- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
- Grass-Whopper: Pan-fried cricket burgers go over big in New York City
IndyCar isn’t for sale _ but maybe it should be
Question of the Day
It’s assumed all of this is a bid by George to reclaim the control he was stripped of by his mother and three sisters in 2009, and to oust current CEO Randy Bernard. George has never said that publicly, and he did not respond to an interview request from The Associated Press.
It’s no secret, though, that several team owners _ unhappy with Bernard’s leadership style, the cost of parts on the new car and a competition ruling that went in favor of Honda over Chevrolet before the Indy 500 _ had been scheming since late April to overthrow the CEO. It swirled all through May during the buildup to the Indy 500, and boiled over when Bernard basically confirmed it all in a tweet two days after the race.
Suddenly, the plot had gone public and the euphoria of the 500 came to a screeching halt.
It didn’t stop George, though.
Multiple people familiar with George’s plans say he quietly went to work behind the scenes approaching owners about a new plan to pool their resources and band together to buy the series. The people spoke to The Associated Press on condition of anonymity because George’s offer to the Hulman & Co. has not been accepted.
George received several verbal commitments, including some from team owners. His plan also called for the inclusion of Zak Brown, founder and CEO of the motorsports marketing agency Just Marketing International.
Multiple people familiar with George’s proposal to the board said the offer made clear that Brown would have a heavy role in the day-to-day leadership of the series, a role Brown has repeatedly told The AP he does not want. Brown has maintained he’s willing to offer assistance in an advisory or board position _ to IndyCar or any other racing series _ but is not looking to replace Bernard.
“I’m married to JMI and not looking for a divorce, so I don’t want to run any racing series on a full-time basis,” he told AP last week, just one day before George’s resignation was announced.
It’s hard to believe George can proceed without finding someone else to run the series. Still, rumors continue to swirl that regardless of what happens with George’s offer, Bernard’s job is in jeopardy, some say before the end of the year.
Why? Who knows? The board does not to discuss its business publicly.
Bernard has certainly made mistakes in his three years on the job, and he’s a promoter who had no experience in racing who has been miscast as the head of a motorsports series. But he has certainly tried to clean up the mess he inherited from George all while keeping a close eye on the knives being aimed squarely at his back.
And that’s why the family should entertain selling the series.
The board has to be willing to publicly support the CEO _ something it hasn’t done once in the past year with Bernard left publicly twisting in the wind, first in the fallout from Dan Wheldon’s fatal accident, and then from the attempted mutiny from the team owners. It has to also empower the CEO to crack down on disruptive team owners because actions detrimental to IndyCar are harming the struggling teams who need to find sponsorship dollars.
Yes, the Hulman-George family has spent a tremendous amount of money and done more than its part to prop up open-wheel racing in America. But IndyCar needs some serious help to grow, and cash can do it: from leasing ovals to beefing up the marketing strategy or even buying the series out of its current television contract.
It’s unfair to expect the family to continue to fund those endeavors and not grow weary of never turning a profit. But there’s never going to be a profit if the series is a constant amateur hour of owners running amok.
- Obama administration issues permits for wind farms to kill more eagles
- Spike in battlefield deaths linked to restrictive rules of engagement
- Rush Limbaugh: Obama trying to make Mandela death about himself
- Bill OReilly reminds: Nelson Mandela was a communist
- PRUDEN: British press horrified as London's new mayor dares to proclaim the truth
- Federal deficit shrinks 20 percent in fiscal 2014
- EDITORIAL: Our ideological president
- Activists urge Obama to go rogue, sidestep Congress
- Chris Matthews: GOP less patriotic than South African white apartheid leaders
- Sen. Rand Paul pushes 'Economic Freedom Zones' for Detroit
Independent voices from the The Washington Times Communities
History doesn't have to be grim; there is a lot to be learned from the pages of time.
The Constitution: Every issue, every time. No exceptions, no excuses. And how to get from here to there.
Why can’t humans just be free to be humans?
Get in the middle of all the action inside and outside the boxing ring.
White House pets gone wild!