*1.7 million to Chip to run Dixon
*Slashing Rockingham's sanction fee by almost $2 million
*Picking up $900,000 in travel expense that Lausitzring used to pay
*Spending $4 million to buy Cosworth engines for next year
*Giving ISC $250,000 for the right to the last race of the year and movin it to Mexico
*Guaranteeing a $2 million municipal loan to Raceworks
*Receiving only $125,000 from the Mexico City promoter
*Renewing the Miluwaukee Mile contract until 04 at a 10% increase but with no annual escalator
*Allowing Milwaukee Mile promoter the option to stage the race in 03/04
*Distributed $667100 in assistance to certain teams to ensure their necessary participation
*John Judd filing suit for $20 million in damages
*$630,000 Lausitzring failed to pay by last Jan. 1
*The reconciliation of the March 6 financial guidance by CART CEO Chris Pook and the multi-million-dollar losses on its CBS/Speed contract,the self-promoted Chicago race, and the constant growing General & Administrative
Man, who is running that League? Investor's are pulling out and stock prices continue to fall! It sure does not look good for CART.
I for one would like to see them turn it around, but get out of oval track racing. Time will tell.
*Slashing Rockingham's sanction fee by almost $2 million
*Picking up $900,000 in travel expense that Lausitzring used to pay
*Spending $4 million to buy Cosworth engines for next year
*Giving ISC $250,000 for the right to the last race of the year and movin it to Mexico
*Guaranteeing a $2 million municipal loan to Raceworks
*Receiving only $125,000 from the Mexico City promoter
*Renewing the Miluwaukee Mile contract until 04 at a 10% increase but with no annual escalator
*Allowing Milwaukee Mile promoter the option to stage the race in 03/04
*Distributed $667100 in assistance to certain teams to ensure their necessary participation
*John Judd filing suit for $20 million in damages
*$630,000 Lausitzring failed to pay by last Jan. 1
*The reconciliation of the March 6 financial guidance by CART CEO Chris Pook and the multi-million-dollar losses on its CBS/Speed contract,the self-promoted Chicago race, and the constant growing General & Administrative
Man, who is running that League? Investor's are pulling out and stock prices continue to fall! It sure does not look good for CART.
I for one would like to see them turn it around, but get out of oval track racing. Time will tell.
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