BREAKING NEWS: Reuters: France Family looking to sell Daytona-based NASCAR

By HENRY FREDERICK
Headline Surfer

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.

 

 

 

 

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Henry Frederick is publisher of Headline Surfer®, the award-winning 24/7 internet news outlet covering the Daytona Beach-Sanford-Orlando metro area via HeadlineSurfer.com since 2008. A longtime cops & courts reporter focused on breaking news & investigative reporting, Frederick is among the Sunshine State's most prolific daily news reporters, having amassed close to a hundred award-winning byline stories nearly evenly split in print and digital platforms. Frederick earned his Master of Arts in New Media Journalism with academic honors from Full Sail University in Winter Park in February 2019. He was a metro reporter with the Daytona Beach News-Journal for nearly a decade and then served as a city editor for the Taunton Daily Gazette in Taunton, Mass, while maintaining a residence in Central Florida. Prior to moving to Florida, Frederick was a metro reporter for the Rockland Journal-News in West Nyack, NY, for seven years. Headline Surfer was named the Sunshine State's top internet news site by the Florida Press Club in 2018.