Jem Aswad Senior Music Editor Scott Borchetta — founder of Big Machine Label Group, the company that originally signed Taylor Swift — was involved in an accident Sunday while racing in the Trans Am Series.
According to a statement from the label, he was taken to the hostpital for examination and is currently in stable condition.
His wife, Sandy Spika Borchetta, who is also an executive VP at the company, and other family members are with him. “We ask everyone to please respect the Borchetta family’s privacy during this time,” the announcement concludes.
Borchetta had to be extracted from his car after it went off course in the high-braking Turn 1 of the 12-turn course, according to a report on the TobyChristie.com website.
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