IMG BUYS GRAND PRIX OF DALLAS, LOOKS TO BOOST ROLE IN RACING

     IMG, the Cleveland-based management and marketing firm,
yesterday bought the Grand Prix of Dallas, the season finale of
the SCCA Pro-Racing Trans-Am Championships.  The annual race is
seen as the city's premier summer sporting event and brings an
estimated $16M in economic impact to the city of Dallas.  IMG
purchased the event from Harry Farham, President of Grand Prix of
Texas Inc., and Buddy Boren, Race Director from the Grand Prix of
Dallas, and will take over as promoter immediately.  Boren said
the "motorsports group at IMG is one of the country's best" and
with "their expertise in event management ... we will see the
event grow into one of the top city races in the country."  Bud
Stanner, President of the new Grand Prix organization and IMG
Senior VP, said Dallas-Fort Worth "has become an extremely
important market in our business" (IMG).