The Associated Press has managed to get hold of a proposal made by George to the Hulman & Company board of directors earlier this month that called for a new management team to take over INDYCAR operations, the separation of the series from Indianapolis Motor Speedway, and a sanctioning agreement with IMS to run the Indianapolis 500.
The AP's Jenna Fryer also writes that according to the document, George and his group, ICS Acquisition, offered $5 million in cash and $25 million in reserves for stabilizing the series. But the proposal expired on Oct. 15 and four days later, George resigned from the Hulman board (citing a conflict of interest).
In addition, the document states that Just Marketing International's Zak Brown would be the CEO and commissioner under George's plan.
Call it all another chapter in a wild saga that appeared to have reached its climax with Randy Bernard stepping down yesterday as INDYCAR CEO following a three-year run (IMS CEO Jeff Belskus is currently serving as CEO of the series on an interim basis).
One could also argue that it's a rather strange one, especially considering that George was looking to take INDYCAR out of the IMS/Hulman sphere of influence; as you'll likely remember, he spent a lot of IMS/Hulman cash to help his then-Indy Racing League along during his time as leader of the sport.