How many races does Champ Car promote?
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San Jose Grand Prix is still promoted by Don Listwin, the Principal of Canary Foundation (formerly known as the Canary Fund), a non-profit charity. Last years race was officially promoted by Canary Enterprises, LLC., a for profit company owned by Don Listwin setup to promote the race, so the Canary Fund does not violate any IRS tax-exempt rules.
Since there was a lot of confusion last year that caused people to think that the Canary Fund was the promoter of the race, Canary Enterprises, LLC changed its name to San Jose Open Wheel, LLC. Same Principal, Don Listwin, just a different company name.
Here's an article that quotes Don Listwin, as the promoter, when addressing the concerns that the displaced San Jose residents brought before the San Jose City Council. Also, if you look at the San Jose Grand Prix and Canary Foundation websites, it still prominately features each other.
posted on sfgate.com
It's the brainchild of Don Listwin, a former high-tech executive who hit on the idea of using the car race -- and the wealthy fans he hopes to attract -- to raise money for research in early cancer detection after this mother died of ovarian cancer. While the race isn't expected to make money the first few years, any profits as well donations that Listwin plans to raise from tech tycoons will go his Canary Fund charity.
Race promoters are offering to put affected residents up in a local hotel for three days. "We want to accommodate the residents in the best way that we can,'' Listwin said.
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Since there was a lot of confusion last year that caused people to think that the Canary Fund was the promoter of the race, Canary Enterprises, LLC changed its name to San Jose Open Wheel, LLC. Same Principal, Don Listwin, just a different company name.
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I'm surprised the Mexico races haven't been mentioned. True, GF doesn't own them out right, but nobody races down there unless GF gives the 'ok'.
MC definitely got some improvements made with GF funds; not so sure about Monterrey. I think the refurbished Fundidora was constructed from government and (local) private funds."Don't believe the hype!"
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Originally posted by Jim WilkeThe only thing we know for sure is that San Jose is NOT promoted by Canary Fund."Don't believe the hype!"
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Originally posted by Jim WilkeAny proof of this? Your link is two years old and statements made to the SJ City Council seem to indicate something else.
The entity/promoter asking for money from the San Jose city council is San Jose Open Wheel Racing LLC with Listwin named as running it. I don't think its too much of a stretch of the imagination to say KK and GF are major players in SJOWR LLC.
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Originally posted by Jim WilkeSeems plausible. In docs filed with the SJ City Council it was pretty clear that Canary Fund/Canary Enterprises had suborned their rights to another organization. Now, if Canary isn't promoting - who is?"Don't believe the hype!"
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