It's Happening C^RT Fans!!

[¡As-de-mim!]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 3

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Shares owned
Common Stock 3377400 I (1) See footnote. (1)
Common Stock 3377400 I (2) See footnote. (2)
Common Stock 3377400 I (3) See footnote. (3)
Common Stock 3377400 I (4) See footnote. (4)
Common Stock 3377400 I (5) See footnote. (5)
Common Stock 3377400 I (6) See footnote. (6)

Reporting Owners
Reporting Owner Name / Address Relationships

OPEN WHEEL RACING SERIES LLC
275 Middlefield Road, Second Floor
Menlo Park, CA 94025

21ST CENTURY RACING HOLDINGS LLC

KALKHOVEN KEVIN

WILLIS CAPITAL LLC

BIG BANG RACING LLC

GENTILOZZI PAUL VICTOR


Signatures
/s/ Kevin Kalkhoven 8/15/2003
** Signature of Reporting Person Date

/s/ Kevin Kalkhoven, manager of 21st Century Racing Holdings LLC 8/15/2003
** Signature of Reporting Person Date

/s/ Kevin Kalkhoven, attorney-in-fact for Paul Gentilozzi 8/15/2003
** Signature of Reporting Person Date

/s/ Kevin Kalkhoven, manager of Open Wheel Racing Series LLC 8/15/2003
** Signature of Reporting Person Date

/s/ Kevin Kalkhoven, attorney-in-fact for Willis Capital, L.L.C. 8/15/2003
** Signature of Reporting Person Date

/s/ Kevin Kalkhoven, attorney-in-fact for Big Bang Racing LLC 8/15/2003
** Signature of Reporting Person Date


http://www.shareholder.com/cart/Edga...7403&SID=03-00

TG and Pimpski

[Tailwind]

OK. I’m ignorant on this stuff. Can you explain to me just exactly what this is? Also, who are Willis Capital, Big Bang Racing, and 21st Century Racing Holdings and who runs them?:confused:

[GoFaster]

Somethings in the works..
http://www.sec.gov/Archives/edgar/da...weatonsform13g 081503.txt

[GoFaster]

Sorry..bad link above

[GoFaster]

<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>weatonsform13g081503.txt
<DESCRIPTION>SCHEDULE 13G CHAMPIONSHIP AUTO RACING TEAMS, INC.
<TEXT>

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934




(AMENDMENT NO. *)
--------

CHAMPIONSHIP AUTO RACING TEAMS INC.
-----------------------------------
(Name of Issuer)




Common Stock, par value $.01 per share
(Title of Class of Securities)




158 711 101
-----------
(CUSIP Number)




AUGUST 7, 2003
--------------
(Date of Event Which Requires Filing of this Statement)




Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

*SEE INSTRUCTIONS BEFORE FILLING OUT

<PAGE>
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON: S.S OR IRS IDENTIFICATION NOS.

WEATONS HOLDINGS LIMITED BUSINESS #
REGISTERED IN ONTARIO, CANADA 8686 82295 RP0001

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)
(b)

3. SEC USE ONLY


4. CITIZENSHIP OR PLACE OF ORGANIZATION
ONTARIO, CANADA


Number of Shares 5. SOLE VOTING POWER 920,900
Beneficially Owned
by Each Reporting
Person with 6. SHARED VOTING POWER 0

7. SOLE DISPOSITIVE POWER 920,900

8. SHARED DISPOSITIVE POWER 0

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

920,000

10. CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

6.3%

12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN


ITEM 1.(a) NAME OF ISSUER

CHAMPIONSHIP AUTO RACING TEAMS INC.

ITEM 1.(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

5350 LAKEVIEW PARKWAY SOUTH DRIVE
INDIANAPOLIS INDIANA 46268 USA

ITEM 2.(a) NAME OF PERSON FILING

WEATONS HOLDINGS LIMITED
<PAGE>


ITEM 2.(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

17485 McLAREN ROAD, CALEDON ONTARIO
CANADA L0N 1C0

ITEM 2.(c) CITIZENSHIP

CANADIAN

ITEM 2.(d) TITLE OF CLASS OF SECURITIES

COMMON STOCK, PAR VALUE $.01 PER SHARE

ITEM 2.(e) CUSIP NUMBER

158 711 101

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-l(b) OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:

NOT APPLICABLE

ITEM 4. OWNERSHIP

(a) AMOUNT BENEFICIALLY OWNED 920,900


ITEM 4.(b) PERCENT OF CLASS

6.3%

ITEM 4.(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS

(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE 920,900

(ii) SHARED POWER TO VOTE OR DIRECT THE VOTE 0

(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF 920,900

(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF 0

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS N/A


ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON N/A


ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY N/A


ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP N/A

<PAGE>

ITEM 9. NOTICE OF DISSOLUTION OF GROUP N/A

ITEM 10. CERTIFICATION By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.



SIGNATURE.

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

WEATONS HOLDING LIMITED



By: /s/ Michael Smith
------------------------------------

Title: Chairman
---------------------------------

Date: August 13, 2003
---------------------------------

Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).


</TEXT>
</DOCUMENT>

[¡As-de-mim!]

This is an SEC filing of stock ownership. Open Wheel Racing Series LLC appears to be the umbrella company for the new C^RT owners.
21st Century Racing Holdings LLC is Kevin Kalkhoven's company. Paul Gentilozzi's company appears to be Big Bang Racing LLC, which is a partner with Open Wheel Racing. Willis Capital, L.L.C. appears to be a Forsythe company.

Name: Kevin Kalkhoven
Address: 275 Middlefield Road, Second Floor
Menlo Park, CA 94025

Name: 21st Century Racing Holdings LLC
Address: 275 Middlefield Road, Second Floor
Menlo Park, CA 94025

Name: Willis Capital, L.L.C.
Address: 1111 Willis Avenue
Wheeling, IL 60090

Name: Big Bang Racing LLC
Address: 201 N Washington Street, Suite 900
Lansing, MI 48933

Name: Paul Gentilozzi
Address: 1305 South Washington St, Suite 102
Lansing, MI 49810

So it really means that we won't be getting many more visits from indytool.

[DNQ]

I still don't really understand

[Emfa]

Wow! Looks like it's all starting to come together. With Kalkhoven's signature all over that thing, it looks like he may be the "main man."

Originally posted by DNQ
I still don't really understand

Picture Open Wheel Racing Series LLC being the company that will take CART private...

[Tailwind]

Thanks ¡As-de-mim! So I don't see Bernie, Pollock, or Newman.

[¡As-de-mim!]

Originally posted by DNQ
I still don't really understand

It means you won'tr be seeing PT in neckcar anytime soon.

[Tailwind]

OK so Gentilozzi and Forsythe are racing men to their core. Kalkhoven is a great businessman, but he has only been in racing for one season. He can handle the business part of this thing, but does he have passion for the sport? I don't want to knock the guy because right now he apears to be a knight on a white horse, but I would like to see a guy with methenol in his veins. (or gas, JP-8, Avgas...) This looks good to me from here.

Emfa, are you going to the Denver Grand Prix?

[Omega99]

I gotta say, I'm with most of the people here who have no idea what the deal is with all the legal specifics and crazy forms, but I can at least tell the CART is owned privately again. And I've got to say, it's about ******* time! So I am to understand that it is Gentilozzi, Forsythe, and Kalkhoven are the only holders, or could other people be involved in the holding groups that you reffered to as "umbrella companies"? I'd sort of hope Rahal and Newman are involved, as they seem to have a valuable attachment to tracks like Laguna Seca, Mid-Ohio, and Elkhart Lake.... And I half expected to see Mario's name pop up somewhere...

At any rate, this is not bad news. High fives all around... come on guys, don't leave me hanging...

Drinks at my place!!! (BYOB)

[¡As-de-mim!]

There is still alot of room for others to join in. But I think the group has enough shares to start the buyout/privatization proceedings.

[DNQ]

Oh righto, well that's bloody good news then. I thought that was what was happening, but I didn't wanna jump the gun

[Emfa]

Interesting to note that 3377400 shares are 22.9% of the company - which is exactly what Forsythe has been holding. What does this move do to the holdings of the company?

I thought that I read somewhere that Kalkhoven has done some (amateur?) racing at some stage. He has only been a CART team owner this year, but I think his involvement in racing goes back a bit further.

Tailwind, I plan on being up in Denver for at least part of the weekend. Will you be there?

[Tailwind]

Emfa. I should be there Fri thru Sun if all goes right at work. If we can figure out a way to meet up, I'd be up for buying you a beer.

[sgw2]

Here is what it means:

Gerald Forsythe has recuited two partners and is himslef now a minority holder (Willis Capitol shares adress with Indeck Power). Kevin Kalkhoven appears to control three of the six entities (himself, 21st Century Racing Haoldings, and Open Wheel Racing Series), while Paul Gentilozzi controls two (Big Bang Racing and himself of course).

Thus Forsythe's 3,377,400 shares (22.95%) are now held as follows:

50% Kalkhoven, 33.3% Gentilozzi, 16.7% Forsythe

Another 920,900 shares (6.26%) was bought up on the market by George Eaton (his address is on the form), of Eaton family (Eaton's) fame. He appears to be a freindly. He may be a passive part of the buying group, or simply a proxy holding shares to sell to the above group. It should be noted that Weatons Holding Ltd. listed CART HQ as their address. So I strongly suspect he is friendly. (NOTE: his shares were bought in the open market, mostly at $1.45-1.50 price range.)

The "freindlies" thus control 4,298,300 shares (29.2%) of MPH.

That leave 10,419,834 shares not in the control of the buying group. Including 1,255,000 (8.53%) held by Jonathon Vannini. So there is still a long way to go.

Also Chris Pook has to swallow his pride and sign the settlement of Joe Heitzler for $2M, including an admission of defanation of character and wrongful termination by Pook.

(Advice to Chris Pook, "Now ... you may feel a slight sting, that's pride ... pride messing with your mind ... Pride only hurts, it never helps" from Marsellus in Pulp Fiction )

Clearly also Paul Newman, whose comments helped spike MPH's price, is one of those whom Paul Gentilozzi had in mind when he said those talking had no knowledge of what is going on. He is not in the buying group.

If this group closes the deal, then we have a picture of next year. Expect two cars from PKR, one maybe two from Rocketsports, and one from Forsythe. If they move fast the Mexicans should be back, as well as one or two cars from Newman-Haas.

Very interesting.

[macdaddy]

Very interesting indeed. Turn the power back on and... BANG!
No Bernie. No Pollack. No Newman. No Andretti.
Very interesting indeed.

Thanks for the info, everybody.

[Jordi]

Interesting. I now just want easy explanations in a PR at CART.com, that would mean it's all sealed...

[JR Ewing]

Just because someone holds shares now does not, of course, mean that binding agreements are not in place for those shares to be transferred on in the future...

[BootsOntheSide]

It sounds encouraging. Things aren't sealed yet, we can't be sure that CART will exist in 2004, but it looks more than likely. These guys have put enough money in for it to be clear thatt they will go to a lot of effort to avoid the series gong under, and they probably have more money on offer in reserve (Forsythe certainly should).

Expect some official confirmation by the end of September at the latest, by which point new teams should be considering entry, the existing teams won't ahve signed over to the IRL, and maybe Nunn, Franchitti and any otehrs will still have options of returning.

[indycool]

I'm thinking that high-fives aren't in order quite yet.
Mark C. is reporting that George Eaton is an associate of Vannini's, so their combined shares are 15 percent. Vannini's against the grain on this one, so Vannini/Eaton vs. Kalkhoven/Forsythe/Gentilozzi shapes up to me as a huge proxy fight before MPH goes private and that can play itself out in any direction as the big hitters make their moves.

There is no tender offer yet and it's unlikely that will happen for some time as all these elephants jockey for position. I'd expect the stock price to go up next week if all these guys are looking for partners to buy in for more shares/votes. All are looking for a way to pay themselves to take it private.

As sgw2 said, very interesting as to how it'll all play out.

[gttouring]

so this is quite good! we have gentilozzi kalkoven(for reason i don't get) and minority forsythe(too bad he is good for champ car)Vannini make me feel wierd, i wish he was out of the game, and is Eaton really a Gentilozzi associate? afterall isn't it eaton who sponsors gentilozzi's trans-am car? (Jag,Homelink-JohnsonCOntrols, Eaton)
so we have race lovers buying into it which is good.

[¡As-de-mim!]

If the BOD allowed another entity to form with over 15% interest with the intent of them taking the company private by combining their interest with Forsythe's that would be circumventing the poison pill without informing the shareholders. That would not be in the shareholder's best interests and would give Vaninni something legitimate to sue over.

There's nothing "worst case" about this. It's the way it has to happen. A company has to be formed to tender the offer and they've done just that.

[Jay]

interesting...well it should at least put to rest those that don't (for some reason) believe that anyone is interested in taking MPH private. But, there's a long way to go yet. I'm hopeful they can get this together, so that they can make some sort of announcements as to 2004 plans ASAP.