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By The Sports Xchange October 12, 2012 2:00 PM
A Tony George-led group has made an offer to Hulman & Co. for the IndyCar Series, according to a SportsBusiness Journal report, citing sources. The proposal Indianapolis Motor Speedway owner included a seven-figure cash offer to control management and absorb future losses for the series, which reportedly lost $7 million this year. George didn't return calls from SportsBusiness Journal seeking comment. A Hulman & Co. spokesman said, "We're not going to confirm or deny what we get because we get unsolicited proposals all the time. The series isn't for sale."