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Kanaan loses primary sponsor

Tony Kanaan may be left without a seat in 2011 after 7-Eleven announced that it is pulling out of sponsoring the Andretti Autosport #11 car
Tony Kanaan's future in Indycar was thrown into doubt by the announcement that the primary sponsor of the #11 car, 7-Eleven, Inc. has notified Andretti Autosport that it will not continue in that role in 2011.

That means that while Kanaan's contract with Andretti Autosport has another three years to run, it's unclear if Michael Andretti's team can afford to pay him unless they can replace 7-Eleven as the main sponsor. Kanaan is due more than $3 million per season, based on the contract signed in August 2008.

"Our hope is to have Tony Kanaan and the 11 car as part of our IZOD IndyCar Series lineup again in 2011 and we are currently working very hard to find the necessary sponsorship to make that a reality," said Andretti Autosport senior vice president and chief marketing officer John Lopes.

"In the meantime,and although he remains under contract with Andretti Autosport, we have given Tony and his management the permission to talk with other team owners to explore what other alternatives might be available at this time."

The news comes just days after one of Kanaan's best runs of the season, finishing third just behind his team mate Danica Patrick at Homestead-Miami. Kanaan had one race victory this season at Iowa in June and was the team's highest placed driver in the four-car squad, finishing in sixth.

Kanaan has been with Andretti Autosport since the start of 2003 as the series transitioned from Champ Car to Indycar, winning pole position in his first appearance for the team and winning the team's first victory two weeks later at Phoenix. He has 14 championship career wins and 102 top ten finishes to his credit since his series debut in the 2002 Indianapolis 500, and won the series championship in 2004.

7-Eleven have confirmed that they will remain an associate (minor) sponsor of the #7 GoDaddy.com car driven by Patrick.



Related Pictures

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6-8 August, 2010. Lexington, Ohio #11 Team 7-Eleven Andretti Autosport`s Tony Kanaan.
Juan Pablo Montoya, Will Power and Tony Kanaan on the podium after the ABC Supply Wisconsin 250 at Milwaukee IndyFest on Sunday August 17 2014. (Photo by: Chris Jones for IndyCar Media)
The confetti flies as Will Power, Juan Pablo Montoya, and Tony Kanaan raise their trophies in Victory Lane (Photo by: Chris Owens for IndyCar Media)
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The cars of Tony Kanaan and Marco Andretti sit in the Esses of Turns 4 and 5 after contact during the start of the Honda Indy 200 at Mid-Ohio (Photo by: Joe Skibinski for IndyCar Media)
Marco Andretti looks over his machine prior to practice for the Honda Indy 200 at Mid-Ohio. (Photo by: Joe Skibinski for IndyCar Media)
Chevrolet sweeps the podium with winner Mike Conway (center), driver of the #20 Fuzzy`s Ultra Premium Vodka / Ed Carpenter Racing Chevrolet IndyCar V6, celebrating his victory Sunday, July 20, 2014 during the second of two IndyCar Series races through the streets of Exhibition Place, in Toronto, Canada. Tony Kanaan (left), driver of the #10 Target Chip Ganassi Racing Chevrolet celebrates his second-place finish. Will Power, driver of the #12 Verizon Team Penske Chevrolet celebrates his third-place finish. (Photo by Phillip Abbott/LAT for Chevy Racing)
Mike Conway, Tony Kanaan and Will Power celebrate on the podium after the second round of the Honda Indy Toronto doubleheader on Sunday July 20 2014. (Photo by: Chris Jones for IndyCar Media)
Mike Conway, Tony Kanaan and Will Power pose for a selfie on the podium after the second round of the Honda Indy Toronto doubleheader on Sunday July 20 2014. (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan and Will Power pose for a selfie on the podium after the second round of the Honda Indy Toronto doubleheader on Sunday July 20 2014. (Photo by: Chris Jones for IndyCar Media)
Chevy Racing sweeps the podium with race winner Sebastien Bourdais (center), driver of the #11 Hydroxycut KVC Racing Technology Chevrolet IndyCar V6, celebrating his victory Sunday, July 20, 2014 during the first of two IndyCar Series races in Toronto, Canada. Second-place finisher Helio Castroneves (left), driver of the #3 PPV Automotive Refinish Team Penske Chevrolet, and third-place finisher Tony Kanaan, driver of the #10 Target Chip Ganassi Racing Chevrolet, join the celebration. (Photo by Phillip Abbott/LAT for Chevy Racing)
Tony Kanaan, driver of the #10 TNT Energy Drink Ganassi Racing Chevrolet V6, races to a third-place finish Saturday, July 12, 2014 at the Iowa Speedway in Newton, Iowa. Helio Castroneves, driver of the #3 Verizon Team Penske Chevrolet V6, takes over the championship points lead with an eighth-place finish. (Photo by Phillip Abbott/LAT for Chevy Racing)
Scott Dixon, driver of the #9 Target Chip Ganassi Racing Chevrolet IndyCar V6, races teammate Tony Kanaan, driver of the #10 TNT Energy Drink Ganassi Racing Chevrolet V6, Saturday, July 12, 2014 at the Iowa Speedway in Newton, Iowa. Dixon won the pole and finished in fourth-place. Kanaan led for most of the race and finished third. (Photo by Phillip Abbott/LAT for Chevy Racing)
Scott Dixon and Tony Kanaan lead the pack at the start of the Iowa Corn Indy 300 (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan leads the field during the Iowa Corn Indy 300 at Iowa Speedway (Photo by: Shawn Gritzmacher for IndyCar Media)
The #28 Andretti Autosport team celebrates victory (Photo by: Chris Jones for IndyCar Media)
Ryan Briscoe (left), driver of the #8 NTT Data Chip Ganassi Racing Chevrolet IndyCar V6, talks with teammate Tony Kanaan, driver of the #10 TNT Energy Drink Ganassi Racing Chevrolet V6, during qualifying Friday, July 11, 2014 for Saturday`s race at the Iowa Speedway in Newton, Iowa. Briscoe qualified fourth, Kanaan second and teammate Scott Dixon, driver of the #9 Target Chip Ganassi Racing Chevrolet IndyCar V6 won the pole. (Photo by Phillip Abbott/LAT for Chevy Racing)
Scott Dixon, driver of the #9 Target Chip Ganassi Racing Chevrolet IndyCar V6 celebrates winning the pole Friday, July 11, 2014 for Saturday`s race at the Iowa Speedway in Newton, Iowa. Dixon will start in the front row with teammate Tony Kanaan, driver of the #10 TNT Energy Drink Ganassi Racing Chevrolet V6, who qualified second. (Photo by Phillip Abbott/LAT for Chevy Racing)

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