Indiana News

Source: Tony George Makes Bid to Buy IndyCar

10/12/2012


Tony George (Photo courtesy IMS)

A source confirms to 93 WIBC News that an investment group headed by Tony George has made an offer to buy the IndyCar Series from Hulman and Company. 

George is a member of the Hulman and Company board of directors. His mother, Mari Hulman George is chairwoman of the board. The company also owns the Indianapolis Motor Speedway, where George was once President and CEO. 

George is not commenting on the report.

Doug Boles, Vice-President of Communications for Hulman and Company told 93 WIBC News, "The IndyCar series is not for sale, and we are not considering any proposals or anything along those lines that might indicate it was for sale”.

George is a polarizing figure in motorsports. A large segment of the open-wheel fan base sees him as the man who’s decision to start the Indy Racing League, led the sport into ruin. Another group views the former Indianapolis Motor Speedway CEO as a man who tried to preserve the sport’s oval-racing heritage.

IndyCar was formed in the merger of the old Indy Racing League and Champ Car World Series. That deal was brokered by George in 2008.

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