| | Business Summary | | Championship
Auto
Racing
Teams
Inc.
owns,
operates
and
sanctions
the
CART
FedEx
Championship,
a
North
American
open-wheel
motorsports
series.
The
Company
is
responsible
for
organizing,
marketing
and
staging
each
of
the
races
in
the
CART
Championship.
The
Company
also
owns
and
sanctions
the
Indy
Lights
Championship
and
the
Atlantic
Championship,
both
development
series
for
the
CART
Championship.
The
2001
CART
Championship
will
include
21
races
staged
in
seven
countries:
Australia,
Canada,
England,
Germany,
Japan,
Mexico
and
United
States.
The
Company
conducts
the
races
on
four
different
types
of
tracks.
Most
of
the
Company's
events
include
additional
races,
such
as
events
in
the
Indy
Lights
Championship
or
the
Atlantic
Championship,
practice
and
qualifying
rounds
for
all
racing
events,
and
automotive
and
general
entertainment
demonstrations
and
displays. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Championship
Auto
Racing
Teams
owns,
operates
and
sanctions
the
CART
open-wheel
motorsports
series
in
North
America
and
is
responsible
for
organizing,
marketing
and
staging
each
of
the
races
in
the
CART
Championship.
For
the
six
months
ended
6/30/01,
revenues
fell
20%
to
$26.2
million.
Net
income
fell
51%
to
$4
million.
Results
reflect
lower
sponsorship
revenue,
engine
leases,
rebuilds
and
wheel
sales
as
well
as
an
increase
in
administrative
and
severance
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Joseph Heitzler
Chairman,
Pres, CEO | -- | Thomas Carter, 44
CFO | -- | Michael Mills, 49
Sec.
and Gen. Counsel | -- | Keith Allo, 34
VP
of Broadcasting for CART, Inc. | -- | Roger Bailey, 58
Pres
of American Racing Series, Inc. | $326K | | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mph.gif)