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Around the League.(NEWS)
Byline: Curt Cavin
These should be glorious times for the Indy Racing League, given Helio Castro-neves's popular Indianapolis 500 win (Competition, June 1). But Indy Racing League founder Tony George's baby has never traveled an easy path.
On the heels of Castro-neves's story and a massive crowd at Indianapolis came rumblings of dissension within the Hulman-George family, which controls the entire operation. As an additional slap, Indy's TV ratings were the 500's lowest national numbers since it began airing live in 1986.
The family feud is the more troubling issue, though the soap opera has yet to play out. Speed TV reported that George, who wears many CEO hats within his family's empire, had been ousted by the board dominated by his three sisters. But George and board chairman Mari Hulman, his mother, insisted on May 27 that he's still in charge.
Yet George conceded that a new management structure could be in place soon. That is not cause for concern for the track, but it could have a dramatic impact on the IRL. The Speedway has supported the league financially for years, something George's sisters apparently are unhappy about.
The saga could play out amicably if the IRL can sign a title sponsor. More likely is a major cash infusion from a Brazilian market eager to showcase its companies and products in North America. ...
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