ISC
One of the more intriguing but little-covered aspects in stock car racing is the relationship between NASCAR and ISC. For instance, none of the other major sports (NFL, MLB, NBA, etc.) own the venues where their respective events are played. In NASCAR, the France family owns both the sport as well as nearly half the tracks where they race.
It's a pretty cozy relationship. Is it too cozy? Maybe. But I'm not sure I've ever seen anyone dig deep enough into the finances and relationships.
The plaintiffs' lawyers in the Kentucky Speedway case are trying to figure it out. Good luck, folks! But really, do we really need another mile-and-a-half track on the Cup circuit?
Speaking of ISC, Dustin Long updates you on the company in today's notes. The big news, of course, is that ISC has killed off plans for another new track (the one in Washington state) and said that there's nothing imminent in Colorado.
If anyone has a few spare minutes (or weeks, really), here are the ISC's SEC filings. There's bound to be some interesting stuff in there.
Comments (2)
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Bud Selig's family still owns the Brewers. That is a pretty similar conflict of interest.
Posted on April 5, 2007 4:11 PM
It's good business to keep ISC and NASCAR seperate. That way NASCAR can make rule changes without the SEC looking over their shoulder.
Posted on April 9, 2007 4:35 PM