Global Rallycross Championship Gets New Investors and CEO
This week the Global Rallycross Championship closed a deal with a new investor to help take the series to the next level in 2013 and beyond.
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.”
While looking forward to pursuing his life-long passion for the sport of racing with this next career step, Dyne is grateful for all the partnerships he has cultivated over the past five years while at William Rast: “It has been an honor to work with the dedicated William Rast team, as well as the retail partners I have had the opportunity to collaborate with. This experience has been the most rewarding of my professional career, and one for which I will always be grateful. I leave knowing the company is in good hands and am confident of its continued success,” says Dyne.
About Global RallyCross
Global RallyCross Championship (GRC) features the world’s top action sport athletes and combines them with the best elements of circuit racing, off-road racing and rally competition to deliver intense action in a variety of fan-friendly environments. Action sport stars including Travis Pastrana, Tanner Foust, Brian Deegan, Dave Mirra, Buck Lasik, Marcus Gronholm and Ken Block have described the sport as “motocross – with a roll cage.”
About Europlay Capital Advisors, LLC
ECA is a boutique merchant bank based in Los Angeles, Calif. ECA has a strong track record of helping entrepreneurs build industry-leading companies. As successful investors and entrepreneurs, our team brings significant product, operational and transactional expertise to our portfolio companies.