Global RallyCross Closes Investment Transaction
LOS ANGELES - (BUSINESS WIRE) - Colin Dyne and Europlay Capital Advisors, LLC, a structured investment group, have become majority shareholders of the Global RallyCross (GRC) Series. Colin Dyne, who will take over as GRC's Chief Executive Officer effective immediately, brings significant experience and business acumen from the licensing, branding and racing arenas. Responsible for driving the development of the William Rast brand, Dyne also spearheaded the William Rast Racing program, which has included such highlights as the 2011 Indianapolis 500 victory with Dan Wheldon, an eyewear partnership with Danica Patrick, and an apparel and accessories collection reflecting the active lifestyle.
"We are extremely excited with our investment and look forward to building a great property with all of our partners," says Dyne. "Our initial goals are to build a strong platform by strengthening our infrastructure and personnel, and then working together to create a fabulous 2013 season for our standalone and X-Games events," Dyne continues.
GRC's Co-Founders Brian Gale and Chip Pankow agree that the investment will provide the financial and human resources to move GRC to the next level. "Bringing Colin and the investment group on-board has delivered an essential component that allows us to capitalize on the buzz we created in 2012," says Gale. Pankow agrees, "The investment is confirmation that Global RallyCross is now positioned as a leader in world class motorsports."
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