Indy Speedway for sale?
UPDATE #2 According to the Wall Street Journal, four members of the NASCAR-owning France family, sold 2,204,000 shares of ISC stock for more than $105 million. Bill France, his brother Jim along with Bill’s son Brian and daughter Lesa Kennedy each sold 551,000 ISC shares at $48.35 per shares, which comes to $26,640,000 for each. It was done just before tax filing day, so was it for tax purposes or was it to gear up for a major purchase, like a Speedway? We were told Indy is not for sale, so…..
03/02/06 AutoRacing1.com has learned from inside sources that the Indianapolis Motor Speedway is indeed NOT for sale. We are not sure where Brock Yates got his information. Mark C.
03/02/06 Brock Yates writes in his column in the April issue of Car and Driver Magazine that word is rumbling through the motorsports community that the Indianapolis Motor Speedway may be for sale. The bidders appear to be the France family and the Disney Corporation. We do know that Mari Hulman has said on more than one occasion that the Speedway was for her grandchildren and it would never be sold. However, if enough money was offered one never knows what the family might do.