Just read this online:
IndyCar series to declare bankruptcy
The Indy Racing League IndyCar might declare bankruptcy shortly. This is what we have just learned exclusively. It's not a secret that the car series has difficulty (since Tony George destroyed the sport by splitting it). After a war to end the rival Champ Car series, the teams have not had it easy. Sponsors have not rushed to the doors and promoters are on thin ice with the cancellation of the first race of the season in Brazil and other races failing every year. The Brazilian government may have known about the bankruptcy and decided to cancel the event.
Since the founding of the IRL almost 20 years ago and the first event at Disney Land, the American series never made a dime. At the time, it was the Indianapolis 500 that supported it.
All indications are that no public announcement will be made at this time. It seems that the season will proceed. Some rumors mention the possible sale of the series by the family or filing for bankruptcy. There is even talk that the series could restart under another name (CART - remember that?). Sixteen events are on the 2015 schedule including the Toronto race in June, a week after the Canadian Grand Prix.
Just a rumor, but . . .
Ian
IndyCar series to declare bankruptcy
The Indy Racing League IndyCar might declare bankruptcy shortly. This is what we have just learned exclusively. It's not a secret that the car series has difficulty (since Tony George destroyed the sport by splitting it). After a war to end the rival Champ Car series, the teams have not had it easy. Sponsors have not rushed to the doors and promoters are on thin ice with the cancellation of the first race of the season in Brazil and other races failing every year. The Brazilian government may have known about the bankruptcy and decided to cancel the event.
Since the founding of the IRL almost 20 years ago and the first event at Disney Land, the American series never made a dime. At the time, it was the Indianapolis 500 that supported it.
All indications are that no public announcement will be made at this time. It seems that the season will proceed. Some rumors mention the possible sale of the series by the family or filing for bankruptcy. There is even talk that the series could restart under another name (CART - remember that?). Sixteen events are on the 2015 schedule including the Toronto race in June, a week after the Canadian Grand Prix.
Just a rumor, but . . .
Ian
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