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16 Dec 2003, 12:20 (Ref:813005)
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Veteran
Join Date: Feb 2003
Posts: 3,183
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CART's New Name!?
Quote:
Open Wheel/CART finalize agreement Racing series BUSINESS CART Date 2003-12-15 (Lansing, Michigan) By Nancy Schilke - Motorsport.com Open Wheel Racing Series, LLC announced today that they have finalized negotiations with CART, Inc. to take over assets of that company. The new owners are now looking toward 2004, as only the final step, court approval of CART's Chapter 11 bankruptcy, is pending. Starting next year, CART Champ Car World Series will be known as the Open Wheel Champ Car World Series. Contracts with all the series promoters, sponsors, and teams along with to be named assets have, according to OWRS, been completed, including the rights to the Atlantic Championship Series. The future of the Barber Dodge Pro and the Barber Formula Series, both currently under the CART umbrella, has not, however, been announced at this time. Paul Gentilozzi, one of the partners for OWR, commented, "Effective immediately, we are ready to begin work to implement our vision for Champ Car in 2004 and for many seasons beyond. "Our goal throughout this process was for an expedient resolution so the teams and sponsors could proceed with full confidence. We're extremely grateful to all the sponsors, teams, promoters and fans that have expressed their ongoing encouragement. Their loyalty has been phenomenal." The transaction took longer than expected, as the negotiations originally started on September 10, 2003. CART and OWRS have had their share of ups and downs in the process, which can be expected in a complex acquisition. However, the protracted deal left many to question if there would, in fact, be a Champ Car series in 2004. "This was an extremely complex deal," expressed Kalkhoven. "I pride myself in my knowledge and expertise in acquisitions and mergers, but I was surprised by the complexity of the transaction." Gentilozzi has a stake in the outcome as do his partners in OWRS, Kevin Kalkhoven and Gerald Forsythe. All three are Champ Car team owners and they understand the issues that current team owners may have. One team, Walker Racing, has been actively testing new drivers at Sebring, Florida over the past week. The future of the sport does depend on the confidence that team owners have in the new company. Forsythe commented, "This was absolutely the right move for the future and longevity of Champ Car. I have every confidence that this decision will prove successful." Other news out of Lansing and Indianapolis today was the announcement that Richard P. Eidswick has been appointed by OWRS as the Chief Executive Officer to see the transition of CART, Inc. through the Chapter 11 proceedings. "I'm confident that the Champ Car World Series will emerge from the bankruptcy process stronger than ever," said Eidswick. "I look forward to working with all parties involved to build on our strengths and explore new opportunities as we position Champ Car for 2004 and beyond." Now, after months of speculation and rumours, the words 'let's go racing' can mean the security that Champ Car will continue. 2003 Champ Car World Series champion Paul Tracy, among other top Champ Car stars and new drivers, including the 2003 Atlantic title holder, A.J. Allmendinger, will compete on the streets of Long Beach in April to open the new season for the new owners. Last edited by Dov; 16 Dec 2003 at 12:24. |
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16 Dec 2003, 12:23 (Ref:813006)
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Ten-Tenths Hall of Fame
Veteran
Join Date: Dec 2000
Posts: 7,643
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Quote:
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#Keepfightingmichael |
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16 Dec 2003, 12:28 (Ref:813009)
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Veteran
Join Date: Feb 2003
Posts: 3,183
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Agree!....but at least we will be a racin'.
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__________________
Give them good ol' boys the chrome horn PT! |
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16 Dec 2003, 12:31 (Ref:813010)
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Ten-Tenths Hall of Fame
Veteran
Join Date: Dec 2000
Posts: 7,643
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indeed
 Hoorah for OWCCWS! |
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#Keepfightingmichael |
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16 Dec 2003, 12:42 (Ref:813022)
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#5 | ||
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Veteran
Join Date: Feb 2003
Posts: 3,183
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That's "BPTOWCCWSPBF"....
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16 Dec 2003, 12:45 (Ref:813026)
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Racer
Join Date: Jun 2002
Posts: 153
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I believe we'll just be referring to it as "Champ Car" much like Nextel Cup will be referred to as Nextel Cup and not NASCAR Nextel Cup Stock Car Racing.
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"If you wait, all that happens is that you get older." - Mario Andretti |
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16 Dec 2003, 12:58 (Ref:813039)
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Veteran
Join Date: Aug 2002
Posts: 670
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Re: CART's New Name!?
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"Meet me at the racetrack, Jack." |
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16 Dec 2003, 13:15 (Ref:813053)
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Veteran
Join Date: Feb 2003
Posts: 3,183
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Quote:
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16 Dec 2003, 14:25 (Ref:813115)
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Racer
Join Date: Jun 2002
Posts: 186
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Don't care what they call it, just as long as they call it open for business.
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16 Dec 2003, 14:50 (Ref:813135)
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Veteran
Join Date: Jun 2001
Posts: 8,125
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The future's so bright, I gotta wear shades!
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__________________
Don't make a fuss, just get on the bus! |
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16 Dec 2003, 14:53 (Ref:813137)
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#11 | ||
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Veteran
Join Date: Jan 2003
Posts: 4,536
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i'm stunned that it is getting pulled off in such a convincing manner
now will Paul gentilozzi fix Trans-Am and let the tube frames all come and play? |
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SuperTrucks rule- end of story. Listen to my ramblings! Follow my twitter @davidAET I am shameless ... |
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16 Dec 2003, 15:06 (Ref:813144)
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#12 | ||
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Veteran
Join Date: Mar 2000
Posts: 2,739
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That would be cool! A ChampCar/TransAm ticket would be a good purchase.
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A torrential afternoon practice session in Watkins Glen saw Villeneuve out-qualify everyone. By 11 seconds.Scheckter stated: "I scared myself rigid that day, I thought I had to be quickest. Then I saw Gilles's time and - I still don't really understand how it was possible. Eleven seconds !" |
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16 Dec 2003, 20:17 (Ref:813386)
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#13 | |
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Veteran
Join Date: Sep 2002
Posts: 1,480
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Things are a lot better around here when we can now argue about the series name being too long.
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__________________
"All this amateur analysis leads nowhere and is insignificant......So you waste hours, days, months, years of your life for what end? A bit of one-upmanship on the internet?" - Wilton969 |
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16 Dec 2003, 20:20 (Ref:813394)
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#14 | |
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Veteran
Join Date: Jan 2002
Posts: 5,419
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It'll still be CART to me
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16 Dec 2003, 20:23 (Ref:813396)
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Veteran
Join Date: Jun 2002
Posts: 739
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Quote:
 CART I prefer Champ car never sounded right to me.
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16 Dec 2003, 21:28 (Ref:813458)
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Veteran
Join Date: Jul 2001
Posts: 7,294
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That will be the official name. No doubt people will continue to call it ChampCars or CART.
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Sunderland Til I Die! |
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17 Dec 2003, 02:01 (Ref:813652)
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#17 | ||
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Veteran
Join Date: Feb 2003
Posts: 996
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Long Live CART/Champ Cars/BPTOWCCWSPBF/whatever
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17 Dec 2003, 02:30 (Ref:813659)
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#18 | ||
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Veteran
Join Date: Dec 2000
Posts: 4,071
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Who the hell cares what it's called
CHAMPCARS forever
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Don't let manufacturers ruin F1. RIP Tyrrell, Arrows, Prost, Minardi, Jordan. |
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17 Dec 2003, 05:08 (Ref:813687)
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#19 | ||
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Veteran
Join Date: Jun 2002
Posts: 1,301
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How about; Bridgestone Presents The Champ Car World Series Powered By Ford That Used To Be CART Until The Corporate Suits Went And Messed It All Up, Some Going This Way Some Going That Way Until We Found Ourselves Where We Are Today Which Begs The Question Where Are We.
BPTCCWSPBFTUTBCUTCSWAMIUSGTWSGTWUWFOWWATWBTQWAW for short. Sorry it just came out. 
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A good friend will come bail you out of jail. A true freind will be sitting next to you saying "Damn...that was fun!" |
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17 Dec 2003, 05:17 (Ref:813688)
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#20 | ||
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Racer
Join Date: Aug 2003
Posts: 485
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They still use the Indy name with all promotions on the Gold Coast including Indy girls the Indy under ball etc I can't see it changing under the new name change it's to long.
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17 Dec 2003, 05:28 (Ref:813690)
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#21 | ||
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Veteran
Join Date: Jul 1999
Posts: 6,038
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They still will in Canada too... the 'Molson Indy' name is much more known than 'Champcar' is. Heck, half the people in Toronto even refer to them as 'Indycars'. In a way, I don't think there's any dropping the Indy connection... I mean, that is where these cars came from, and a part of our history. If we want a fresh start, we'll have to start building the Champcar name.
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"I used to hate writing, but now I enjoy it. I realized that the purpose of writing is to inflate weak ideas, obscure poor reasoning, and inhibit clarity. With a little practice, writing can be an intimidating and impenetrable fog!" - Calvin and Hobbes |
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17 Dec 2003, 06:03 (Ref:813696)
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#22 | |
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Veteran
Join Date: Sep 2002
Posts: 1,480
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With OWRS taking over it's a really good time to sweep out the old, and the sooner Toronto, Surfers etc start using 'Champcar' the better.
It's all new so right now's a good time to start. |
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__________________
"All this amateur analysis leads nowhere and is insignificant......So you waste hours, days, months, years of your life for what end? A bit of one-upmanship on the internet?" - Wilton969 |
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17 Dec 2003, 06:37 (Ref:813705)
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#23 | |
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Veteran
Join Date: Dec 2003
Posts: 6,885
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I'm just going to call it open wheel racin'. I never much liked the champ car tag. The american grand prix championship would be fine.
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Wolverines! |
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17 Dec 2003, 06:37 (Ref:813706)
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#24 | ||
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Veteran
Join Date: Jul 1999
Posts: 6,038
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They still will in Canada too... the 'Molson Indy' name is much more known than 'Champcar' is. Heck, half the people in Toronto even refer to them as 'Indycars'. In a way, I don't think there's any dropping the Indy connection... I mean, that is where these cars came from, and a part of our history. If we want a fresh start, we'll have to start building the Champcar name.
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__________________
"I used to hate writing, but now I enjoy it. I realized that the purpose of writing is to inflate weak ideas, obscure poor reasoning, and inhibit clarity. With a little practice, writing can be an intimidating and impenetrable fog!" - Calvin and Hobbes |
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17 Dec 2003, 07:43 (Ref:813732)
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#25 | ||
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Veteran
Join Date: Mar 2003
Posts: 4,512
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Normally the more sounbding is the name, the less substance is there behind; i'd prefer a shorter and simpler acronym.
After all, the "pinnacle" of racing is called "just" F1. |
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You got to learn how to fall, before you learn to fly P.Simon |
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