GrandAm Press Conference

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PostPosted: Tue Sep 04, 2012 5:19 pm
GrandAm has scheduled a press conference for tomorrow morning (Wednesday Sept 5) at 10:00am (eastern). The announced subject is "Road Racing In North America - See the Future". Rumor has it that the announcement will be that GrandAm has acquired all or part of Don Panoz's holdings (ALMS, IMSA, Sebring, Road Atlanta). Press conference will be carried live on Grandam.com. Should be interesting - and possibly very significant for our sport.
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PostPosted: Tue Sep 04, 2012 6:07 pm
http://www.racer.com/insight-sports-car ... le/257462/
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PostPosted: Tue Sep 04, 2012 6:11 pm
For drivers', team managers'/owners' reactions to the pending merger, visit RACER.com.

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PostPosted: Tue Sep 04, 2012 9:22 pm
This has the potential to be really good or an absolute disaster. Hope it's the former.

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PostPosted: Wed Sep 05, 2012 11:30 am
Here's the link to the press release. No word of jobs being off-shored.

http://www.grand-am.com/News/GA_News/ta ... 6383&sid=1

Allen Rothman
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PostPosted: Wed Sep 05, 2012 12:51 pm
Did I hear Panoz say that's he's selling Sebring and Road Atlanta to the new combined company? Or is he talking about selling to ISC? That wasn't clear.

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PostPosted: Wed Sep 05, 2012 2:39 pm
My understanding is Sebring and Rd Atlanta are part of the package being acquired by Grand-Am.
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PostPosted: Wed Sep 05, 2012 3:07 pm
LeeHill wrote:My understanding is Sebring and Rd Atlanta are part of the package being acquired by Grand-Am.


Given that Grand-Am isn't a venue operator, I'm guessing they then sell those two tracks off to ISC and be done with it. OR maybe ISC sells The Glen to the Grand-Am entity and then they're done with road courses. Just guessing out loud.

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