Green Savoree Buys Mid-Ohio Sports Car Course, the Mid-Ohio School

By on March 3, 2011
Market Wire

The following story was published on Thomson ONE:For information on Thomson ONE go to www.thomson.com/financial

 

 6:31 PM (GMT-05:00) Eastern Time (US & Canada) Mar 02, 2011

Green Savoree Racing Promotions

INDIANAPOLIS, INDIANA, Mar 02 (Marketwire) —

Green Savoree Racing Promotions, through newly formed, wholly owned

subsidiary Green Savoree Mid-Ohio, LLC, has purchased Mid-Ohio Sports Car

Course and The Mid-Ohio School from Dublin, Ohio-based TrueSports, Inc.

Green Savoree, which also owns and operates the Honda Indy Toronto and

Honda Grand Prix of St. Petersburg, will assume operations of the

Lexington, Ohio motorsports facility and performance driving and riding

school immediately, retaining TrueSports’ offices and staff and promoting

Mid-Ohio’s 2011 schedule of spectator and non-spectator events and school

course dates. Other terms of the sale were not announced.

“Properties like Mid-Ohio don’t come on the market every day,” said Green

Savoree Co-Owner, President and Chief Operating Officer Kevin Savoree.

“It was a great opportunity to invest in a property with a great history

and tradition that, like us, has deep roots in sports car and Indy car

racing. It was also a chance to extend our relationship with Honda, which

is a longtime partner of Mid-Ohio and our other properties.”

“This is a positive and very exciting deal, and one that serves all our

interests,” said TrueSports, Inc. President Michelle Trueman Gajoch. “Kim

(Green) and Kevin have a great track record as team owners and event

promoters, and will bring a new energy and perspective to the operation.

That’s great news for our associates and fans and for the many loyal

partners we’ve been doing business with for so many years. They’re the

right people to steward the track through its next 50 years.”

Mid-Ohio Sports Car Course will celebrate its 50th season of racing in

2011. The track’s golden anniversary schedule is set to include the

Vintage Grand Prix of Mid-Ohio, June 24-26; Honda Super Cycle Weekend

presented by Dunlop Tire, July 8-10; AMA Vintage Motorcycle Days, July

22-24; Mid-Ohio Sports Car Challenge/The Honda Indy(TM) 200 at Mid-Ohio,

August 5-7; NASA Championships presented by Toyo Tires, September 9-11;

and EMCO Gears Classic presented by KeyBank, September 16-18. The

Mid-Ohio School has nearly 180 course dates currently scheduled for 2011

beginning in March, and the track and school both have private events

scheduled throughout the year.

“I’ve been racing at Mid-Ohio since 1981 and have seen the pride Michelle

and her team have put into the facility and the tradition they’ve

established,” said Green Savoree Co-Owner, Chairman and Chief Executive

Officer Kim Green. “It’s a legacy we’ll carry on with great pride.”

The Mid-Ohio facility was built in 1962 by Mansfield, Ohio businessman

Les Griebling as a place for sports car racing. The track was purchased

by entrepreneur and racing enthusiast Jim Trueman in 1982. Trueman

invested millions in the facility, luring major series like CART and IROC

and raising the track’s profile as one of the country’s premier road

racing venues.

“In addition to continuing to develop this fantastic facility, we look

forward to building relationships with the track and school’s many

longtime partners and attracting even more of the exciting events

Mid-Ohio’s loyal fans have come to expect,” Savoree added. “We’re eager

to write the next chapter in the 50-year history of North America’s

largest privately held road course.”

A park-like, 330-acre complex, Mid-Ohio Sports Car Course features a

permanent road-racing circuit with two primary configurations: a

2.4-mile, 15 turn course and a 2.25- mile, 13-turn circuit. The track,

which is located 60 miles north of Columbus and 75 miles south of

Cleveland, has been called the most competitive in the U.S. and annually

hosts a diverse lineup of locally, regionally and nationally sanctioned

racing events for amateur, club and professional drivers and riders.

The Mid-Ohio School provides professional driving and riding instruction

to drivers and motorcyclists of all skill levels. The school’s 20

different programs vary from Defensive Driving, Performance Driving and

Racing programs on the automobile side to Beginning, Experienced,

Advanced Cornering and Performance Track Riding programs on the

motorcycle side. Students enjoy classroom sessions, skill drills, expert

personal instruction and lapping on the same track that challenges the

world’s top racers. The school has graduated more than 41,000 students

since its inception in 1993.

Founded in 2009 by veteran motorsports executives Kim Green and Kevin

Savoree, Green Savoree Racing Promotions is a privately held motorsports

event ownership and management company. In working together since 1993,

Green and Savoree have won four IndyCar championships, three Indy 500s

and the 12 Hours of Sebring as team principals, and established the Indy

Racing League’s first street race in 2004. Headquartered in Indianapolis,

the firm owns and promotes multiple professional racing events in North

America, including the Honda Indy Toronto and Honda Grand Prix of St.

Petersburg. More information about the company is available at

www.gpstpete.com, www.hondaindytoronto.com and www.midohio.com.

 

 

 

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