Big Machine Records CEO 'Stable' After Racing Crash

Scott Brochetta (Nathan Morgan Photography 2021)

The Big Machine Records CEO Scott Borchetta is now in 'stable condition' after he crashed his race car on Sunday at the Trans AM2 Series in Georgia.

The 60-year-old executive, who infamously sold his label — and Taylor Swift's early master recordings — to Scooter Braun in 2019, was recuperating after the scary crash, which happened during the 24th lap around the track, according to Toby Christie.

Scott Borchetta

'I can tell you [Scott] is OK. He is conscious, and he's been talking to his team, but he is on his way to the hospital,' commentators announcing the race said shortly after the incident, according to the sit. 'It was a big hit, but I am glad to say he is now in good care and being taken to the hospital. That's the latest.'

On Monday, Borchetta's label confirmed his crash, saying that he 'was taken to the hospital to assess his injuries and is currently in stable condition,' according to The Daily Mail.

'We ask everyone to please respect the Borchetta family's privacy during this time,' it added in a statement.

The Trans Am Series also released a statement from President John Clagett and PMH CEO Tony Parella about Borchetta's crash that wished him 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,' it read, adding that the safety of the Trans Am Series' drivers was its '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,' it concluded.

Although Borchetta is best known for leading Big Machine Records, which specializes in country and pop music, he has also shown a passion for racing in the past few decades.

He competed in motorcycle and quarter midget racing when he was younger, but he gave up the sport to focus on his music industry career.

Borchetta has played a major role in advancing the careers of country stars including Tim McGraw, Carly Pearce and Sugarland, while Rscall Flatts and legends including Garth Brooks, Reba McEntire and Trisha Yearwood were at one time signed to the label.