Champ Car owners buy TransAm

Open Wheel Racing Series, the company which is in the process of taking over CART, has signalled its desire to be taken seriously by announcing the purchase from a subsidiary of the Sports Car Club of America of TransAm Racing, the company which runs the US saloon car series. The move is designed to bolster the package which OWRS is trying to sell to sponsors and television companies. The company will, if everything goes to plan, soon own CART, the Toyota Atlantic series and TransAm. OWRS partner Paul Gentilozzi came to CART from TransAm and last year bought the marketing and promotional rights for Trans-Am Racing.

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