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16 Dec 2003, 01:35 (Ref:812689) | #1 | ||
Racer
Join Date: Jun 2002
Posts: 248
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Deal Approved?
AR1 is reporting this....
-------------------------------- OWRS proposal approved by CART board Just hours ago, the CART Board of Directors approved the most recent buyout offer of Open Wheel Racing Series LLC (OWRS). After days of negotiation the CART board signed the agreement that will see OWRS buy the pieces of CART necessary to continue the business, while the rest, namely the operating company, will be submitted to the courts for bankruptcy. An official announcement will be out shortly. --------------------------------- |
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Rob |
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