Receivables financing experts, Universal Funding Corporation is pleased to announce that they will be the title sponsors for the Grand Prix Class at the Coeur d’Alene Diamond Cup this Labor Day weekend. The Diamond Cup, an H1 Unlimited Hydroplane race, is returning to Lake Coeur d’Alene after a 45 year hiatus. The last time Coeur d’Alene hosted the event was in 1968. The Diamond Cup is the 7th stop on the 2013 H1 hydroplane circuit.
Lake Coeur d’Alene has a 100-year history rich with hosting regattas. The Diamond Cup made its debut in 1958 and had a tumultuous 10 year run along the shores of the lake. The boats in the Grand Prix Racing Class have supercharged engines that can reach the speed of 195 miles per hour on the flats. 9-10 of these boats will be racing in the Grand Prix Division at the regatta.
Universal Funding co-founder and CEO Henry Wozow and longtime hydroplane race supporter says: “We’re thrilled to be sponsoring the Diamond Cup in our own back yard. We have a long family history rooted in this community and are excited to see this event back in Coeur d’Alene.” The sponsorship is part of Universal Funding’s ongoing commitment to support local events and charities that promote economic development.
The boat races will take place over three days. Organizers hope to see between 70 and 90 thousand people attend during all of Labor Day weekend.