DAYTONA BEACH, Fla. -- The billionaire France Family is exploring the sale of NASCAR, according to an exclusive report from Reuters news service this afternoon.
Headlined "Exclusive: Majority owners explore sale of NASCAR - sources," Reuters opened its story stating, "The majority owners of NASCAR, the company which operates the namesake U.S. car-racing series and other motorsport events, are exploring options that include the sale of a majority stake, people familiar with the matter said on Monday."
Reuters reports, "The move comes as NASCAR grapples with an aging fan base, stricter safety rules and a competitive media landscape that have weighed on its popularity and made it less attractive to advertisers and sponsors."
The news service's report continued, "The France family, which controls NASCAR, is working with investment bank Goldman Sachs Group Inc (GS.N) to identify a potential deal for the company, three sources said, cautioning that the deliberations are at exploratory stage and no agreement of any kind is certain."
Neither officials from NASCAR nor from Goldman Sachs returned inquiries from Headline Surfer for comment, echoing the same lack of response to Reuters' inquiries. Reuters granted anonymity to the sources for its story.