Admin & Resident Techie
- Oct 18, 2005
- Ft Worth Tx
A Canadian investor group that includes race-car driver Ron Fellows, a three-time class winner of the 24 Hours of Le Mans, has bought the Mosport International Raceway complex from American Le Mans Series owner Don Panoz.
Boughton on Wednesday said discussions over buying the track began early this year and the deal closed on May 31. Boughton said his group paid cash for the sale, leaving the track complex debt-free. He declined to reveal the sale price.
“I'm bringing my perspective as a spectator and we have Ron's perspective as a driver,” Boughton said. “We want to take the time to look at this from all sides and make Mosport even better.”
Mosport, built in 1961 at a cost of $500,000, is anchored by a 2.5-mile, 10-turn road course. The current lap record is 1 minute, 5.823 seconds set by Marco Werner in an Audi R10 TDI in 2008.
The complex, located about 50 miles east of Toronto, also includes a 1.5-mile driver-development track with skid pad, an 0.9-mile kart track and a half-mile paved oval.