OXFORD (NEWS CENTER) - Bill Ryan announced today that he has entered into an agreement to sell Oxford Plains Speedway to veteran promoter Tom Mayberry. The transaction will be finalized this upcoming week.
"I am extremely happy to announce that I have entered into an agreement to sell Oxford Plains Speedway to Tom Mayberry," Ryan announced. "Tom is a superb promoter and has great ideas and passion and will undoubtedly continue the success that we have had over the years. I am confident that under Tom's leadership the Speedway will thrive."
Mayberry, a former racer himself, has found a great deal of success as Owner and President of the Pro All Stars Series (PASS). PASS was founded in 2001 and has since grown to be the nation's premier sanctioning body for asphalt short track racing. PASS currently sanctions a variety of stock car divisions throughout North America.
Ryan purchased an interest in the Speedway in 1998 and became the sole owner in 2000. Under his leadership, the Speedway has attracted a number of NASCAR drivers to the TD Bank 250, including recent winners Kevin Harvick and Kyle Busch. Ryan was recognized by industry group Racing Promotion Monthly three times for his operation of Oxford. Shortly after taking over the Speedway, he received a Notable Achievement in Racing Promotion for Rehabilitation of a Race Track. In 2003, he received a Notable Achievement in Racing Promotion for Outstanding Continuing Operation. In 2008, Ryan was selected by his fellow promoters as the Region One nominee for Auto Racing Promoter of the Year.
"I am proud of what we have accomplished over the last fourteen years. I want to thank all the fans, drivers, teams, employees and partners for their support," Ryan concluded.