The June 20-22 SportsCar race weekend at Mosport Park that was to feature the SPEEDVISION Cup for Stock SportsCars and the Black Magic Pro Series has been cancelled. IMSG is a private company owned and operated by a group of investors led by...
The June 20-22 SportsCar race weekend at Mosport Park that was to feature the SPEEDVISION Cup for Stock SportsCars and the Black Magic Pro Series has been cancelled.
IMSG is a private company owned and operated by a group of investors led by Seattle-based investment banker Andrew Evans. The racing subsidiaries of IMSG include SportsCar, historic Sebring International Raceway, Team Scandia of the Indy Racing League, and the Jim Epler Racing's National Hot Rod Association Top Fuel team, which features 18-year-old driver Cristen Powell.
SportsCar is the new name for the International Motor Sports Association, which IMSG purchased last September. SportsCar sanctions five different fully-sponsored series: the Exxon World SportsCar Championship, Exxon Supreme GT Series presented by Virgin Interactive, SPEEDVISION Cup for Stock SportsCars, Black Magic Pro Series and the Ferrari Challenge.
IMSG is forming a Canadian company, International Motor Sports Group Ltd., to handle the day-to-day operation of the facility, located northeast of Bowmanville. Evans will be chairman and chief executive officer of the Canadian company. Jack Long, well known in Canada for his involvement with the Toronto Molson Indy and Canadian Grand Prix, will be president and chief operating officer. Debbie Pearle and Sid Priddle, are vice-presidents. Long will oversee day-to-day operations.
Priddle, who has been involved with Canadian motorsports on a number of levels for more than 25 years, recently joined IMSG as vice-president of communications from Edelman Public Relations, where he was a vice-president. Pearle has more than 20 years experience in the financial services industry. She has been president of a mutual funds distribution company for the past three years. Prior to that she and her husband operated Heritage Financial Inc., offering fee-based financial planning for executives.
"We are extremely pleased to be coming to Canada," Evans said. "There is a strong tradition of motorsports in this country and Mosport has been synonymous with first-class motorsports for more than 30 years. It has hosted Formula 1, Indy Car, USAC, Trans-Am and other top series. Any racer who has ever competed at Mosport calls it one of the world's great facilities.
"It is our intention to build on Mosport's reputation by offering a variety of first-class events. Initially, we will review the operation
and determine what needs to be done -- both to the track and other on-site amenities -- to bring Mosport Park up to world-class standards. We want to ensure we make the right decisions."
Evans is the founder and president of Dominion Income Management Corp., of Seattle, Washington. He has been a professional investor for more than 20 years and has participated in most phases of the securities business as a trader, broker and investor in both public and private offerings.
He has raced competitively since 1982 in the SCCA Sports 2000, the Jaguar Inter-Continental Challenge, GTP Lights, Exxon World SportsCar Championship and Ferrari Challenge.
"We are delighted to be back at Mosport," Dan Greenwood, president of SCCA Pro Racing Ltd. said. "The decision to combine the Trans-Am and Professional SportsCar Racing into one highly entertaining package will make for a truly exciting weekend."
"I cant tell you how proud I am to be involved with Mosport," Evans said. "I am in the process of becoming a Canadian citizen and I look forward to the day when the Maple Leaf flag will be an integral part of all our products. And there is no better person to represent us in Canada than Jack Long."
Long has a long and successful track record here. He spearheaded the first Toronto Molson Indy, the first time in history an inaugural event was sold out. He also organized the Formula 1 Grand Prix in Montreal in 1988 and was responsible for attracting major corporate sponsors such as Bridgestone/Firestone Canada and Players to the Indy.
In addition to his extensive involvement in Canadian motorsports, Long has a history of successfully promoting events dating back to the 1970s, including Grand Prix races at Long Beach, Caesars Palace, Dallas and Detroit. He is the former executive director of IRL and has also been involved in the CART and Formula 5000 series.
"IMSG has hit a home run every time we have taken on a new challenge," Long said. "We have seen record fields and strong fan support at Exxon World SportsCar Championship races in Atlanta, Daytona and Sebring this season. And we envision great things for Mosport in the future, as well.
"For example, the ink was hardly dry on the contract before we had set up our Labor Day Weekend ticket hotline. Although we have't had a chance to set up a proper office yet, fans can call 1-800-223-6230 and leave their name, address and phone number and we will contact them as soon as plans for the weekend are complete."
Mosport was a great facility in the past and we intend to make it great again in the future. This is a great day for IMSG and, we believe, a great day for Canadian motorsports."
FOR IMMEDIATE RELEASE
Contact: Sid Priddle/IMSG (705) 431-6277
Ed Nicholls/SportsCar (813) 877-4672
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