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Late Racing News.(team management news)(Brief Article)
Grosfeld out
* Investor James Grosfeld's resignation from CART's board of directors has prompted more speculation about CART's ownership and management structure. Grosfeld quit the week before the Toronto race, as CART stock was selling for $8.62 per share on the New York exchange. Grosfeld had pushed his way into the CART picture last fall, when he was appointed to the board by former CEO Joe Heitzler after acquiring 10 percent of CART's stock over the previous six months. Grosfeld then proceeded to initiate Heitzler's ouster. CART's official announcement cited personal reasons for Grosfeld's resignation; in Toronto, CEO Christopher Pook would not elaborate. As yet, there is no indication Grosfeld plans to dump his stock, and Pook said he doesn't anticipate such a move.
Who will replace him?
* Pook said he has a candidate, but wouldn't name names. CART's board has only three team owners, and the CEO has said previously that he'd like four or five.
Forsythe up
* Whether or not Grosfeld plans to sell his CART stock, team owner Gerald Forsythe is buying more. The Player's/Forsythe Racing owner accumulated 217,000 more shares in May at $9 to $14 per share, according to documents filed with the SEC. That brings Forsythe's count to 2.15 million shares, or 14.6 percent of CART's total. Until recently Forsythe was CART's largest single shareholder. Yet in a matter of weeks this spring, a mystery investor named Glen J. Krevlin and five companies owned or controlled by Krevlin acquired 3,690,000 ...
- 24 Hours of Le Mans Drives Millions of Worldwide Fans to the Web with the Help...
- Press release article from: Business Wire June 14, 2002 700+ words
...section of the 24 Hours of Le Mans web site. Once the images...integrated with the 24 Hours of Le Mans site. The first site...commerce engine and shopping cart. The second site, which...the event. "24 Hours of Le Mans is one of the marquee racing...
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- Newspaper article from: Knight Ridder/Tribune News Service Kallmann, Dave July 31, 2002 700+ words
...and his rivals. The American Le Mans series, started by entrepreneur...nothing but good things," from CART champions Mario Andretti, at Le Mans, and Bobby Rahal, over dinner...Herta both raced at the track in CART, and GTS class leader Ron Fellows...
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- Press release article from: PR Newswire July 19, 2002 700+ words
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- Press release article from: PR Newswire June 14, 2000 700+ words
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- Newspaper article from: Reforma (México D.F., México) June 15, 2002 700+ words
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- Newspaper article from: Daily Press (Newport News, VA) June 28, 2006 700+ words
...t saying much. But as Le Mans shuts down, Web sites run...determined what will happen to Le Mans' 49 racecars after the...mileage total for the entire Le Mans fleet amounts to an average...have replaced each go-cart-like engine every five...
- Postergan la Le Mans.(Deportes)
- Newspaper article from: Reforma (México D.F., México) March 8, 2003 700+ words
...autos prototipos. "Fue una decisin de Le Mans junto con CIE para poder organizar un...promotora de las carreras de la Serie CART en Mxico y Monterrey. Escamilla mencion...visita de los blidos de la American Le Mans Series al circuito de la Magdalena Mixhuca...
- Seran 24 arduas horas en Le Mans.(Automotriz)
- Newspaper article from: Reforma (México D.F., México) May 25, 2002 700+ words
...pruebas, las 24 horas de Le Mans, que se corrern el 15 y...Mnaco). Las 24 horas de Le Mans, que se son toda una tradicin...circuitos de la Frmula 1 de CART se corre igual o ms rpido...dura a lo sumo 3 horas. En Le Mans, el reto es mantener ese...