IndyCar »

George denies IMS 'oust' claims

Indianapolis Motor Speedway president Tony George has denied rumours that he has been removed from power at the Brickyard, following rumours citing the end of his reign.

Contradicting reports of his dismissal, a statement issued by George revealed that his summons to an IMS board meeting on Tuesday had been to discuss means of improving the image of the Indy Racing League, and ways in which he could concentrate his energies in that direction.

“Contrary to published reports, I continue to serve as CEO of IMS," he wrote, "Our board of directors met yesterday, and we did discuss how to best confront challenges and exploit opportunities facing our businesses. This is nothing new and is something that we continually do as a board. But no changes in leadership or responsibility have been made.

"We don't normally comment on board deliberations concerning our family business. However, the widespread, inaccurate reports and rumours caused my mother and me to conclude that it was necessary to set the record straight. If changes are made in the management of the company that are newsworthy, we will announce them when they are made.

"I am still CEO and still president of Indianapolis Motor Speedway Corporation, Hulman and Company, and CEO of the Indy Racing League."

Chairman of the board, and George's mother, Mari Hulman George, was also quoted by the statement confirming that the unified IndyCar Series now represented an opportunity for the future that needed to be harnessed.

"There was a general discussion about the challenges and opportunities facing all of our companies and where most of our energies need to be spent," she wrote, "All of our properties are doing well, given the challenges of the current economy, [but] the Indy Racing League represents our greatest growth opportunity and therefore deserves the most attention at this point."

According to the Indianapolis Star newspaper, Hulman George also confirmed that there had been no move to remove her son from the roles he has held since 1990.

"There haven't been any changes," she insisted, "We just discussed things like we usually do and how to make things better."

George himself has admitted that the entire empire takes a lot of time and money to keep in shape, but agrees that the the IndyCar Series, particularly now that it has secured the position of premier open-wheel series in the US, needs nurturing.

Speedtv.com claims that, 'between paying purses, supplying cars, engines and parts for other teams, hiring high-powered public relations firms and starting his own IRL team' - plus remaking Indianapolis Motor Speedway to accomodate Formula One - George has spent more than $600m during the past 13 years.

"Certainly, the Indy Racing League has, in the past, required a lot of capital to keep it going when there were two competing series, and a lot of money was spent last year trying to unify. We got that done and everybody's hoping to catch a tailwind, but the economy's in our face. We're just dealing with that.”

The 2009 IndyCar Series continues this weekend at the Milwaukee Mile, one week on from the Indianapolis 500.


Related Pictures

Click on relevant pic to enlarge
Tony George, Homestead Open Testing [Pic credit: IndyCar Media]
Graham Rahal celebrates victory in the Firestone 600 at Texas Motor Speedway   (image credit: IndyCar Media/Chris Owens)
Firestone tyres during Indianapolis test   [pic credit: Indycar media/Chris Owens]
Carlos Munoz celebrates his first IndyCar pole at Texas Motor Speedway
Alex Rossi, Indy 500 [Credit: IndyCar]
Marco Andretti - Andretti Autosport   [pic credit: IndyCar Media/Joe Skibinski]
Matt Brabham to contest 2016 Indianapolis 500 with Pirtek and Team Murray
Matt Brabham to contest 2016 Indianapolis 500 with Pirtek and Team Murray
Justin Wilson speaks with Oriol Servia in pit lane (Photo by: Jim Haines for IndyCar Media)
Justin Wilson with a light moment prior to his qualification attempt for the MAVTV 500 at Auto Club Speedway (Photo by: Joe Skibinski for IndyCar Media)
Justin Wilson stands in Gasoline Alley at the Indianapolis Motor Speedway during the 2015 Indianapolis 500 (Photo by: Chris Owens for IndyCar Media)
Ryan Hunter-Reay celebrates in Victory Lane after winning the Iowa Corn 300 at Iowa Speedway (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay celebrates in Victory Lane after winning the Iowa Corn 300 at Iowa Speedway (Photo by: Chris Owens for IndyCar Media)
Sage Karam, driver of the #8 Comfort Revolution/Big Machine Records Chip Ganassi Racing Chevrolet IndyCar V6, celebrates his third-place finish Saturday, July 18, 2015, during the Verizon IndyCar Series Iowa Corn 300 at Iowa Speedway in Newton, Iowa. (Photo by Phillip Abbott/LAT for Chevy Racing)
Josef Newgarden, driver of the #67 Wichita State University CFH Racing Chevrolet V6 IndyCar, celebrates his second-place finish Saturday, July 18, 2015, during the Verizon IndyCar Series Iowa Corn 300 at Iowa Speedway in Newton, Iowa. (Photo by Phillip Abbott/LAT for Chevy Racing)
Sage Karam, driver of the #8 Comfort Revolution/Big Machine Records Chip Ganassi Racing Chevrolet IndyCar V6, races to a third-place finish Saturday, July 18, 2015, during the Verizon IndyCar Series Iowa Corn 300 at Iowa Speedway in Newton, Iowa. (Photo by Scott R. LePage/LAT for Chevy Racing)
Josef Newgarden, driver of the #67 Wichita State University CFH Racing Chevrolet V6 IndyCar, races to a second-place finish Saturday, July 18, 2015, during the Verizon IndyCar Series Iowa Corn 300 at Iowa Speedway in Newton, Iowa. (Photo by Scott R. LePage/LAT for Chevy Racing)
Ryan Hunter-Reay celebrates in Victory Lane after winning the Iowa Corn 300 at Iowa Speedway (Photo by: Chris Jones for IndyCar Media)

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


Steve - Unregistered

May 28, 2009 11:16 AM

Oh good, let him ruin US open wheel racing, destroy the best open wheel racing series on the planet, replace it with a highly substandard series in pathetic race cars with, mostly, pathetic drivers, and then get rid of him! The reason IRL is viewed so badly is because Champ Car, before Tony George got involved, was a legendary series with legendary drivers, superb race cars (though the Panoz chassis wasnt as good as back in the CART days), superb venues, superb racing and was a firm fan favourite. It was replaced, by Tony George's greed, with sub-standard cars, drivers and racing. For that reason alone i will never watch the IRL and hope that someday an oil billionaire resurrects CCWS!



© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.