Well, this is interesting.
Andretti Green Promotions, LLC announced today it has signed a letter of intent to purchase the assets of the Grand Prix Association of Toronto Corp.
The letter, which is dated March 14, 2008, runs through a period ending on April 30, 2008.
Andretti Green Promotions, the wholly-owned subsidiary of Andretti Green Racing, will begin a process of due diligence immediately to determine if it will proceed to the next step, which would be to enter into a purchase agreement with the Grand Prix Association of Toronto.
The Grand Prix Association of Toronto owns and operates the Grand Prix of Toronto, which has been a mainstay in the North American Indy racing landscape since 1986 and also saw events in 1977 and 1978.
While many of you may know that Andretti Green Promotions is responsible for putting on the IRL shindig on the streets of St Petersburg, you may not know who comprises Grand Prix Association of Toronto. I believe that association would include Mr Kalkhoven and Mr Forsythe, two names you you have seen more than a few times in recent weeks.
Is this a case of selling a less-than profitable event to pay some other bills or is it simply another form of divesture from open-wheel racing by the former "leadership" of Champ Car? Hey, I don't know - I'm just a blogger.
What I do know is if Andretti Green Promotions agrees to purchase those assets then you can pretty much bank that the event will be on the 2009 docket. That would bring us that much closer to that 50-50, twisty-oval schedule we keep hearing about.
Conquest Racing, Grand Prix of Toronto...what league is this again?
UPDATE: pressdog reports on the streptoroadacoccus outbreak.
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