Originally Posted by Lousada
It is profitable now yes I believe that. But the IRL is bleeding money that the IMS has to cover. From the looks of it, there is no improvement in the IRL at all. Worse, it's been going down for years and this year has been especially hard. If the IRL does not answer the bell it will be a huge blow to the 500 and IMS. The BY400 had a significant drop in attendance as well. I think the credit crisis is not helping sales of hospitality suites.
If the bottom line is made, perhaps there is not a lot of actual profit for the sisters left. Maybe they feel they can make more money with the revenue from a sale.
I'm just speculating for reasons why they might sell IMS. I have no idea what their actual intentions are or how their financials are.