HMSA to Honor Charlie Gibson at the Jefferson 500

January 27, 2005, Montrose CA. Brian Redman and Cris Vandagriff of the Historic Motor Sports Association (HMSA) today announced that the Formula 70 race at this years Jefferson 500 at Summit Point Raceway in West Virginia, May 20-22 will officially be named in honor of the late Charlie Gibson. The Charlie Gibson Cup will be become an annual award presented to the winner of the Formula 70 race.

"Charlie raced these cars back in the day, and was a major supporter of their acceptance into the Vintage world" said Vandagriff. "Charlie's sprit and enthusiasm were legendary; we are honored to create this award in his name."

"Charlie Gibson was the most enthusiastic, honest and hard-working person I ever met in motor racing. He is a great loss to motor sport, his friends and family. We hope this award will perpetuate his memory and ideals." Added Brian Redman, HMSA's Director of Competition

The Formula 70 race consists of open wheel racecars from the 1970's that were raced in the North American Formula Atlantic series by some of the greats in the sport such as Bobby Rahal, Danny Sullivan, and Gilles Villeneuve.

About Charlie Gibson:

Charlie Gibson, one of the partners of Sasco Sports, ( had literally spent most of his adult life involved in car racing, and more particularly in vintage racing over the past 25 years. Born in New York in 1935, Gibson lost his life in February of 2004 in an off-track accident. He was a successful vintage and professional race-car driver, a businessman, an expert skier, and a strong supporter of motorsports safety.

Gibson attended Williams College and Harvard University, earning a Master of Science degree in Engineering at Williams and an MBA from Harvard. He later served as president of the U.S. Ski Association. In 1962 he joined IBM's marketing department, from which he retired in 1988. In 1977 he founded Sasco Sports in Fairfield, Conn., and then relocated it to Virginia in 1999.

As a driver, his credentials include racing an Austin-Healey Sprite in 1959 and a Lotus 23, in which he won the 1967 Sports Car Club of America (SCCA) G-Modified National Championship. In vintage competition, he raced, among others, a McLaren Can-Am car, a Lister-Chevy and his familiar orange-striped 1959 Lola Mk 1.

Gibson had been a major Formula 70 sponsor since its inception five years ago, Gibson, in fact, was a two-time winner of the Gilles Villeneuve Memorial Trophy, which is the top trophy for the series. He was a tremendous asset to the sport.

About HMSA

The Historic Motor Sports Association (HMSA) is the sanctioning body for the world famous Monterey Historic Automobile Races and stages the Northwest's longest running Historic weekend, the Portland Historic Races July 8th-10th, in addition to the Jefferson 500. HMSA also runs club and Targa66 events through the year. HMSA emphasizes the preservation and proper use of historic racecars at its events.