On Wednesday, the Denver Post revealed that the USA Pro Challenge owners Rick and Richard Schaden have given up control of the race, allowing race organisers to form a new group to continue the race.

The Schadens have been at the helm of the race since its inception, but it has cost more than it has made, with $2million reportedly being lost in the 2015 edition alone.

"People want to know there's a plan for long-term success and they want to see a homegrown ownership group. Having more than one individual in charge is a good thing," Race CEO Shawn Hunter told Denver Post reporter Jason Blevins.

"I think there are a lot of people here in Colorado who will be a part of this group and some people on the national level who have watched what we have built and want to be a part of it," he said. "The goal is not just raising money. We want strategic investors who understand this opportunity and are willing to grow it."