Tony George ousted by own family as CEO of Indianapolis Motor Speedway.
Humpy Wheeler possible replacement.?.?
http://sportsillustrated.cnn.com/2009/writers/bruce_martin/05/27/Tony_George/?eref=sircrc
INDIANAPOLIS -- Tony George, who was able to outlast his open-wheel
racing adversaries in CART and later Champ Car, has been ousted as the
CEO of the Indianapolis Motor Speedway by his own family, SI.com has
learned.
An announcement by the Indianapolis Motor Speedway Corporation will be
made Wednesday afternoon that says George's tenure is over after he was
voted out of power in a board meeting Tuesday night. The IMS board of
directors includes George's mother, Mari Hulman-George; sisters Josie,
Nancy and Kathy Conforti, Indianapolis attorney Jack Snyder and George.
IMS officials have not issued any comment on the matter but a Speedway
source said an official announcement will be made later Wednesday.
While George will no longer be in power of the Indianapolis Motor
Speedway, he remains the CEO of the IndyCar Series. He began the Indy
Racing League in 1994, which began competition in 1996 starting a bitter
open-wheel racing civil war. At that time, teams from CART comprised
most of the lineup of the Indianapolis 500, but with the advent of the
IRL, those teams boycotted the world's biggest auto race.
But with last year's financial collapse, George's sisters expressed
concern that he had spent much of the family fortune on propping up the
IndyCar Series as well as on dramatic changes to the Indianapolis Motor
Speedway to accommodate an ill-fated alliance with Formula One.
SpeedTV's Robin Miller estimates George has spent more than $600 million
during the last 13 years.
Rumors about a family takeover by his sisters were heard throughout the
month of May at the Indianapolis 500, although none of those involved
would go on the record to talk about the Hulman-George feud.
George's wife, Laura, lost her job as a staff advisor at the Speedway a
few weeks ago.
George had turned the day-to-day controls of the Indianapolis Motor
Speedway over to Joie Chitwood, III, who became president five years ago
and stepped away from running the IRL in 2005 when he started his own
IndyCar team, Vision Racing.
The IRL is run by Terry Angstadt and Brian Barnhart, while George
remained the CEO.
But it was George who finally helped end the open-wheel racing war when
he reached an agreement with Kevin Kalkhoven of Champ Car in 2008. Champ
Car agreed to cease operation with its teams joining IndyCar. George
made the transition easier by giving the Champ Car teams free cars and
engines for the 2008 season. Those teams had to pay for their equipment
in 2009.
George was named president of the Indianapolis Motor Speedway in January
1990. He attempted to buy CART in 1991 but was quickly turned down by
the rival car owners.
George also broke with tradition by bringing NASCAR to the Indianapolis
Motor Speedway with the Inaugural Brickyard 400 in 1994. He brought
Formula One to the track with the United States Grand Prix in 2000.
An interim replacement will be named. Former Lowe's Motor Speedway
president and general manager Humpy Wheeler attended his first
Indianapolis 500 since 1969 on Sunday, and when asked if he would be
interested in being a consultant for either the Speedway or the IndyCar
Series, Wheeler said, "Yes, I would consider that."
Wheeler spent close to 40 years trying to promote the Coca-Cola 600
NASCAR race as the biggest of the day on Memorial Day Weekend, but even
he admitted that was futile.
NASCAR may be the biggest racing series in the United States, but the
Indianapolis 500 remains an event of historic proportions.
"Catching this race and passing it while I was alive would be
impossible," Wheeler admitted. "Having to run on the same day was the
tough thing. I did think when the races were spread out a little bit and
guys could run both on the same day added some drama to everybody's day.
That was fun."
It was Wheeler's first Indy 500 since he worked for Firestone from 1964-69.
Indianapolis Motor Speedway president Joie Chitwood III invited Wheeler
and his wife to be his guest for this year's Indy 500 as the Speedway
celebrates its Centennial.
Wheeler was ousted as the president and general manager of Lowe's Motor
Speedway and at Speedway Motorsports, Inc. last year. The 2008 Coca-Cola
600 was Wheeler's final race at the helm of the track in Concord, North
Carolina.
Although rumors were rampant that George was at odds with his sisters,
little did anyone expect he would also be ousted two days after the 93rd
Indianapolis 500.