CHAMPCAR/CART: St. Petersburg General Manager named

Thomas F. Begley named General Manager Of N-new Grand Prix Of St. Petersburg ST. PETERSBURG, Fla. (March 26, 2002) - The Grand Prix Association of Long Beach, Inc. named Thomas F. Begley General Manager for the new Grand Prix of St. Petersburg...

Thomas F. Begley named General Manager Of N-new Grand Prix Of St. Petersburg

ST. PETERSBURG, Fla. (March 26, 2002) - The Grand Prix Association of Long Beach, Inc. named Thomas F. Begley General Manager for the new Grand Prix of St. Petersburg (GPSP), slated to run Feb. 21-23, 2003, on the downtown streets of the beautiful central Florida city.

Begley, who will begin his duties immediately, will be given the responsibility for the day-to-day operation of the event and will supervise the GPSP staff. He will also be the chairman for the Grand Prix of St. Petersburg charitable foundation which is being established to raise funds for distribution to local charities.

"We are delighted to be able to retain the services of such an experienced man as Tom Begley," said Jim Michaelian, president and CEO of the Grand Prix Association of Long Beach. "Not only does he have a wealth of knowledge about motor racing but his status in the community will be a valuable asset. Tom assures us a strong year-round presence in the St. Petersburg/Tampa area."

The 2003 Grand Prix of St. Petersburg will run as the season opener for the CART FedEx Championship Series. The race will occur on the weekend after the running of the Daytona 500 on a 1.78-mile, 14-turn temporary street circuit that encompasses the Bayfront Center, Bay Shore Drive and part of the Albert Whitted Airport.

As President and CEO of Thomas Begley & Associates, a firm specializing in sports marketing, sales, promotion and consulting, Begley brings a wealth of motorsports experience to the Grand Prix. He brought auto racing to the St. Petersburg streets once before with the Florida Grand Prix of St. Petersburg from 1994-97. Begley has also been involved with sponsorship acquisition, implementation and management for Indy Car/NASCAR driver Davy Jones, the A.J. Foyt, Jr. Indy Car Race Team, SCCA Pro Driver Bill Cooper and the Bondurant High Performance Driving School. He represented Spice USA, Inc. in securing corporate sponsorship for its IMSA GTP race team. Begley has worked in St. Petersburg/Tampa market for 11 years.

"I am excited about being on the team bringing the CART FedEx Championship to our market," said Begley. "This reality is the culmination of years of effort to bring the premier U.S. open-wheel racing series to the streets of St. Petersburg. We expect to conduct a spectacular special event for our corporate sponsors and the many thousands of motorsports fans in Florida."

The Grand Prix of St. Petersburg is a privately funded event owned and operated by Grand Prix Association of Long Beach, Inc., a subsidiary of Dover Downs Entertainment, Inc. (NYSE:DVD), which is sanctioned by Championship Auto Racing Teams, Inc. (NYSE:MPH).

Dover Downs Entertainment, Inc. operates a multi-purpose entertainment complex that includes Dover International Speedway, conducting two NASCAR Winston Cup auto racing weekends per year; Nashville Superspeedway near Nashville, Tenn.; Gateway International Raceway near St. Louis, Mo. and Memphis Motorsports Park near Memphis, Tenn. The Company also organizes and promotes the Toyota Grand Prix of Long Beach in Long Beach, Calif. and will organize and promote the Grand Prix of Denver August 30 - Sept. 1, 2002. Dover also operates pari-mutuel harness horse racing, pari-mutuel wagering on simulcast harness and thoroughbred horse races and video lottery (slot) machine operations in Dover, Del.

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Series IndyCar
Drivers Davy Jones , Jim Michaelian , A.J. Foyt