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."