“SVRA has entered into a definitive sales agreement and has been sold to Parella Racing LLC. We expect the assets to be transferred in September, 2012 following our scheduled race at Watkins Glen” said Peter McLaughlin, President of SVRA.
“I’m very pleased to see SVRA in such good hands. Parella Racing LLC, (Tony Parella) brings a passion for Vintage racing, proven professional management skills and the financial resources to grow SVRA” McLaughlin also said.
“I am very excited to be part of the SVRA team. I’m also very fortunate to be able to work with such a respected group of vintage racing professionals. We plan to expand our race season, our geographic reach and invest in SVRA to further enhance our events over the coming months. The future is very bright for SVRA” said Tony Parella. Additional information on Tony Parella may be found at www.parellagroup.com
PLEASE NOTE that since the actual transfer of assets will not take place until after the September Watkins Glen event, all communication, race entries, etc. should continue to be sent to SVRA, 1 Maple Street, Hanover, NH 03755.