Tim Smith wrote:
> Andretti Green moves to buy Toronto race
>
>
> TSN.ca Staff
>
> 3/18/2008 4:49:46 PM
>
> Toronto's chances of being placed on the 2009 IndyCar schedule just got
a
> whole lot better following the announcement that Andretti Green
Promotions
> has signed a letter of intent to purchase the assets of the Grand Prix
> Association of Toronto.
>
> The terms of the sale have not been disclosed.
>
> Andretti Green Promotions, which is a wholly-owned subsidiary of
Andretti
> Green Racing which is co-owned by Michael Andretti, Kim Green and Kevin
> Savoree, has until the end of April to decide if they want to enter into
a
> purchase agreement.
>
> "Toronto is a place that I have always loved," said Andretti, a
seven-time
> winner on the streets of Toronto.
>
> "It's a great racetrack and a great venue. Racing there was always the
> highlight of my year and it's exciting to think that we're exploring the
> possibility of owning the event. If we were able to put a deal together
to
> own and operate an event in Toronto, I would certainly count that as
another
> win there, for sure."
>
>
>
> The Grand Prix of Toronto has been one of the mainstays of North
American
> open-wheel racing, dating back to 1986. Following the merger between the
IRL
> and Champ Car, the 2008 event had to be postponed because a suitable
date
> could not be found to hold the race.
>
> "The expressed interest by Andretti Green Promotions to own the Grand
Prix of
> Toronto speaks volumes to the stature this event maintains in open wheel
> racing in North America," said current CEO and president Charlie
Johnson. "We
> look forward to working with Michael, Kim, Kevin and their team over the
> course of the next several weeks to pull this off."
>
> Since 2005, Andretti Green Promotions has run the race in St.
Petersburg,
> Florida which was the first non-oval IRL event.
Not bad - they've done a fairly decent job with St. Pete
--
"We always have hope of winning, because the others might lose..."
Monsieur Orgini - The Grand Prix of Gibraltar
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