NASCAR not for sale

Despite speculation launched earlier in the year by the death of NASCAR's longtime chief Bill France, the racing league nor its affiliated track holding company is for sale, chairman Brian France told Reuters.

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However, the passing of Bill France is not the only factor fueling deal rumors. Brian France admits that the sport is beginning to feel the pinch of higher fuel prices as attendance this season was stagnant compared to last, which could explain some of the speculation.

Additionally, NASCAR and affiliate International Speedway Corp., a leading owner of racetracks, are embroiled in a lawsuit from a Kentucky track owner who alleges the two conspired to prevent it from picking up a coveted Nextel Cup race. The France family owns NASCAR and a 62% stake in ISC.

Besides quelling deal rumors, Brian France discussed with Reuters the company's plans to add tracks in Denver, New York and Seattle. — Matthew Wurtzel

See story from Reuters
See TheDeal.com: Track owners team up for AP
See TheDeal.com: International Speedway buys track

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