Powerboat P1 has confirmed the sale of its U.S. offshore racing operations, P1 Offshore USA, to the International Hot Rod Association (IHRA). The transaction marks a major milestone in the evolution of both organisations and opens an exciting new chapter for offshore powerboat racing in the United States.

Founded in 2003, Powerboat P1 has built an unrivalled international reputation as a global marine motorsport promoter, staging more than 200 events across 20 countries. The company will continue to operate from its UK headquarters, focusing on international growth of its core properties — including the AquaX personal-watercraft series and other global marine-racing platforms.

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“Powerboat P1 remains deeply committed to growing marine motorsport globally,” said CEO Azam Rangoonwala. “Our work with IHRA exemplifies our philosophy of partnership and progress — building on two decades of innovation to help create an even stronger, more unified future for the sport.”