BREAKING: Majority owners explore sale of NASCAR

Discussion in 'NASCAR chat' started by AndyMarquisLive, May 7, 2018.

  1. AndyMarquisLive

    AndyMarquisLive Short Track Fanatic

    Pat, FLRacingFan and Charlie Spencer like this.
  2. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    Not much there other than what Andy said in the topic title.

    Maybe buying ARCA broke the bank? :D
     
  3. AndyMarquisLive

    AndyMarquisLive Short Track Fanatic

    Maybe they bought ARCA to increase their assets and become a more attractive buy. Especially to a company like NBC/Comcast.
     
    Speedbowl14 and FLRacingFan like this.
  4. Acs

    Acs Team Owner

    You know it's bad when even the France family can't stay in the game. That being said, this could be a good thing in the long run. Brian, or whoever the shadow ruler of NASCAR is, have absolutely run this sport into the ground.
     
  5. Larsonfan1995

    Larsonfan1995 Team Owner

    This could end really badly, or it could end very very well.
     
    Candace66 and PeopleAreStrange like this.
  6. jws926

    jws926 Nissan Is Love, Nissan Is Life

    Brian is just a figure head, its his sister and some other blokes that have the control.

    It will be interesting to see where this goes if anywhere, like it says, this is just exploratory right now to see if there is any interest.
     
  7. Johali

    Johali Team Owner Contributor

    "Goldman Sachs offered no immediate comment".

    If they did they would go out of business. Confidentiality and trust are their two biggest assets.
     
  8. FLRacingFan

    FLRacingFan Team Owner

    Didn't Adam Stern say that Comcast is thought to be a potential buyer a while back?
     
    LewTheShoe likes this.
  9. JBone88

    JBone88 JR Nation's last ride

    I think most would agree that NASCAR has desperately needed a fresh start from a leadership standpoint.

    Guess we will see where this goes. If anywhere.
     
  10. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    I rag on BZF as much as the next guy, but run it into the ground? NASCAR hasn't been anywhere near as badly mismanged and the CART / IRL fiasco.
     
  11. kkfan91

    kkfan91 Taking a 10-200

    Yeah everyone celebrating dont you think someone else out there buying will come up with ideas you hate even more then the dead horses you already beat
     
  12. jws926

    jws926 Nissan Is Love, Nissan Is Life

    Yep, this very much a be-careful what ye wishes for type of things. But I think we all can agree that changes at the top need to me made .
     
  13. FLRacingFan

    FLRacingFan Team Owner

    That reminds me that I wish someone would buy out the Hulman-George family already.
     
  14. AndyMarquisLive

    AndyMarquisLive Short Track Fanatic

    I imagine it'll be a media company that buys NASCAR. And NBC/Comcast definitely comes to mind first in that regard.
     
    REBS31, Speedbowl14, JBone88 and 2 others like this.
  15. StandOnIt

    StandOnIt Farm Truck

    I read something like this a week ago, more vague than this and this is really vague. Good topic for some though. Options? Never heard of that bunch.
     
  16. StandOnIt

    StandOnIt Farm Truck

    if somebody was going to buy it, stock prices on both sides would shoot up when the info is leaked..there is your sign.
     
  17. ReturnTrip

    ReturnTrip Team Owner

    At this point I'm in the slice of pie that says it can't possibly get worse.
     
  18. AdoubleU24

    AdoubleU24 Team Owner

    I'm the potential buyer, guys.

    Don't worry, you're in good hands.
     
    be9ak7ts16, JBone88, DSquad48 and 9 others like this.
  19. DUN24

    DUN24 Skeptical of the Spectacle

    Sounds like the Frances are trying to get out while it’s worth something. Thanks for ******* it up so bad, guys.


    Also, I don’t see how completely selling off to a corporation is going to help achieve anything us fans would want. It’s going to be more business-like than ever.

    Pessimistic but it’s how I see it.


    Extra annoyed that they just purchased ARCA too.
     
  20. aunty dive

    aunty dive Team Owner

    “good afternoon ... this is the New York office of the RTA. How may I be of assistance?”
     
  21. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    That Kickstarter came through for you?
     
  22. ReturnTrip

    ReturnTrip Team Owner

    Go ahead and send that 2007 trophy to JG.
     
  23. FLRacingFan

    FLRacingFan Team Owner

    I don't know. Liberty Media seem to be making progress on several fronts with F1, and have their hands tied when it comes to other issues they want to amend. They generally seem to have good intentions though.
     
    ChexOrWrex and LewTheShoe like this.
  24. DUN24

    DUN24 Skeptical of the Spectacle

    But muh on-screen graphics and new logo!



    You’re right though.
     
    FLRacingFan and ChexOrWrex like this.
  25. AdoubleU24

    AdoubleU24 Team Owner

    Haha I was going to say, please join me in congratulating your 2020 thru 2030 champion - Chase Elliott.
     
    BradBlaney and Snappy D like this.
  26. nickp

    nickp Crew Chief

    So when do we start hearing again about Brian France trying to buy the Panthers again? Doesn't seem like a crazy idea for the family to cash out and look to invest in about sports franchise
     
  27. StandOnIt

    StandOnIt Farm Truck

    that seems to be another rumor with no proof at this point also
     
  28. LewTheShoe

    LewTheShoe Team Owner

    Ha ha. I doubt that is the eventual outcome, but that would be ideal, IMO.
     
  29. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    I could see a new owner moving the NASCAR offices to Charlotte.
     
  30. StandOnIt

    StandOnIt Farm Truck

    Penske did own at one time some ISC stock from the sale of AutoClub I believe. IDK if he still has it
     
  31. joe h

    joe h Team Owner

    Meanwhile in the sarcastic deathbed thread, some two bit operation is putting their name on a wall at some track for a single race.

    this isn’t good. Your favorite sport, which has been family run since the beginning, is going to get bought out by either a media company that will make you beg for the return of the last 15 years, or a bank that will strip it of all of its assets and sell a valueless name in a decade.
     
  32. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    You're overlooking at least two options: the RTA or that it doesn't get sold at all.
     
  33. ChexOrWrex

    ChexOrWrex Ya gotta wanna

  34. ChexOrWrex

    ChexOrWrex Ya gotta wanna

    While you're at it, ship the 2004 & 2014 trophies as well.
     
  35. DanicaFreak

    DanicaFreak Green monster

    Dale JR and Jeff G co owners.
     
  36. Speedbowl14

    Speedbowl14 Ryan Preece and short tracks

    I agree that more than likely it will be a mega-media conglomerate. I think that's very bad. Ever since ratings started to tank I feel like the TV broadcast companies have been more involved in many of the "gimmicks" than we think. It's not NASCAR that wants to attract young viewers- it's Fox/NBC that wants them so they can make more money...but it's the perception that "NASCAR" is calling the shots.

    In an ideal world NASCAR would be bought by someone involved in racing but unfortunately the sport is too big for that. It will be purchased by a large powerful company. And as Andy said a media company makes the most sense.
     
  37. ChexOrWrex

    ChexOrWrex Ya gotta wanna

    No other professional sport is owned by 1 family.
     
  38. Hotrod

    Hotrod Team Owner

    Oh well, 3rd generation curse is alive and well. Doesn't really matter to me.
    If they have no fire to be in the business, get out. Seen this play
    in many family owned business'.
     
    Pat likes this.
  39. aunty dive

    aunty dive Team Owner

    I doubt it, too.

    That said, this is exactly why the RTA exists. You can buy the business or its assets but you can't run the races without the teams.
     
    LewTheShoe likes this.
  40. LewTheShoe

    LewTheShoe Team Owner

    It is interesting that Nascar said today that it had nothing to add to the reports, but a few months ago Nascar said the company was "Not for sale."

    Here is what Adam Stern wrote in February...

    Kick the tires: Could NASCAR be in play?

    Garage rumbles about the future of sanctioning body and its main track operators

    By Adam Stern,
    Staff Writer at Sports Business Journal
    February 12, 2018

    America’s premier stock-car racing series has been controlled by the France family since its founding in 1948. But as NASCAR’s 70th anniversary season opens with this weekend’s Daytona 500, it comes amid rumblings over what the future could hold for the sanctioning body and its major track operators: International Speedway Corp., also controlled by the France family, and Speedway Motorsports Inc., controlled by the Smith family.

    Could NASCAR be sold and its track operators merged or even included in such a deal?

    While NASCAR said in a statement that it is not for sale, recent developments have fueled the speculation and it’s been a topic of major discussion along pit road and among motorsports observers. Several NASCAR and ISC executives have taken on dual roles at both companies; the Smith family and NASCAR Chairman and CEO Brian France have been linked to possible involvement in a bid for the Carolina Panthers; and ISC’s president indicated during a recent earnings report that the company is open to consolidation in the sport.

    Read the rest here:
    https://www.sportsbusinessdaily.com/Journal/Issues/2018/02/12/In-Depth/Main.aspx
     
    Candace66 likes this.

Share This Page