P1racenews AI automatic summary:
With a newly-announced investment from Velocity Capital Management, Parella Motorsports Holdings (PMH) is planning for growth in 2024 with additional SpeedTour events added to the calendar, new rac…
With the investment from Velocity Capital Management, Parella Motorsports Holdings (PMH) is planning for growth in 2024. They will add additional SpeedTour events to the calendar, launch new race series, and expand existing series. PMH will also form new partnerships and alliances to introduce new participants and audiences to SpeedTour. CEO Tony Parella is excited about the collaboration with Velocity and believes they have the right recipe for success. The 2024 season will feature a 24-event calendar for the SpeedTour brand, spanning across 17 states and one international trip to Ontario’s Canadian Tire Motorsport Park. PMH will launch a new race series and reformat existing series to attract more participants. They will also introduce TA2 Club as a feeder series for young drivers looking to gain experience before moving up to the professional level in Trans Am’s Western and National Championships. PMH will also introduce the Ligier JS F4 Series for drivers transitioning from karting to open-wheel racing. PSSA will expand from eight to 12 events, hosting both an East and West Championship. PMH will continue to support racing dreams through partnership and scholarship programs.
