New owners personally thank Queensland race The new owner of the Champ Car World Series, Open Wheel Racing Series (OWRS) issued a personal thank you to the Queensland Government and Lexmark Indy 300 today, following the decision in U.S....
New owners personally thank Queensland race
The new owner of the Champ Car World Series, Open Wheel Racing Series (OWRS) issued a personal thank you to the Queensland Government and Lexmark Indy 300 today, following the decision in U.S. Bankruptcy Court that it would take over the prestigious series.
Judge Frank J. Otte ruled the bid submitted by OWRS partners Paul Gentilozzi, Kevin Kalkhoven, and Gerald Forsythe was the best option for all concerned parties.
The ruling means OWRS acquires all assets of the Champ Car World Series - all race-related equipment and the race contracts including the contract with the Lexmark Indy 300.
OWRS partner Kevin Kalkhoven, originally from South Australia, said the result would not have been possible without the unbridled support of their valued race promoters and team owners.
"We have to thank James Ashworth (Lexmark Indy 300 General Manager) and his team for their commitment and for making the effort to come over here with legal representation," said Kalkhoven.
"I think that showed a lot of people how important our series can become to a community or state when it is done with the professionalism that is displayed in Australia.
"We consider the Lexmark Indy 300 as the crown jewel in the series and we cannot wait to get back down there for what will be one hell of a show in October.
"Every supportive letter and e-mail we received strengthened our desire to resolve this matter properly. We are all acutely aware of the responsibility we now bear for the Champ Car community and we, along with everyone else in the series, will strive to exceed our expectations every day."
Open Wheel Racing Series is a newly formed holding company owned indirectly by a group of investors including Gerald R. Forsythe, Kevin Kalkhoven and Paul Gentilozzi.
The Lexmark Indy 300 will be held on the streets of Queensland's Gold Coast from October 21 to 24.