Now this could really be the big one.
NASCAR’s majority owners are reportedly in talks to sell their stake in the stock car racing sanctioning body, Reuters reports.
The news organization says three sources have confirmed to it that the owners have been working with Goldman Sachs to identify potential buyers as attendance and television ratings for its races continues a years-long decline.
The privately held company was founded by Bill France, Sr., in 1948 and remains controlled by his descendants.
The Reuters report did not say what the potential price tag for the deal is, but Forbes magazine has previously estimated the combined net worth of the France family alone at over $5 billion.
NASCAR and Goldman Sachs declined to comment.
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2 comments:
Way to go Brian France....instead of running the family business - you've been partying away all these years in CA and FLA. Your father and grandfather are rolling in their graves in disgust. Many from near/far have tried to offer assistance and all you have done is give us playoffs, stage racing and pushed away your base - THE FANS! Out priced the base and hence no more backstretch stands at Daytona/Talledaga; no turn 2 stands in Charlotte, no turn 3 or 4 stands in Richmond. Michigan's stands are a shell of itself, Dover - HA HA all those stands are now gone! EVEN Martinsville took seats out!
Brian France, you bumbling drunk, will be remembered for only one thing - the end of NASCAR!
NASCAR jumped the shark when the sanctioning body abandoned racing at the tracks that made the sport what it was at its peak and accelerated the downward trend of attendance and television rating with playoff points system.
SBJ
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