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Racing News: PMH Acquires International GT, Applications Open for IMSA Diverse Driver Scholarship

By SEMA News Editors

Parella Motorsports Holdings Acquires International GT

Parella Motorsports Holdings (PMH), owner of the SpeedTour brand of racing events, has acquired International GT.

International GT

The North American racing series includes three different championships for late-model Ferrari and Porsche GT3-spec sports cars--the Stuttgart Cup, Maranello Cup and the Mission Foods GT3 Cup Trophy--and joins the PMH portfolio alongside the Trans Am Series, Sportscar Vintage Racing Association, Formula Regional Americas, Formula 4 United States Championship and more.

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IMSA Diverse Driver DevelopmentIMSA Opens Diverse Driver Development Scholarship Application Window

IMSA is currently accepting applications for the 2025-2026 IMSA Diverse Driver Development Scholarship.

With a potential worth of more than $300,000, scholarship benefits include a full-season premium prepaid entry fee for the first year to drive in the IMSA WeatherTech SportsCar Championship, IMSA Michelin Pilot Challenge, or IMSA VP Racing SportsCar Challenge, and 50% of the prepaid entry fee for the second season in one of those series.

Additionally, a series of learning modules will again be made available to candidates selected from the application pool to bolster off-track skills. Subjects include IMSA marketing and sponsorship resources, business development, social-media best practices, networking and enhancing interviewing skills.

A new element, supported by Skip Barber Racing School, will provide a scholarship recipient who enters into an agreement to drive for the Skip Barber Racing team with a $50,000 seat credit for the first year of the scholarship.

IMSA is accepting applications until March 22.

For more information or to submit an application, visit