NASCAR

NASCAR declines to offer comment on reports of potential sale – NASCAR

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The group that owns the NASCAR Cup series has declined to comment on the potential sale of the sanctioning body.

A report from Reuters on Monday indicated that NASCAR’s ownership group is exploring options that include a sale, with sources suggesting the privately-held company has obtained the services of Goldman Sachs Group Inc to seek potential buyers.

The report called the move “exploratory”. NASCAR officials had no comment when contacted on Monday and asked about a possible sale.

NASCAR, headquartered in Daytona Beach in Florida, was founded by William HG France and incorporated in 1948. Brian France, the grandson of William, is the current chairman and CEO of NASCAR.

The company operates and sanctions racing in multiple series in the United States and around the world, including its namesake Cup series.

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