Rumored Details of Grand-Am and ALMS "Merger" Surface
Later today, details of the Grand-Am and ALMS series merger will be official, with the two series racing under one banner starting in the 2014 season.
Some of those ownership changes include the sale of the Panoz Motor Sports Group (ALMS) to Grand-Am/NASCAR Holdings LLC. The rumored number for the sale is in the eight-figure range and includes the sale of Road Atlanta and a long-term lease of Sebring International Raceway in Florida. It is believed that Grand-Am co-founder and NASCAR Vice Chairman/Executive Vice President Jim France will serve as the Chairman of the new series while ALMS founder Don Panoz will act as Vice Chairman. Scott Atherton, ALMS President and CEO, could serve on the board of directors.
The official merger won’t take place until 2014 due to current television and commercial contracts. Unfortunately, we probably won’t hear much about the classes that the unified series will be running until closer to the start of the 2014 season.
Tune in on Wednesday to watch a live stream of the merger announcement at 10:00am ET.
[Source: Speed TV]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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