Canadian Tire Motorsport Park Changes Ownership

Canadian Tire Motorsport Park (CTMP), formerly known as Mosport Park, one of Canada’s most historic motorsport venues, has been sold to a new ownership group. The transaction was announced on December 11, 2025, marking the end of a 15-year ownership period by a group led by Canadian racing legend Ron Fellows.

–by Mark Cipolloni–

Background and History

Opened in 1961 as Mosport Park (a contraction of “motor” and “sport”), the facility quickly became a cornerstone of Canadian motorsport. Located north of Bowmanville, Ontario, approximately 100 km east of Toronto, it features a challenging 3.957 km (2.459-mile) road course with 10 turns, along with a driver development track and karting center.

The track hosted the Formula One Canadian Grand Prix from 1967 to 1977 (alternating with Mont-Tremblant initially), multiple Can-Am races, and has been a staple for series like IMSA WeatherTech SportsCar Championship, NASCAR Canada, and various sports car events.

In June 2011, Canadian Motorsports Ventures Ltd. – comprising businessman Carlo Fidani, Ron Fellows, and initially Alan Boughton – purchased the venue from the Panoz Motorsports Group. Shortly after, in 2012, a long-term naming rights partnership with Canadian Tire Corporation renamed it Canadian Tire Motorsport Park. Under this ownership, significant investments were made in infrastructure, including paddock improvements, resurfacing, and new facilities.

1977 Canadian GP at Mosport, Mario Andretti leads from James Hunt

The Sale

The previous owners, through Canadian Motorsports Ventures Ltd., sold the facility to a new group led by Peter Thomson, a venture capitalist, rally driver, and member of the Thomson family (associated with Woodbridge Company, part of Canada’s wealthiest families). Joining Thomson as partners are Chris Pfaff, owner of Pfaff Automotive Partners and the IMSA WeatherTech SportsCar Championship event promoter at CTMP, and Alek Krstajic.

Financial terms of the deal were not disclosed.

The existing management team, led by President and General Manager Myles Brandt, will remain in place. Operations and scheduled events will continue uninterrupted.

Statements from New Owners

Chris Pfaff stated: “Canadian Tire Motorsport Park is a place with deep heritage and a loyal community. Our team is proud to be its next steward. We’re committed to respecting everything that makes CTMP special today, while building the foundation for an elevated experience in the years ahead.”

The new owners emphasized their commitment to preserving the track’s history while supporting fans, teams, and partners.

Future Plans

Detailed plans for long-term development, investments, and an enhanced role in Canadian motorsport and entertainment will be unveiled at the Canadian International Auto Show in Toronto (February 13–22, 2026).

This sale ensures continuity for one of North America’s classic road racing circuits, positioning it for future growth under passionate, motorsport-connected ownership.