Breaking News: Haas Resigns CART BOD

[Jim Wilke]

CART.com

HAAS RESIGNS POSITION ON CART BOARD OF DIRECTORS

INDIANAPOLIS (October 3, 2003)- Championship Auto Racing Teams, Inc. (NYSE: MPH) announced today that team owner Carl Haas, who along with Paul Newman are the co-owners of Newman Haas Racing, resigned his position on September 22, 2003 as a member of the Championship Auto Racing Teams, Inc. Board of Directors.

Chris Pook, CART's President and CEO, offered his thanks to Mr. Haas for the contributions he made as a Board member. "Throughout his tenure on Championship's Board of Directors, Carl has provided a wealth of experience and insight," Pook said. "We appreciate the time and effort he has devoted to CART, his vision and his support of the series, its shareholders and the sport."

Mr. Haas stated, "My resignation should not be construed as a current lack of support for CART." Mr. Newman stated, "I am committed to CART, that's the end of the discussion."

[midtown]

Will the last member to leave the boardroom remember to please turn out the lights.

Seriously, who is left on the board?:

[nascarnation]

sounds like Carl is prepping for his switch to IRL in 04

[OW fan in OK]

Originally posted by nascarnation
sounds like Carl is prepping for his switch to IRL in 04

IRL full time? Probably not. And I hope not.
But, INDY only, he will probably run it.

His BOD position has served HIMSELF well. Chasis importer, low sanction fee's for his tracks, extra money for his team, etc. With new owners there isnt any need to stay any longer, he's milked it for all he's going to get out of it.

Wonder if he thinks any lawsuits are still to pop up??

And, why wait 2 weeks to announce it???

[Defender]

When will he slither over to the IRL?

[Eagle104]

Originally posted by Defender
When will he slither over to the IRL?

finally! .. someone who gets it!

[indycool]

Patrick, Walker, Haas....an accounting guru named Biggs who was named, took a look at it for a month and quit.....very few left minding the store.

[speedvis]

Great News!

[FCYTravis]

Originally posted by indycool
very few left minding the store.

That's because the board of directors isn't needed to mind the store under private ownership. Why be on a board of directors that won't exist in less than a month?

[Jim Wilke]

Okay, if that's true, why resign from a Board that will go away in a month?

[jetdoc]

He left to avoid doing the "Perp Walk" in November!

[indycool]

Afraid he might be a little late for that, jetdoc......

[carl s]

Hey!
You-guys are hurting my feelings!!

carl s
Indio, CA

[Jim Wilke]

Originally posted by speedvis
Great News!

When was the last time there was a business development regarding CART and you thought it was bad news? Let me guess, when CART adopted pneumatic tires?

[speedvis]

Why would this be bad news?