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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.
Tony Kanaan, driver of the #10 Target Chip Ganassi Chevrolet IndyCar V6, races to victory Saturday, August 30, 2014 during the last Verizon IndyCar Series race of the season at Auto Club Speedway in Fontana, California. This is the third consecutive win for Chevrolet at Auto Club Speedway. Chevrolet wins the Manufacturer`s Championship for the third straight season. (Photo by Gregg Ellman/LAT for Chevy Racing)
Team Chevy sweeps the podium as Tony Kanaan (center), driver of the #10 Target Chip Ganassi Racing Chevrolet IndyCar V6, celebrates his victory Saturday, August 30, 2014, during the last Verizon IndyCar Series race of the season at Auto Club Speedway in Fontana, California. Teammate Scott Dixon (left), driver of the #9 Target Chip Ganassi Racing Chevrolet V6, finishes second, and Ed Carpenter, driver of the #20 Fuzzy`s Ultra Premium Vodka/Ed Carpenter Racing Chevrolet V6, finishes third. Chevrolet wins the Manufacturer`s Championship for the third straight season. (Photo by Gregg EllmanLAT for Chevy Racing)
Tony Kanaan, driver of the #10 Target Chip Ganassi Chevrolet IndyCar V6, takes the chequered flag while racing to victory Saturday, August 30, 2014 during the last Verizon IndyCar Series race of the season at Auto Club Speedway in Fontana, California. This is the third consecutive win for Chevrolet at Auto Club Speedway. Chevrolet wins the Manufacturer`s Championship for the third straight season. (Photo by Michael L. Levitt/LAT for Chevy Racing)
Tony Kanaan, driver of the #10 Target Chip Ganassi Chevrolet IndyCar V6, makes a quick pit stop while racing to victory Saturday, August 30, 2014 during the last Verizon IndyCar Series race of the season at Auto Club Speedway in Fontana, California. This is the third consecutive win for Chevrolet at Auto Club Speedway. Chevrolet wins the Manufacturer`s Championship for the third straight season. (Photo by Brian Cleary/LAT for Chevy Racing)
Tony Kanaan with his MAV TV 500 trophy (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan and crew celebrate winning the MAVTV 500 at Auto Club Speedway in Fontana, California on Saturday August 30 2014 (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan celebrates winning the MAVTV 500 at Auto Club Speedway in Fontana, California on Saturday August 30 2014 (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan and wife Lauren celebrate winning the MAVTV 500 at Auto Club Speedway in Fontana, California on Saturday August 30 2014 (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan and wife Lauren with the Winners Trophy after winning the MAVTV 500 at Auto Club Speedway (Photo by: Chris Jones for IndyCar Media)
Confetti falls on the podium trio Scott Dixon, Tony Kanaan and Ed Carpenter celebrate after the MAVTV 500 at Auto Club Speedway (Photo by: Chris Jones for IndyCar Media)
Scott Dixon, Tony Kanaan and Ed Carpenter celebrate after the MAVTV 500 at Auto Club Speedway (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan celebrates winning the MAVTV 500 at Auto Club Speedway (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan celebrates with Chip Ganassi after winning the MAVTV 500 at Auto Club Speedway (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan comes in for service during the MAVTV 500 at Auto Club Speedway (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan takes a selfie with his Target Chip Ganassi Racing crew in Victory Lane following the MAVTV 500 at Auto Club Speedway (Photo by: Joe Skibinski for IndyCar Media)
Chip Ganassi congratulates Tony Kanaan on winning the MAVTV 500 at Auto Club Speedway in Fontana, California on Saturday August 30 2014 (Photo by: Joe Skibinski for IndyCar Media)
Tony Kanaan celebrates winning the MAVTV 500 at Auto Club Speedway in Fontana, California on Saturday August 30 2014 (Photo by: Joe Skibinski for IndyCar Media)

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