Like most American kids that grew up in the 80's I watched the Indy 500 every year and became interested in motorsports thanks to that race, but I didn't really get hooked until I started watching Formula 1 racing in the late 90's. My favorite era were those years with the great Mika Hakkinen/Michael Schumacher battles. (I was a Mika Hakkinen fan) So my fondness for Formula 1 waned once Mika retired and Schumacher started winning everything, even at the expense of his teammate Rubens Barrichello. My interest in F1 has only been lukewarm since.

Then I turned to Champ Car racing here in the US for my motorsports fix. However that was quickly extinguished once Champ Car and Indy Car merged and we were stuck with Tony George and his many foibles. (It was entertaining to watch the Hulman/George drama I'll admit.) My interest has been less than lukewarm with Indy Car lately, even without Tony George at the helm.

Over time however, the excitement I once had for motorsports has slowly gone. Maybe it has to do with my age, I don't know. But I think I will pour my efforts into my Trooper and my interests in the outdoors to add excitement to my life.

Thanks for checking out my blog, I hope you enjoy it. I will still post racing news when I find something interesting or noteworthy.

Wednesday, May 27, 2009

Indy CEO Tony George denies ouster

INDIANAPOLIS (AP) -- Tony George is still in charge of Indianapolis Motor Speedway, despite reports that he had been voted out.

"Contrary to published reports, I continue to serve as CEO of IMS,'' George said Wednesday in a statement.

A SpeedTV.com report posted on its Web site Wednesday said the board of directors had removed George from his position during a meeting Tuesday night. SI.com ran a similar report.

"Our board of directors met yesterday, and we did discuss how to best confront challenges and exploit opportunities facing our businesses,'' George said in the statement. "This is nothing new and is something that we continually do as a board. But no changes in leadership or responsibility have been made.

George, who is also CEO of the IRL and an IndyCar team owner, has led the family-owned speedway for the past 20 years. During that time, he started the Indy Racing League and brought NASCAR, Formula One and Grand Prix motorcycles to the 100-year-old, tradition-bound Indiana track.

According to the statement, board members asked George to devise a plan that would allow him to focus on the business that requires the most attention.

SpeedTV.com reported George was ousted as CEO because his three sisters, all members of the board, were concerned about the money he had spent to keep the IRL afloat and to make major changes to the speedway.

"This place wakes up every morning and eats money,'' George told local TV reporters during an appearance at the speedway. "We spend a lot of money keeping it in the condition we do. Certainly the Indy Racing League has in the past required a lot of capital to keep it going when there was two competing series - and a lot of money was spent last year trying to unify. We got that done and everybody's hoping to catch a tail wind and then the economy's in our face. We're just dealing with that.''

No comments: