Parella Motorsports Holdings (PMH), the owner of the Sportscar Vintage Racing Association (SVRA) and majority owner of the Trans Am Series presented by Pirelli, has announced a partnership with two SCCA Pro Racing open wheel series, Formula Regional Americas Championship Powered by Honda and Formula 4 United States Championship Powered by Honda.
“SCCA Pro Racing has proven the viability of FR Americas and F4 U.S. and we are confident that through a combined effort we can take both to the next level,” SVRA President and CEO and majority owner of Trans Am Tony Parella said. “I want to thank our newest PMH board member, Nick Craw who was instrumental in making this deal come together. His exceptional executive leadership experience in SCCA, ACCUS, and FIA proved invaluable.”
PMH takes ownership of all commercial aspects of both series under the SpeedTour event brand. F4 U.S. and FR Americas will finish the season under SCCA Pro Racing promotion. PMH will take over as the series promoter starting January 2021.
“This agreement greatly expands our community of competitors, team owners, fans, and sponsors,” Chairman of the SCCA Ventures Board Peter Jankovskis said. “That means significant opportunity for everyone. The SpeedTour brand delivers a genuinely unique market positioning with an unmatched diversity of categories of racing. We believe adding our proven and established open-wheel racing will enhance what is already a potent mix that includes SVRA, VROC (Vintage Race of Champions) and the revitalized Trans Am Series presented by Pirelli.”
F4 U.S. and FR Americas are both scheduled to visit VIRginia International Raceway on July 17-19, for the Andy Scriven Memorial.