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Old 2 Weeks Ago
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Willy Willy is offline
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Default France Family is Reportedly Exploring Sale of NASCAR

http://autoweek.com/article/nascar/r...exploring-sale
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Old 2 Weeks Ago
Yvonne* Yvonne* is offline
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Seems odd they would buy one series while entertaining bids of selling another. Shuffling interests maybe?
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HEMI_guy HEMI_guy is offline
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I doubt the Frances were the only party in the decison to buy ARCA. Or maybe they chose to do so to increase the value of the product before selling their share.
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de31168 de31168 is offline
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Quote:
Originally Posted by Yvonne* View Post
Seems odd they would buy one series while entertaining bids of selling another. Shuffling interests maybe?
Making what they are selling more desirable.. ARCA would go with it. You could purchase the top 4 stock car series in America on top of getting all the lower tiered series they operate.

Hard to say where it all went wrong.. the TV deal.. Winston leaving.. Brian France's leadership.. or just outright greed at all levels.
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Roger Gates Roger Gates is offline
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Either Brian France or the France Family also own the AMA (American Motorcycle Association) which may or may not go with the deal. Brian is also trying to buy the Carolina Panthers which is reported to be about 4 1/2 billion dollars so he may need the money so he won't have to be leveraged. Being an NFL owner has a much higher social standing than NASCAR because he is now on an island since there are no other racing associations owners to hob nob with.
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HEMI_guy HEMI_guy is offline
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Since my last post I've read that NASCAR itself in a privately held company, not traded on the stock market as I originally thought. But other sectors of their operation (like the tracks) are traded and the market.
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slugbelch slugbelch is offline
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Quote:
Originally Posted by Roger Gates View Post
Brian is also trying to buy the Carolina Panthers which is reported to be about 4 1/2 billion dollars so he may need the money so he won't have to be leveraged. Being an NFL owner has a much higher social standing than NASCAR because he is now on an island since there are no other racing associations owners to hob nob with.
David Tepper finalizes deal to buy Panthers, report says
Gabrielle McMillen 5 hrs ago

"The Panthers will have a new owner sooner than later.

Steelers minority owner David Tepper has finalized a deal to purchase the team, WBNG.com reported Monday.

Tepper, who is the founder of Appaloosa Management, bought the team from anywhere between $2.1 and $2.5 billion. Tepper is worth an estimated $11 billion.

In order for Tepper to take ownership of the Panthers, he must sell his stake with the Steelers. But since he is already approved by the NFL as a part owner, the process for him to take over should be smooth."



https://www.msn.com/en-us/sports/nfl...tanntp&ffid=gz
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