May 7, 2018

Report: NASCAR is for sale

Axios

Photo by Jerry Markland/Getty Images

The family that owns NASCAR is considering a sale of its entire majority stake, according to Reuters:

The France family is working with investment bank Goldman Sachs to identify a potential deal for the company, the sources said, cautioning that the deliberations are at an exploratory stage and no agreement of any kind is certain.

It is unclear how a sale would affect NASCAR management, since Brian France is currently the group's CEO.

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