Pro Cup Series is Purchased by Interstate Investment Group USA Racing PR Report
Details Emerge on Change of Ownership
Interstate Investment Group (IIG) has acquired all assets of the U.S.A.R. stock car series from Hooters of America, the organization announced today.
The new investment group has acquired all tangible assets including trademarks, website, naming rights and contractual privileges. The new racing venture will be known as USA RACING, Inc. and John L. “Jack” McNelly will serve as president.
Interstate Investment Group is comprised of Jack McNelly, owner of MacHill Motorsports, Mooresville, N.C.; Gary Kale and Carl Hubbard, owners of Heritage Truck Centers, Beckley, W.Va.; Chip Lofton, owner of Strutmasters, Roxboro, N.C.; and Larry Camp, President of Camp & Associates, Inc., Concord, N.C.
“I am truly honored to have been chosen to be the President of USA Racing,” McNelly said. “I do realize we have a long road before us, but with the trust and dedication of IIG, the expertise possessed by the Board of Directors of USA Racing, the cooperation of our competitors and the extreme loyalty of all our fans, we will complete our journey.”
According to McNelly, the series has a schedule of 14 races planned for the 2009 season. In an effort to keep costs down, no rule changes are planned for the upcoming season. Unlike years past, there will not be a North and South division, however, plans call for a 10-race regular season and four-race championship series. As well, new series sponsorship is being sought.
USA RACING has entered into a contractual agreement with Camp & Associates, Inc. of Concord, N.C. to provide day-to-day management of the series. Series operations will be based at Camp & Associates, Inc. offices.
“Larry Camp has many years of managerial, marketing, and at-track activation skills in the motorsports arena,” McNelly said.
Longtime USAR Operations and Race Director Jimmy Wilson has been promoted to Vice President and Series Director. Staffers Linda Nerone and Patrick Rogers will join Wilson in the organization’s series offices and it is expected that much of the race day staff will remain intact.