Scott Borchetta

Scott Borchetta, founder/president/CEO of Big Machine Label Group, was involved in a car crash while racing at a Trans Am Series event at Road Atlanta on Sunday (March 26).

A statement from the label confirmed the crash and his condition but was scant on details: “Big Machine Label Group Chairman and CEO Scott Borchetta was involved in an accident yesterday, Sunday, March 26 while racing in the Trans Am Series. 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.”

Borchetta had to be extracted from his car after the crash, which happened on lap 24. He was taken to an Atlanta hospital, according to racing website TobyChristie.com. According to the site, Borchetta, a racing enthusiast, has competed in 34 Trans Am Series events.

Borchetta owns Big Machine Racing, a NASCAR Xfinity team, which, according to its website, has seen multiple top 5 and top 10 finishes for its drivers since launching in 2021.  The team logged its first win at the Texas Motor Speedway in 2022.

Big Machine was founded in 2005. Among its first successes was Taylor Swift‘s debut album, released in 2006. Its current roster includes Carly Pearce, Tim McGraw, Thomas Rhett, Chris Janson, Brantley Gilbert and Brett Young. Ithaca Holdings bought Big Machine in 2019 for around $300 million, while HYBE bought Ithaca Holdings for $1.05 billion in 2021. Borchetta has remained head of Big Machine through the transitions.