Washington DC promoter news

Panoz Motor Sports Group joins with National Grand Prix Holdings, LLC. Cadillac Grand Prix of Washington, D.C., scheduled for June 27-29 BRASELTON, GA and WASHINGTON, D.C. (February 11, 2003) -- The Panoz Motor Sports Group, promoter of some of...

Panoz Motor Sports Group joins with National Grand Prix Holdings, LLC.
Cadillac Grand Prix of Washington, D.C., scheduled for June 27-29

BRASELTON, GA and WASHINGTON, D.C. (February 11, 2003) -- The Panoz Motor Sports Group, promoter of some of the world's most successful professional sports car racing events, has joined with the event organizers that presented last year's successful auto racing event in Washington, D.C., to create a management "superteam" for the second annual Cadillac Grand Prix of Washington, D.C.

The event, featuring the American Le Mans Series, will be held June 27-29 on a purpose-built racing circuit constructed in the north parking lots adjacent to RFK Stadium. The event will be televised by CBS Sports (live) and Eurosport.

The Panoz Motor Sports Group (PMSG) is best known for promoting The Mobil 1 Twelve Hours of Sebring at Sebring International Raceway and Petit Le Mans at Road Atlanta, both recognized around the world as premier sports car racing events. PMSG also owns the Sebring and Road Atlanta racing facilities, as well as Mosport International Raceway near Toronto, the Panoz Racing School and the American Le Mans Series.

The Panoz Motor Sports Group, which includes many of the motorsports holdings of entrepreneur Don Panoz, has joined forces with National Grand Prix Holdings, LLC, effective immediately. National Grand Prix Holdings, LLC, founded by Chris Lencheski and George DeBidart, has a long term agreement with the D.C. Sports and Entertainment Commission to stage auto racing events in the nation's capital.

The existing management team of National Grand Prix Holdings, LLC, will be augmented by the PMSG, which will also lend its expertise and experience by providing additional infrastructure and resources in a hands-on approach. Support with additional personnel in sales and marketing, business operations, finance and public relations will be among the many aspects brought to the table by PMSG. In addition, PMSG is planning to work with NGPH and the D.C. Sports and Entertainment Commission to implement various innovative initiatives to enhance the area surrounding the circuit and address sound-related issues that were identified during the 2002 event.

"In its first year, the Cadillac Grand Prix of Washington, D.C., was very successful and was the kind of marquee event that any racing promoter would want to be part of," said Panoz in making the announcement. "The opportunity for the Panoz Motor Sports Group to become involved in this event was an opportunity that was too good to pass up.

"Last year's event was universally hailed as one of the finest events ever to be held on a temporary racing circuit in terms of organization, management and excellence of facilities. "Scott Atherton (PMSG President) and his team of motorsports professionals will bring all of their experience and resources to the Cadillac Grand Prix of Washington, D.C.," said Panoz.

"This move will help grow this event for the City of Washington, D.C.," said Chris Lencheski, Co-Founder and Chairman of National Grand Prix Holdings. "Our organization successfully returned racing to one of the most international and dynamic markets in the world, bringing some 70,000 spectators and national television audiences on CBS-TV and NBC-TV. The race proved to be the signature event and platform for the American Le Mans Series that we had hoped it would be."

"The Washington, D.C., event set the standard for other events to follow in its inaugural year," said Panoz. "We look forward to working with the Commission and others in the District to add to the success and take the event to even higher levels."

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Series ALMS
Drivers Don Panoz