New Ownership Group For Mosport
A new ownership group is in control at Mosport Int'l Raceway in Bowmanville, Ontario.
TORONTO — Panoz Motor Sports Group announced the return of Mosport Int’l Raceway to its Canadian roots with its sale to Canadian Motorsport Ventures, Ltd.
Comprising that group are transportation industry leader, Al Boughton; famed Canadian racer Ron Fellows; and real-estate developer Carlo Fidani.
The new owners intend to build upon Mosport’s storied history and respected reputation to create new and exciting opportunities for race fans, corporate partners and racers on an international scale.
Recognized as Canada’s Home of Motorsports, Mosport is the country’s largest automotive performance and racing facility. It has hosted almost every class of road racing on its famed 3.96-km (2.459-mile) circuit including the American Le Mans Series presented by Tequila Patrón, Formula 1, IndyCar, stock cars, sports cars, motorcycles, motocross, showroom stock, historic vintage racers, “Big Rig” trucks and karts.
Under the new ownership, Myles Brandt will continue to serve in his role as President and General Manager at the facility.
“Myles and his staff have done an extraordinary job with Mosport,” said Dr. Don Panoz, Chairman of Panoz Motor Sports Group and Founder of the American Le Mans Series presented by Tequila Patrón. “There is no deeper tradition or racing history in Canada than what exists here at Mosport. I am personally very gratified that we have been able to help this crown jewel grow and improve for both racers and fans alike, and I am very happy to now turn it over to a group that loves this place as much as I do. And I want to say a special thank you to Ron Fellows, who has always been a true gentleman, champion and the greatest representative of Canadian racing that I have known. The fact that he is now one of the owners of Mosport is a dream come true for both of us.”
“We want to thank Panoz Motor Sports Group for making Mosport what it is today – a world-class racing venue that is host to some of North America’s best road-racing series and a place of inspiration for generations of racers in Canada,” said Boughton. “We are excited to pour our racing passion and business expertise into Mosport and look forward to working together with local government and tourism authorities to take this historic race facility to the next level in delivering the best excitement and entertainment motor racing has to offer.”
The new leadership team brings a renewed focus, fresh thinking, and a strong vision on how to maximize the potential of Mosport.
Over the next 18 months, plans include the construction of a new events and meeting facility, the restoration of current buildings and spectator facilities, and track improvements to deliver the high-caliber racing experience that drivers and fans want.
Short URL: http://www.nationalspeedsportnews.com/?p=32201
Posted by NSSN Staff
on Jun 1 2011 Filed under ALMS, Latest Headlines, Road Racing, Top Stories.
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