ALMS

ALMS Teams reap benefit of privateer point fund

INDIANAPOLIS (January 7, 2001) -- Thirteen teams that competed on the American Le Mans Series in the 2000 season are reaping the benefits of supporting the series by receiving shares of a special point fund of more than $1.6 million. The Privateer ...

Edited: Apr 15, 2002, 11:45 PM

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INDIANAPOLIS (January 7, 2001) -- Thirteen teams that competed on the American Le Mans Series in the 2000 season are reaping the benefits of supporting the series by receiving shares of a special point fund of more than $1.6 million.

The Privateer Point Fund was set up by ALMS founder Don Panoz as a way of financially rewarding non-factory supported racing teams that compete on the series. A percentage of each race purse goes into the fund as does any prize money that is not paid in each race. Factory-supported teams do not receive prize money in the series, and the money that would have been won by those teams is transferred into the Privateer Point Fund.

Teams in all three ALMS classes are eligible as long as they competed in at least eight of the 12 ALMS races held in 2000, including one race held outside of the United States. A special point system is used to keep standings among eligible teams.

Prototype Technology Group, which fielded BMW M3 cars in the GT class, is the biggest Privateer Point Fund award winner with $255,722. Dick Barbour Racing, which fielded Porsche 911 GT3 R cars that won the GT title, finished second with $232,387 in point fund awards. Skea Racing International, another GT team, was third with $209,002.

Other winning teams were Alex Job Racing (GT class) with $184,156; MCR/Aspen Knolls (GT) with $100,847; Roock Motorsport North America (GTS) with $92,078; and White Lightning Racing (GT) with $89,141.

Also receiving shares of the Privateer Point Fund were Johansson-Matthews Racing (Prototype), $86,231; Team Rafanelli SRL (Prototype), $78,924; Kyser Racing (GT), $74,539; Intersport Racing (Prototype), $70,154; Seikel Motorsport (GT), $67,231; and The Racers Group (GT), $65,770.

The Privateer Point Fund totaled $1,606,250. k

-Andy Hall

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