Council disappointed in 24 Hour race decision
In a press conference in Sydney at 12pm today, Chairman of Procar's Palmer Group, Frank Slowiak announced that the company was handing all rights to the Bathurst 24 Hour and Procar Champ Series to the Confederation of Australian Motor Sport (CAMS).
Council Administrator Kath Knowles said Council was disappointed in the decision by Procar but was not giving up hope that the event would still run this November.
"It is unfortunate that Procar under the Palmer Group are unable to continue running the event that they created but Council is very hopeful that this is not the end of this wonderful event.
"Council is prepared make a considerable commitment with any serious race promoter to see the event run but at the same time there are limits on the risks we will take with ratepayers funds.
"However it is in the interest of the Region, given the significant investment taking place at Mount Panorama and the international exposure generated in the first years, that this unique event continue and Council hopes that Procar's decision to hand over the event rights leads to a positive outcome for all concerned.
"The 24 Hour Race is a fantastic event for our Region and for Australia and Council will continue to support the event organisers in any reasonable way to see that this unique event continues into the future."