SCCA Pro Racing President Comments on IMSG Decison to End Negotiations
28 June 1997
GREENWOOD COMMENTS ON DISCONTINUATION OF NEGOTIATIONS BETWEEN SCCA PRO RACING AND IMSG June 27, 1997 ENGLEWOOD, Colo.--SCCA Pro Racing, Ltd. President and CEO Dan Greenwood comments on IMSG's decision to discontinue negotiations with SCCA Pro Racing, Ltd., with respect to forming a business alliance: "Quite honestly, I was somewhat surprised with the decision. The negotiations were ongoing. I certainly wasn't of the opinion that we had reached a stalemate or were at the point of 'take it or leave it.' "SCCA Pro Racing has a strong vision of the future and are very optimistic about our role in sports car racing. We've positioned SCCA Pro Racing and our respective series so as to maximize the potential within our niche of the marketplace. The termination of talks has little or no bearing on the direction we're headed. "At the same time, we're disappointed with the International Motor Sports Group's decision to discontinue talks because we were of the opinion that our two entities working together to unify North American sports car racing could have had a tremendous benefit to promoters, race teams, and particularly motorsports fans. "Hopefully, SCCA Pro Racing and IMSG can revisit the issue at some future date because the unification of sports car racing is the right thing to do. "I'm sure that IMSG's decision to terminate talks will not have an impact on our two remaining co-sanctioned weekends at Mosport Park and Pikes Peak International Raceway."