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#4750299 - 05/07/18 04:17 PM France family explore sale of NASCAR
Mr Nice Offline


Registered: 09/12/04
Posts: 21503
Loc: Orlando, FL
France family explore sale of NASCAR.

The France family, which controls NASCAR, is working with investment bank Goldman Sachs to identify a potential deal for the company, according to Reuters' sources, who cautioned that the deliberations are at an exploratory stage and no agreement of any kind is certain.


https://www.cnbc.com/2018/05/07/majority-owners-explore-sale-of-nascar-sources-say.html




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#4750303 - 05/07/18 04:22 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
earlyre Offline


Registered: 11/22/11
Posts: 3916
Loc: Lima, Ohio, USA
ummm...yay!?!????

i guess...
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#4750307 - 05/07/18 04:26 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
oil_film_movies Offline


Registered: 06/13/16
Posts: 2698
Loc: MN
And NASCAR is worth what????
Ricky Bobby is calling a meeting at Applebee's to discuss the worth:

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#4750309 - 05/07/18 04:34 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
NormanBuntz Offline


Registered: 07/27/13
Posts: 2199
Loc: Outer Banks, NC
Can you picture a hedge fund running NASCAR? I can't.
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#4750318 - 05/07/18 04:43 PM Re: France family explore sale of NASCAR [Re: oil_film_movies]
Virtus_Probi Offline


Registered: 06/25/15
Posts: 4191
Loc: New England
Originally Posted By: oil_film_movies
And NASCAR is worth what????
Ricky Bobby is calling a meeting at Applebee's to discuss the worth:

Professor D!ckweed is bidding one '76 Nova with a 350 that will only take a little bit of work to get running...but "running" means you will be able to start it, still need to find your own tranny to throw in there.
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#4750320 - 05/07/18 04:45 PM Re: France family explore sale of NASCAR [Re: Virtus_Probi]
Kira Offline


Registered: 08/19/10
Posts: 5546
Loc: Champlain/Hudson Valley
Has it always been owned by the France's?

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#4750341 - 05/07/18 05:04 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
azjake Offline


Registered: 01/31/12
Posts: 428
Loc: Phoenix, AZ
My money is on Tony Stewart. He already owns The All Stars Circuit of Champions Sprint car series and Eldora Speedway. NASCAR would be the crown jewel.
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#4750357 - 05/07/18 05:26 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
Vern_in_IL Offline


Registered: 06/25/14
Posts: 1953
Loc: IL
That Dumb [censored] that killed CART will get it if he wants it, Tony George.

I would like to see Vince McMahon take ownership, WWE and NASCAR are very similar since they are both staged....

But really I would like not a single person take it, but something like a board of directors made up of track owners, since it's their future on the line.


Edited by Vern_in_IL (05/07/18 05:32 PM)
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#4750359 - 05/07/18 05:29 PM Re: France family explore sale of NASCAR [Re: Kira]
bdcardinal Online   content


Registered: 06/03/05
Posts: 11167
Loc: Santa Barbara, CA
Originally Posted By: Kira
Has it always been owned by the France's?


Yes, it was founded by Bill France Sr.
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#4750394 - 05/07/18 06:15 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
OneEyeJack Offline


Registered: 09/14/10
Posts: 7485
Loc: S California
Maybe a new owner can switch the focus from kit cars to a series of race cars that are designed and built by the teams.

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#4750403 - 05/07/18 06:21 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
marine65 Offline


Registered: 11/27/14
Posts: 477
Loc: Denver
I think the Trump family should buy it.
Just imagine all the cars painted gold!
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#4750415 - 05/07/18 06:33 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
bdcardinal Online   content


Registered: 06/03/05
Posts: 11167
Loc: Santa Barbara, CA
I wouldn't mind seeing a group of team owners buying NASACR similar to how CART/Champ Car came into existence. The only possible downside would be someone like Penske having too much power over other teams.
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#4750436 - 05/07/18 06:57 PM Re: France family explore sale of NASCAR [Re: azjake]
Imp4 Offline


Registered: 04/06/18
Posts: 337
Loc: Somewhere in time
Originally Posted By: azjake
My money is on Tony Stewart. He already owns The All Stars Circuit of Champions Sprint car series and Eldora Speedway. NASCAR would be the crown jewel.

In order to be a 'crown jewel', you need to be highly desirable.

Based on the panning shots of the stands, and apparent attendance (or lack thereof), NASCAR isn't very desirable right now.
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#4750446 - 05/07/18 07:06 PM Re: France family explore sale of NASCAR [Re: Mr Nice]
Burt Offline


Registered: 01/08/09
Posts: 1314
Loc: texas
How long til we see electric cars buzzing around the oval?
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#4750448 - 05/07/18 07:08 PM Re: France family explore sale of NASCAR [Re: Burt]
Imp4 Offline


Registered: 04/06/18
Posts: 337
Loc: Somewhere in time
Originally Posted By: Burt
How long til we see electric cars buzzing around the oval?

Only once viewership demands it...
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