On this week’s OpenPaddock Live, we ranted about the “story that would not die”, the rumors continued to fly and Tony Hulman George was seeking to purchase INDYCAR. When we saw Curt Cavin of the Indianapolis Star writing about it, we knew that there was more to the story that just hearsay, but a concern that Mr. Cavin raised was that as a member of the Hulman & Company Board of Directors, he couldn’t be both buyer and seller. Then today, we received the following press release from IMS announcing…
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IndyCar – …well, crap.
I tried to come up with a better, more professional title to this post than “…well, crap.”, but let’s be honest. Nothing else really works for a day like today unless I allow myself to decend into a explitive-laced tirade about the two major bombs that were dropped today. Let’s get this morning’s news out first… “It is with profound regret & heavy hearts that we share the following update with you all. Despite the team’s best efforts, Vision Racing will be suspending all racing operations. We have an amazing…
Read MoreIndyCar – Belskus is Searching for New IRL Leader
Word is on the street (and in the Indianapolis Star) that the IRL is looking for a new CEO. Jeff Belskus took over for Tony George last year after his mom, his sisters and the consigliori voted him out of his positions of leadership within the family business. At this time, Jeff serves as the CEO of Hulman & Co., IRL, IMS, IMS Productions and the radio network. Busy man, but he is looking for help, especially since Joie Chitwood (IMS CEO) and Charlie Morgan (IMS Productions CEO) left for…
Read MoreIndyCar – Dust Settles at IMS
Earlier today, an article by Robin Miller at SpeedTV.com was published that stated that Tony George had been ousted by a vote of the board comprised mainly of his family as CEO of the Indianapolis Motor Speedway. Later, they rephrased the title to “Transition at IMS” and added the speedway’s rebuttal to their article. SI.com, the IBJ and Channel 6 all got involved in the act, but at the end of the day, we have had no confirmation that Robin Miller’s assertions were correct. The article on SpeedTV has not…
Read MoreTony George Denies Removal
IndyCar – Not So Fast Miller!
The Indianapolis Motor Speedway has released a statement debunking the speedtv.com article put up by Robin Miller earlier today. Here is their statement: At a regular meeting of the board of directors of the Indianapolis Motor Speedway on Tuesday, May 26, board members asked Tony George, chief executive officer of the IMS companies, to devise a plan for management of Hulman and Company, the Indy Racing League, Clabber Girl and the Indianapolis Motor Speedway that would allow him to focus on the business which requires the greatest attention. This plan…
Read MoreIndyCar – Tony George Pink Slip?
According to an article by Robin Miller at speedtv.com, Tony George is no longer the CEO at the Indianapolis Motor Speedway. A vote was reportedly taken by the board of directors which consist of his mom, his three sisters, himself and the speedway’s attorney which relieved the grandson of Tony Hulman from his position as top man at the most famous racetrack on the planet. This leads one to ponder the possible reasons why the family has replace Tony. First on the list is the most likely to me. Tony…
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