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With a newly-announced investment from Velocity Capital Management, Parella Motorsports Holdings (PMH) is planning for growth in 2024 with additional SpeedTour events added to the calendar, new race series set to launch, substantial growth plans for existing series, and new partnerships and alliances to expose new participants and audiences to SpeedTour.
“I’ve been seeking the right partner to help me realize my vision for Parella Motorsports Holdings, and I am thrilled to be collaborating with the Velocity team,” said Tony Parella, who continues in the role of CEO for PMH. “I feel like we finally have the right recipe to achieve our true potential, and I’m excited to lead PMH through this next chapter of growth. With Velocity’s support, we have exactly what we need to grow both organically and through acquisitions. The 2024 season is going to be fun.”
With its core race series, Sportscar Vintage Racing Association (SVRA), the Trans Am Series presented by Pirelli, Prototype Sprint Series Association presented by Hankook (PSSA), Formula Regional Americas Championship (FR Americas) and Formula 4 United States Championship (F4 U.S.), PMH unveiled a 24-event calendar for its SpeedTour brand. Events are set to span across 17 states and two countries, as SpeedTour makes its first international venture with a trip to Ontario’s Canadian Tire Motorsport Park.
Capitalizing on the popularity of its existing series and opportunities within the marketplace, PMH will launch a new race series in 2024, as well as reformat two recently-launched series to bring in additional participants.
With Trans Am’s Big Machine Vodka SPIKED Coolers TA2 Series flourishing with record car counts, the series has become widely recognized as a proving ground for young talent. With more and more drivers looking to join the series, PMH will launch TA2 Club in 2024 as a feeder series for drivers looking to gain more experience behind the wheel of these 530hp muscle cars before stepping up to the pro level in Trans Am’s Western and National Championships.
With the incorporation of the new Ligier JS F422 into the FIA-certified F4 U.S. competition, PMH will provide owners of the first-generation Ligier JS F4 chassis with a place to race in the newly-rebranded Ligier JS F4 Series. Available to drivers ages 14 and up, the Ligier JS F4 Series will provide an additional developmental step with an opportunity to gain experience and knowledge as drivers transition from karting to open-wheel racing.