New ownership group for Canadian Tire Motorsports Park
Canadian Tire Motorsport Park (CTMP) has announced that a new ownership group has purchased the Bowmanville, Ontario circuit.
The new ownership group is led by Woodbridge Group co-chairman and former racing driver Peter Thomson, with Chris Pfaff of Pfaff Automotive Partners, and Alek Krstic as his partners. The existing management team and staff, led by CTMP President and General Manager Myles Brandt, will remain in place.
The Thomson-led group purchased the iconic circuit, historically known as Mosport, from Canadian Motorsports Ventures Ltd., which was established by businessman Carlo Fidani (father of 13 Autosport owner/driver Orey Fidani), legendary race driver Ron Fellows, and his wife Lynda. CMVL bought the circuit from Dr. Don Panoz in June 2011.
In a statement, the new ownership group stated that it will be "committed to preserving Mosport’s history, supporting its existing community of fans, teams, and event partners, and ensuring that all scheduled activities and operations continue uninterrupted.”
The new ownership group will share future plans for the circuit at the Canadian International Auto Show in Toronto from Feb. 13–22, including a road map for long-term development, investment strategies, and an enhanced role within the Canadian motorsport and entertainment spaces.
“Canadian Tire Motorsport Park is a place with deep heritage and a loyal community,” said ownership partner Pfaff. “Our team is proud to be its next steward. We’re committed to respecting everything that makes CTMP special today, while building the foundation for an elevated experience in the years ahead. We look forward to sharing more of our vision this February.”
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