The CART racing series could win court approval of
its proposed sale to a group of team owners by Jan. 28 under a plan a bankruptcy
judge approved Tuesday in Indianapolis
source: buffalonews.com U.S. District Judge Frank J. Otte's approval of CART's proposed sales procedures came two weeks after the series filed for Chapter 11 bankruptcy protection as part of an agreement with the series' buyers, Open Wheel Racing Series LLC. Otte overruled objections to the sales procedures and scheduled Jan. 23 as the deadline for alternative bids for Indianapolis-based CART's assets.
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