Tony George has stepped down as CEO of Indianapolis Motor Speedway and the rest of the Hulman-George company. This was after Robin Miller's article posted a few weeks ago saying George was ousted by the rest of the board, particulary his sisters. Here is an article on the men who will take over as CEO for the Hulman & Company and IMS respectively.
The impetus of this is believed to be money. George's sisters, and the rest of the board, were worried about the money TG has spent to keep the IRL afloat ($600 million is the rumored figure). Thus, the obvious question is, with TG having lost the purse strings, what happens to IndyCar? For now, it's presumed not much will chance, since IMS needs the IRL to sanction the Indianapolis 500. However, in the near future, the IRL might need to make money or find a new sugar daddy, or risk drastic changes. The hope is the impending deal to race in Brazil will raise enough funds to allow the ICS to get close to break even, a big step for the series.
Stay tuned. For now, here's Robin Miller's self-congratulatory take (his rep is well known, but he's rarely 100% wrong).
Cheer and debate with
6,000,000+ fans!
Charlotte
Michael
Britney
more
Comment!