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Report: GP Association of Long Beach ‘most qualified’ firm to run race

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Not for the first time, the future of the Toyota Grand Prix of Long Beach was in the news earlier this year, and the question of whether Formula 1 could re-enter running the race it did from 1976 to 1983, or whether North American open-wheel racing, in INDYCAR, would keep it up.

The city of Long Beach decided to conduct a study using accounting firm KPMG, and paid the firm $150,000 to evaluate whether existing race operators the Grand Prix Association of Long Beach, led by Jim Michaelian, or Chris Pook’s World Automobile Championship, would be best to run the race. Pook founded the event in the 1970s but has in recent years, harbored the return of F1 and suggested it would be a more viable economic prospect.

Per the Long Beach Press-Telegram, the study has now concluded following proposals and interviews from both camps. In a memo obtained by the Press-Telegram, the report indicated the existing GPALB “as the most qualified firm to promote and operate the Long Beach Grand Prix race.”

Michaelian told the Press-Telegram this was an “first but important step” in the process for the race to build a new contract with a city; the existing contract runs through 2018.

Hulman & Co. CEO Mark Miles, in a statement released to the Sports Business Journal, appreciated the recommendation: that statement is below.

This appears to be a key step towards INDYCAR, the Grand Prix Association of Long Beach and the city of Long Beach all working towards an agreement that will keep INDYCAR racing at its most successful, longest running, and marquee street course event on the calendar.

Formula 1: Recapping the past week’s news

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This past week in Formula 1 was dominated by teams launching their 2018 challengers for the 2018 FIA Formula 1 World Championship season.

A total of six teams took the covers off their new chassis for the world to see this week, joining Haas F1 Team and Williams Martini Racing in doing so.

The list below contains the teams that launched their 2018 chassis this week and the name of their 2018 chassis:

  • Red Bull Racing – RB14
  • Alfa Romeo Sauber F1 Team – C37
  • Renault Sport F1 Team – R.S.18
  • Scuderia Ferrari – SJ71H
  • Mercedes AMG Petronas – W09
  • McLaren F1 Team – MCL33

Testing for everyone begins on Monday at the Circuit de Barcelona-Catalunya, home of the Spanish Grand Prix, beginning a stretch of two weeks of pre-season testing prior to the season-opening Australian Grand Prix.

Sahara Force India and Scuderia Toro Rosso are expected to unveil their 2018 cars the morning of the first day of testing.

Force India Up for Sale?

Rumors about the future of Sahara Force India, already rumored to be changing names soon, took yet another interesting this week as news surfaced about a possible sale of the team to British energy drink firm Rich Energy.

This news also comes as current majority team owner Dr. Vijay Mallya faces developing legal troubles involving money laundering, further adding to the murky environment surrounding a team that has become the “best of the rest” behind Mercedes, Ferrari, and Red Bull in recent years.

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