NASCAR News: For $4 Billion you can buy it all…maybe
NASCAR might be up for sale.
You read that right. With the Daytona 500 coming up this Sunday, the rumor in the pits this week is this: the France family (who owns NASCAR and controls the ISC racetracks - Michigan International Speedway is one) and the Smith family, (who control most of the other tracks used by NASCAR), might be open to consolidating and selling. According to ESPN.com, the price, with the tracks included, would be between $3 and $5 billion. NASCAR denies that they're up for sale (of course) but the rumor is that Comcast might be one company that might be interested. Comcast is already in the sports business - they already own the Philadelphia Flyers. Of course, the France family and the Smith family are rumored to be part of the group Felix Sabates has put together to buy the Carolina Panthers football team.
Comcast also owns the Xfinity cable and internet provider company, the NBC-TV networks and DreamWorks Animation. So, get ready for the "Shrek 500" and the "Will and Grace 400".
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