Posts Tagged ‘Panoz Auto Development’

193. Panoz Assets in Play? Corvette Shuffle. New Jersey F1. Charm City.

Thursday, August 25th, 2011

Andy Lally Challenge

Since New Hampshire, after which his season’s winnings totaled $1,608,881, Andy has since raced four times (the Brickyard, Pocono, the Glen, and Michigan) and won $391,000 for himself and Kevin Buckler.

The American Le Mans field through Lime Rock totaled $1,046,000. Since Lime Rock, the thirty-odd ALMS entries have raced three times (Mosport, Mid-Ohio, and Road America) winning between them $319,000, and bringing their total earnings in the 2011 season to $1,365,000. With Andy’s total now $1,999,881, the American Le Mans Series field now trails Sprint Cup’s Street Luger by over $600 thousand dollars. Time is not on the ALMS’ side, since Andy has 13 races remaining; North America’s premier sports car road racing series has just three. (more…)

191. Mottos: Back to the Future. Flying Phallus. Disposing of an Empire. VP’s on the move (again).

Thursday, June 16th, 2011

Déjà vu all over again

“American Le Mans is the global benchmark of professional sports car racing.” –Scott Atherton to the Austin Statesman, June 9, 2011–

Professional Sports Car Racing (PSCR), Andy Evans’ renaming of IMSA, was – according to management – more descriptive of the content of the product. When Don Panoz bought PCSR, his American Le Mans Series adopted as its motto “For the Fans,” arguably an improvement in that it directly addressed the constituency that would sustain it – or not. Later, that was not good enough (and perhaps not so descriptive anymore, either) to describe its “aspirational” content, (and after spending a few hundred thousand on a consultant) the American Le Mans Series decided it was “World Class.” After a run of a few years, in which “World Class” attracted nothing but a parade of watch makers and a few pearls (and another consultant for another few hundred grand), and yielded more stagnating fields and fading visibility, Scott unveiled a new motto, Global Leader Green Racing. Fields dropped further, Ethanol sponsorship came and went, fans tuned out. If Global Benchmark Professional Sports Car Racing is indeed upon us, we’re nearly back to where we started, aren’t we? (more…)

167. Texas F1? About Abruzzi. Laguna Seca.

Thursday, May 27th, 2010

Eeeee Yaaaaa! F1 in Texas?

The Bear was told this is a “15 minutes of fame” deal. Cash paid to Bernie (a kind of application fee to FOA), but unlikely to get much beyond that. The number to get the “purpose-built” facility entirely prepared (garages, spectator amenities, track, etc.)? Murphy was quoted “a quarter billion dollars.” (more…)