Page 18 - ARUBA TODAY

A18
Wednesday 9 May 2018

AP source:
LeBroom!

In this Nov. 19, 2017, file photo,
Brian France, NASCAR Chair-
man and CEO, ponders a
question during a news con-
ference at Homestead-Miami
Speedway in Homestead, Fla.
Associated Press

By JENNA FRYER
CHARLOTTE, N.C. (AP) —
The president of NASCAR
told employees Tuesday
the France family that
owns a majority stake in the
nation's top auto racing se-
ries "remains dedicated to
the long term growth of our
sport" following a report of
a possible sale.
President Brent Dewar sent
a memo to staff one day
after a media report said
the France family was ex-
ploring a potential sale of
its NASCAR holdings. The
Associated Press received
a copy of the memo from
a person who shared it on
condition of anonymity
due to the sensitive nature
of the topic.
Dewar wrote in the memo
that NASCAR does not
comment on "industry ru-
mors" but did not specifi-
cally address a possible
deal by the France family.
"For over 70 years, the
France family has worked
hard to invest in the sport of
NASCAR, including our re-
cent acquisitions of ARCA,"
Dewar wrote, referring to
the recent purchase of the
Automobile Racing Series
of America, a lower-tier
stock car series that some-
times races in conjunction
with NASCAR events. James, Cavs sweep Raptors to make conference finals
NASCAR has struggled with
recent ratings and atten-
dance declines and sever-
al big-name sponsors have Cleveland Cavaliers' LeBron James (23) shoots against Toronto Raptors' OG Anunoby (3), from England, in the first half of Game 4 of
scaled back or pulled out. an NBA basketball second-round playoff series, Monday, May 7, 2018, in Cleveland.
Associated Press
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