Disciple of INDYCAR Weblog

July 20, 2010

Indianapolis Motor Speedway: The Institution That Paved The Way For The Entire Sport

Filed under: The Disciple Blogs — Disciple of INDYCAR @ 1:50 pm

Some of the most interesting rumors foisted by the IMS/IRL-obsessed involve the financial situation of the Hulman-George family and their companies. The most common are:

-One or more of the family members lost millions to Bernie Madoff.

-The trust that Tony Hulman established runs out in (insert the number of an upcoming year here).

-The Indianapolis Motor Speedway is for sale.

-An offer above 300 million was made by Gene Simmons and (insert business partner here) and was dismissed.

-Roger Penske is preparing an offer.

-The gals want to make to it the 100th anniversary, then cash out.

-The family is ripped apart by infighting, drug and alcohol abuse and/or mental illness.

Whether any of this gossip is true (or not) is merely speculation. It is not really the business of anyone to ponder, although if there were any real reporters with journalistic skills left in the world that particular empire would definitely make a good story. Unfortunately all we have are either:

-Lap dogs that rely on perks and throw nothing but softballs.

-Idiots predisposed toward Tony George/IMS/IRL hatred still pining for the cart evolutionary period of 1979-1995.

-Not much in between.

As a lifelong fan of the institution I have suggestions as a concerned fan in the event the Hulman-George family is not long for IMS ownership:

-Do not sell to Roger Penske, ISC or even SMI. That would mean the end of the road in relatively short order.

-What is needed is another Tony Hulman. A successful Hoosier who cares about history, present, and most important, the future. There are plenty of potentially great owners, and any new one(s) need to be local. For all real or perceived dysfunction, the Hulman-George family are the rightful caretakers at least for now.

All race fans are watching with interest. Perhaps someone with credentials will fill in some blanks for the curious.

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3 Comments »

  1. I don’t think selling to Penske would be too bad, ISC would be AWFUL, SMI would make it way to contrived… Penske might buy if it was the only option, but he’s fairly old, can’t see him wanting to take more on.

    Comment by dylanpt24 — July 20, 2010 @ 6:56 pm | Reply

  2. I hope I’m long dead and gone before this institution is run into the ground.

    Comment by Race Fan — July 21, 2010 @ 12:57 am | Reply

  3. Letterman?

    Comment by walt — July 21, 2010 @ 5:56 pm | Reply


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