Report: NASCAR Majority Owners Explore Potential Sale of Company

The France family, which controls the majority stake of NASCAR, is reportedly exploring options to sell its entire share of the company, according to Reuters.

While the group is working with Goldman Sachs Group Inc. to look for a possible deal, it is still at the "exploratory stage," and there is no certainty of any agreement.

The France family has controlled the stock-car racing organization since its inception, with Bill France Sr. serving as the founder and president from 1947-1972. 

Per the NASCAR official site, Brian France is the current chairman and CEO of NASCAR, while Lesa France Kennedy is the vice chairperson. Both are the grandchildren of Bill France Sr. and the children of Bill France Jr., who was president from 1972-2003.

In 2015, Forbes listed the group as one of the richest families in the United States with a net worth of $5.7 billion across 20 family members.

Unfortunately, NASCAR's ratings are down significantly this year, with declining viewership in nearly every race. The Daytona 500 was potentially the worst in the event's history, per Matt Bonesteel of the Washington Post.

There has also been a reported drop in attendance numbers across the sport.

While Monster Energy has agreed to continue its sponsorship of the series through 2019, there are obvious question marks within the company going forward.