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8 Jul 2002, 14:39 (Ref:329448)
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#1 | ||
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Veteran
Join Date: Mar 2002
Posts: 1,754
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Is Roger Penske buying CART shares? (Elkhart Lake grapevine)
As we have debated some weeks ago, a mysterious investor based in the Cayman Islands is buying a significant amount of CART shares (CART is a company listed in the New York Stock Exchange market, under MPH).
Gossips heard in the Elkhart Lake ALMS paddock indicate that Roger Penske may be this yet-unnamed investor. Note that Penske, who has sold several of his major investments on the course of the last three years (including the much reported participation on ISC) has catapulted his wealth to a sky-high platoon. Funds would not be a problem, but the extent of his commitment to IRL - what, based on Penske's comments, has been dubious at best, even if the team is dominating the series as much as one can dominate a spec category - is the x of the equation. And remember that Penske publicly said that CART "would pay dearly for slapping my face" when his team moved to the IRL. Last edited by Muzza; 8 Jul 2002 at 14:40. |
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__________________
Visit The Motorsport Memorial |
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8 Jul 2002, 14:45 (Ref:329451)
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#2 | ||
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Veteran
Join Date: Jun 2001
Posts: 8,125
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I suppose anything's possible. Unlikely perhaps, but possible. Marlboro's days as a sponsor are limited, and after they are gone, Penske will be free to do whatever he chooses.
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__________________
Don't make a fuss, just get on the bus! |
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8 Jul 2002, 14:50 (Ref:329456)
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#3 | ||
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Veteran
Join Date: Jul 1999
Posts: 6,038
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oh dear.... Did someone say insider trading? So, maybe he intentionally devalued the stock, buys it up when it's low and, and then as it begins to climb again...
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"I used to hate writing, but now I enjoy it. I realized that the purpose of writing is to inflate weak ideas, obscure poor reasoning, and inhibit clarity. With a little practice, writing can be an intimidating and impenetrable fog!" - Calvin and Hobbes |
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8 Jul 2002, 15:09 (Ref:329468)
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#4 | ||
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Veteran
Join Date: Aug 2001
Posts: 5,035
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Hmmmm....
Would this explain why his drivers have resigned for him? |
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le bad boy |
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8 Jul 2002, 15:45 (Ref:329492)
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#5 | ||
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Veteran
Join Date: Sep 2001
Posts: 13,000
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Thesze days Roger Penske seems to be about as popular as Tom Walkinshaw, but I'm sure he has committed to the same 2 car team (De Ferran and Castroneves) in IRL next year, although I guess contracts mean very little these days.
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16 Jul 2002, 23:25 (Ref:335427)
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#6 | ||
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Rookie
Join Date: Jul 2002
Posts: 4
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how can two of the best race care drivers around in open wheel racing be happy in a series like I.R.L. All they do is turn left!!!!!!! there is know show of talent in a series like that! They must be so frustrated and i wouldn't be suprised at all to see them both back in cart very soon! Nothing like climming that wall at kansas!!!
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17 Jul 2002, 06:22 (Ref:335517)
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#7 | ||
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Veteran
Join Date: Jun 2001
Posts: 8,125
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$ + $ x $ = $$$$$
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__________________
Don't make a fuss, just get on the bus! |
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17 Jul 2002, 11:28 (Ref:335687)
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#8 | ||
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Veteran
Join Date: Jan 2002
Posts: 2,405
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I would race in CART for free!
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Stu "I think we broke something.......Traction" -Carl Edwards 19/8/06 MIS 05 - Peter Brock |
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17 Jul 2002, 16:27 (Ref:335808)
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#9 | ||
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Veteran
Join Date: Feb 1999
Posts: 12,451
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Who is Roger Penske?
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"If we won all the time, we'd be as unpopular as Ferrari, and we want to avoid that. We enjoy being a team that everybody likes." Flavio Briatore |
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17 Jul 2002, 21:31 (Ref:336037)
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#10 | ||
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Racer
Join Date: Jun 2002
Posts: 153
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I think that's The Marlboro Man's real name. You know, that cowboy guy that smokes too much. I think his horse's left front leg is crooked because it only turns left.
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"If you wait, all that happens is that you get older." - Mario Andretti |
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18 Jul 2002, 00:11 (Ref:336151)
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#11 | ||
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Veteran
Join Date: Feb 1999
Posts: 12,451
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Oh yeah. That guy.
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__________________
"If we won all the time, we'd be as unpopular as Ferrari, and we want to avoid that. We enjoy being a team that everybody likes." Flavio Briatore |
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18 Jul 2002, 05:11 (Ref:336225)
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#12 | ||
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Veteran
Join Date: Feb 2002
Posts: 4,936
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He's Mr. "I don't make drivers. I hire them."
Tie Roger, Bernie, Tony Goerge, Max Mosley, and Mike Helton to a boat anchor, and give them all the heave. 
Last edited by Lee Janotta; 18 Jul 2002 at 05:12. |
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"Put a ****ing wheel on there! Let me go out again!" -Gilles Villeneuve, Zandvoort, 1979 |
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18 Jul 2002, 10:35 (Ref:336380)
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#13 | ||
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Veteran
Join Date: Feb 1999
Posts: 12,451
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You'd be charged with water pollution.
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__________________
"If we won all the time, we'd be as unpopular as Ferrari, and we want to avoid that. We enjoy being a team that everybody likes." Flavio Briatore |
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