. While the sale of his businesses could provide short-term relief, it remains to be seen how it will affect Stewart’s legacy and his charity work.
The news of Stewart’s financial woes has sent shockwaves through the motorsport community, where he is regarded not only as a champion driver but also as a pioneer in advocating for safety improvements in the sport. His charitable foundations, which have raised millions for various causes, could also face uncertainty as a result of his financial struggles.
Stewart’s representatives have yet to release a public statement, but industry insiders are hopeful that he will find a way to navigate this challenging period and continue his philanthropic endeavors. Fans and supporters alike are rallying behind the racing legend, hoping for a swift recovery from this unexpected setback.
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