The Snap-on Stars of Karting Series Presented by IndyCar is currently working to resolve competitor concerns regarding an aborted acquisition of the National Series this month.
In recent weeks there has been widespread speculation that the Stars of Karting organization was being sold. Indeed, the series was approached early this year and an inquiry was made toward the possible purchase of Series assets and interests. Through a lengthy process, an agreement was reached to proceed in good faith with the expectation that the Series would be acquired by new ownership. In the end, the negotiations collapsed and the scheduled Stars event date on May 29-31 at New Castle Motorsports Park was reassigned to what were to be the new owners. Concurrently, the scheduled Stars event date at New Jersey Motorsports Park was also reassigned.
As a result, the Snap-on Stars of Karting Series has made the difficult decision to postpone the next two events on its National Schedule until we have had the opportunity to evaluate all of our options and decide how best to address the current uncertainty that has regretfully been forced upon our sport.
In the short term, competitors who registered for the 2009 Snap-on Stars of Karting Series via an annual Series or Regional Pass have been or will be notified immediately and a refund of the New Castle entries will be offered and granted as requested. Competitors who entered the New Castle event via a Single Event Registration and whose entries had already been deposited by Stars have also been or will be notified and will be refunded as requested.
Any entries submitted to the Snap-on Stars of Karting Series in the last few days have not been processed and competitors will be apprised of their options as stated above.
The events and rumors surrounding the Series at this time are unfortunate and unwarranted and we respectfully request that opinions and comments be held in check until facts are made public, as they may shed some light on the process that got us here. The series acknowledges the uncertainty we have been presented with and we must properly contemplate our next course of action.