NASCAR to acquire Grand-Am from France family

[cdh]

NASCAR to acquire Grand-Am from France family

A recent Grand-Am race

NASCAR Holdings will acquire the Grand-Am Road Racing Association from NASCAR's ruling family, the Frances, the series announced.

The move "will allow for resource sharing between Grand-Am and NASCAR while both organizations continue to operate independently," according to a NASCAR statement.

Grand-Am and NASCAR will combine marketing and communications efforts to include brand management, research, marketing and public relations.

"This combination of resources will benefit Grand-Am and NASCAR, their competitors and fans, as the two companies work together to enhance the two sports," said Jim France, NASCAR vice chairman and Grand-Am founder.

The two organizations will continue to independently sanction and officiate race events for their own series, and there will be no change in management. Roger Edmondson will continue to serve as Grand-Am's president.

This article was last updated on: 09/05/08, 12:14 et