IRG Acquires Southwestern Int’l Raceway
“We are very fortunate for a group like IRG to believe in our city and track, and we look forward to a bright future for drag racing in Arizona,” noted former owner/operator Jon Bradford.
“The Southwestern Fair Commission is very excited to have IRG Sports + Entertainment as the new operator of Southwestern Int’l Raceway,” said Jon Baker, Executive Director of the Southwest Fair Commission. “IRG’s commitment to the sport of drag racing is proven – and a clear win for drag racing enthusiasts in Arizona and the entire southwest. We look forward to a great partnership, and the success that SWIR will realize under their leadership.”
The IRG ownership group is led by managing partners, Michael Dezer and Gil Dezer of Dezer Properties, Joseph Lubeck of Landmark Apartment Trust of America, Inc., Edward Kobel of DeBartolo Development, and Jason Rittenberry, chief executive of the company. In 2008, the group purchased the historic Moroso Motorsports Park in Jupiter, Fla.
After an 18‐month, $30 million dollar renovation, the facility was re‐launched as the state‐of‐the‐art Palm Beach Int’l Raceway (PBIR) along with the private membership club, Palm Beach Driving Club. In 2011, the group acquired Memphis Int’l Raceway (MIR) in Memphis, Tenn., from Dover Motorsports, Inc., and in 2013, acquired the International Hot Rod Ass’n (IHRA) from Feld Entertainment, Inc. Murray D. Schwartz, Esq. served as outside legal counsel for IRG Sports + Entertainment and has been added to the Board of IRG Sports + Entertainment.
IRG will immediately take control of the operations of the track and has retained the General Manager, John Mabry, and key staff in the areas of customer service, accounting and track management. An enhanced brand identity for SWIR is in development while the newly redesigned website for the track will launch in the coming weeks.
IRG will continue to operate the remainder of the events on the 2013 schedule at SWIR, while adding new additional events for the 2014 season.