According to well informed sources, Andretti Green Promotions, wholly-owned subsidiary of Andretti Green Racing, has signed a letter of intent to purchase the assets of the Grand Prix Association of Toronto.
Deadline for final purchase is the end of April if they want to enter into a purchase agreement. Since 2005, Andretti Green Promotions has run the race in St. Petersburg, Florida which was the first non-oval IRL event.
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.
Deadline for final purchase is the end of April if they want to enter into a purchase agreement. Since 2005, Andretti Green Promotions has run the race in St. Petersburg, Florida which was the first non-oval IRL event.
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.