CHARLOTTE, N.C. — NASCAR President Brent Dewar has told employees the France family « remains dedicated to the long term growth of our sport. »
The memo was sent to employees on Tuesday, one day after a media report said the France family was exploring the sale of its stake in the nation’s top auto racing series. The Associated Press received a copy of the memo from a person who shared it on condition of anonymity due to the sensitive nature of the topic.
Dewar wrote in the memo that NASCAR does not comment on « industry rumors » but did not specifically address a possible deal by the France family, which holds the majority of NASCAR stock.
NASCAR has struggled with recent ratings and attendance declines and several big-name sponsors have scaled back or pulled out.
NASCAR had no comment on the memo when contacted by ESPN.
Information from The Associated Press was used in this report.
http://www.espn.com/racing/nascar/cup/story/_/id/23441892/france-family-dedicated-nascar-according-memo
