NASCAR president says France family 'absolutely' not selling business
NASCAR president: France family not interested in selling business
NASCAR President Steve Phelps discusses the possibility of selling NASCAR given its merger with the International Speedway and the future of the sport.
The sale of NASCAR is 'absolutely' not in the foreseeable future, according to its president Steve Phelps.
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"The France family is not interested in selling NASCAR at all," Phelps said during an interview on FOX Business' "Mornings with Maria."
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NASCAR was founded by Bill France Sr. in 1948 and France's son, Jim France, is the current chief executive.
Phelps said that the sport is the France family's legacy and the merger between International Speedway Corporation (ISC) and the privately owned NASCAR was done for "all the right strategic reasons" that include significant changes to the schedule and how the sport is marketed.