Formula Forsythe

SEPTEMBER 13, 2002

Formula Forsythe

CART has voted to change its statutes to allow Gerald Forsythe to increase his ownership of the series to 23%. Until recently it was impossible for anyone to hold more than 15% of the business.

Although the company says there are no plans for the business to be taken over, the change is a move towards a situation in which CART could be taken private again and remove itself from the New York Stock Exchange. This will make it much easier for CART to be run in a flexible manner - without having to worry about the reaction of shareholders.

Forsythe has been at the forefront of the moves to keep CART alive, including a recent bid to hire Jacques Villeneuve for the 2003 season.

Other stories for SEPTEMBER 13, 2002

ARROWS FUTURE CLOUDED AS TOYOTA DEAL FLOPS

VERSTAPPEN AND MINARDI

FRIDAY PHOTOS

FERRARI SETS THE PACE IN ITALY

ENGE IN POSITION FOR F3000 TITLE

CANNABIS WAS FOUND IN ENGE'S SYSTEM

MICHAEL LEADS FIRST PRACTICE AT MONZA

NO RACE TRACK ON NAGATINO ISLAND

FORMULA FORSYTHE

JORDAN MOURNS LOSS OF PHYSIOTHERAPIST