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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowTony George was voted out as chairman of the Indianapolis Motor Speedway last night by the IMS board of directors after 20 years in charge, SpeedTV.com is reporting.
IMS board members include George’s mother, Mari; his sisters Josie, Nancy and Kathy; attorney Jack Snyder and George himself.
George, 49, will reportedly retain his position as CEO of the Indy Racing League, which he founded in 1996. George is the grandson of Tony Hulman, who rescued the Speedway from probable demise in 1945.
A racing industry source told IBJ that Tony George’s mother and sisters became fed up with the financial losses incurred by the Speedway and Indy Racing League.
George’s dismissal comes less than one month after his wife, Laura, was removed from her job as staff adviser at the IMS.
IMS officials were not available to comment this morning, but sources said that the IMS board hopes to talk to H.A. “Humpy” Wheeler, one of the foremost promoters of NASCAR and former president of Lowe’s Motor Speedway in North Carolina, about a possible management position.
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