There Are Talks NASCAR Owners Will Sell The Series
May 8th, 2018
This could be the big one for the NASACAR series.
Fox News reports that NASCAR’s majority owners are reportedly in talks to sell their stake in the stock car racing sanctioning body.
There have been three sources that have confirmed that the owners have been working with Goldman Sachs to identify potential buyers as attendance and television ratings for its races continues a steady decline.
The company is privately held and was founded by Bill France, Sr., in 1948 and remains controlled by his descendants. Forbes magazine has estimated the combined net worth of the France family alone at over $5 billion in the past so the sticker on this sale is expected to be a high one. What are your thoughts? Is it time to sell?