Irl's Bid for Some Cart Assets Muddles Future

The Columbian (January 23, 2004)

Author: Steve Herman, Associated Press Writer

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Summary

INDIANAPOLIS - The Indy Racing League submitted a bid Thursday to buy some of the assets of the bankrupt Championship Auto Racing Teams, the rival open-wheel racing series a group of CART team owners plans to buy.

The IRL's competing bid, which further clouds CART's immediate future, was submitted to CART attorneys and creditors about 16 hours before today's bid-submission deadline set in CART's Chapter 11 case.

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Extract

Irl's Bid for Some Cart Assets Muddles Future

IRL spokesman Fred Nation declined to say what specific assets the IRL is seeking ...

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