Tony George's bid to put his main competitor out of business failed Wednesday when a U.S. Bankruptcy Court judge approved the sale of bankrupt Championship Auto Racing Teams to a group intent on keeping the series alive. George began the day hoping to make his Indy Racing League the only game in town. He ended it a gracious loser after his $13.5 million bid was rejected by Judge Frank J. Otte at the end of a daylong hearing in a packed courtroom at the Birch Bayh Federal Building and Courthouse. Moments after Otte rendered his verdict, evoking cheers from many...