Paul Tracy's "problems resolved"

So says his mom, here.

If you heard a giant sigh of relief over the weekend, it might have been coming from GP of Toronto boss Charlie Johnstone when he caught wind of Paul Tracy's mother's comment on the Champ Car Fanatics message board that PT's "problems" regarding his contract with Gerry Forsythe have been "resolved."

Already dealing with the loss of event title sponsor Steelback, the Toronto Champ Car event didn't need the trouble of promoting a race without hometown boy Paul Tracy.

It now appears they won't have to.

UPDATE (12:30): TSN has the story here, with quotes from respected journalist Gordon Kirby. PT is staying put, but Neil Micklewright is off his car... at Tracy's request.

Stevie Wonder could have seen this one coming...

Several weeks ago when the wind went out of Frank D'Angelo's sails at Steelback Breweries, you had a hunch that the other shoe was going to drop. And today, it did.

From the Toronto Star:

"Sputtering Steelback Breweries has spun out of the Grand Prix of Toronto. The Grand Prix Association of Toronto confirmed yesterday that insolvent Steelback won't be the title sponsor for next year's car race.
"Steelback will not be returning as our title sponsor," said association president Charlie Johnstone.
Wasanda Enterprises, which has financed money-losing Steelback Breweries and related beverage producer D'Angelo Brands Ltd. since 2002, gained court protection from creditors for the two companies last month.
Court protection under the federal Companies' Creditors Arrangement Act negated all contracts with the two companies including the four-year sponsorship deal for the Grand Prix, according to Johnstone.
"We had been optimistic about them continuing until we saw the extent of their debts in published reports," Johnstone said.
Steelback and D'Angelo Brands owe Wasanda more than $120 million in loans and interest. Court filings show Steelback's spending on marketing and promotion far outpaced its beer revenue...."

...continued at the link above