Champ Car NOT being sold

UPDATE “We enjoy our current relationship with Champ Car and have no reason to change it. Champ Car’s business model and strategic vision are different than IMSA’s and we feel that we remain amicable colleagues engaged is different areas of motor sports. Where we have shared venues, we feel that both parties, the promoters and the fans have enjoyed a benefit, but rumors of a takeover or merger are simply unfounded and irresponsible. We feel that it is important to remain focused on our business and wish Champ Car the best with theirs.“
–Tim Mayer, Chief Operating Officer of both ALMS and IMSA

Editor's Note: This article is where this unfounded and irresponsible rumor started.

08/19/07 There have been some rumors floating around lately that Champ Car might be sold or merged with the IMSA or ALMS. Don't believe them. Champ Car’s official position on it is as follows:

“There is not one single element of truth to recent gossip posted on a web site about the Champ Car World Series ceding control to IMSA. Clearly, there are people and/or organizations who are attempting to undercut our Series, and will continue to do so, but our owners and senior management are committed to supporting and strengthening the Series, and we will continue to maintain the momentum that we currently are enjoying as he head to Europe for our upcoming two new events there."