SPEED: Tony George ousted from control of Indianapolis Motor Speedway

SPEED is reporting that Tony George was voted out of power (mostly by his own family members) during an Indianapolis Motor Speedway board meeting on Tuesday evening.

George was at IMS' helm for the past 20 years and was a key player in the IRL / ChampCar split/feud, as well as the introduction of NASCAR, F1 and motorcycles to IMS' annual schedule. George will reportedly continue as CEO of the IndyCar series.

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And your prize is.... NO RACE FOR YOU

From IMS

IMS WINS PRESTIGIOUS FORMULA ONE PROMOTIONAL AWARD

INDIANAPOLIS, Monday, Dec. 10, 2007 ­ The Indianapolis Motor Speedway has won the FIA Formula One Promotional Trophy, presented to the best promoter and event organizer in Formula One each year.

Indianapolis Motor Speedway CEO Tony George accepted the trophy during the season-ending FIA Gala awards ceremony Dec. 7 in Monaco. It's the second time in seven years IMS has won the award, also capturing the honor in 2000 after the inaugural United States Grand Prix at Indianapolis.

"The Indianapolis Motor Speedway has enjoyed hosting the FIA Formula One World Championship and the United States Grand Prix since 2000," George said. "On behalf of our dedicated employees, the citizens of Indianapolis and all of the fans who have supported the event, we appreciate being recognized with this honor."

IMS played host to Formula One from 2000-07 on a 2.605-mile road course that incorporated part of the historic oval. The race is not on the 2008 Formula One schedule.