Skip to content

Long Beach could still be up for sale beyond F1 rumors

Apr 16, 2013, 12:30 PM EST

IndyCar Long Beach Auto Racing AP

The IZOD IndyCar Series heads to the streets of Long Beach, Calif. this weekend. The track – owned by KV Racing Technology co-owner Kevin Kalkhoven and his fellow ex-Champ Car head Gerry Forsythe – isn’t for sale, but rumors are swirling it could be if the price is right.

In a report, Gordon Kirby has tipped that it could go back in Formula One’s hand, via Chris Pook, in a story reported by my colleague Keith Collantine this morning. But if that doesn’t materialize, Long Beach could still change hands.

NBC Sports Network pit reporter Robin Miller, in a story posted Monday on SPEED.com, said Green-Savoree Racing Promotions is looking at possibly acquiring Long Beach. GSRP owns Mid-Ohio and promotes IndyCar races in St. Petersburg and Toronto.

Kalkhoven told Miller at Barber Motorsports Park they wouldn’t consider it, but “Not unless it was stupid money. Then we would have to listen.”

Additionally, Miller reported that the new unified sports car championship – United Sports Car Racing, run by NASCAR and its sports car head Jim France – could also be a player. The American Le Mans Series presented by Tequila Patrón runs on the undercard to IndyCar this weekend, as it has since 2007, while the GRAND-AM Rolex Sports Car Series raced at Long Beach in 2006.

The 40th anniversary race at Long Beach is in 2014, and longtime race president Jim Michaelian said he “hadn’t heard anything recently” related to any buying interest.

One of the issues Miller noted was the reduced sanctioning fee of $500,000 that Long Beach has paid to IndyCar, which was part of the merger agreement between IndyCar and Champ Car in 2008. That could rise to a higher standard rate north of $1 million next year.

  1. manik56 - Apr 16, 2013 at 1:11 PM

    Long Beach is public streets. The city owns it. How is Long Beach for sale? That being said, what would Bernie do with the rights to hold a race there? His sanctioning fee costs “stupid money.” If an increase of $500,000 to $1 Million is a potential problem for Long Beach, how would they feel about paying $25 million a year with an additional 10% hike every year? Exactly who would pay for this? Why mess with a good thing? Long Beach and IndyCar are made for each other. F1 isn’t and shouldn’t come back to Long Beach.

    • icemanpjn - Apr 16, 2013 at 1:43 PM

      Long Beach isn’t really good.enough for F1 these days anyway, and they don’t need Long Beach because they have a fantastic purpose-built facility in Austin and a race across from Manhattan is in the works already.

    • ncrdbl1 - Apr 20, 2013 at 2:44 AM

      Lord help us. Did a high school student write this article? There is no track, it is a street race and KK and GF own ONLY the promotion rights and that is up for renewal in a few years. I have no doubt the rights to the LBGP are up for sale. The only reason Dover sold the rights is because it was a money loser. The only reason KK and GF bought it was to keep it out of the hands of Indy Car during the split. Would not surprise me if Jim France did buy the rights. I figure by the time the USCR is up and running and the NA-DTM is up and running the France family will be looking to increase their control of US racing and may make a bid for Indy Car. The sisters are somoney hungry and Indy Car is in such a mess right now that they very well might be open to listen to a sales pitch for the series and IMS..

Leave Comment

You must be logged in to leave a comment. Not a member? Register now!

Video from NASCAR America

NASCAR America's 2014 blooper reel
Top 10 NASCAR Driver Searches
  1. B. Vickers (2287)
  2. K. Busch (2129)
  3. C. Coughlin (1995)
  4. D. Armstrong (1974)
  5. L. Cassill (1840)