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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.
The podium winners of Carlos Munoz, Marco Andretti, and Simon Pagenaud accept their trophies in the Belle Isle Media Center after the Chevrolet Dual in Detroit at Belle Isle Park - Saturday May 30 2015. (Photo by: Chris Owens for IndyCar Media)
The podium of Carlos Munoz, Marco Andretti, and Simon Pagenaud with their trophies following Race 1 of the Chevrolet Dual in Detroit at Belle Isle Park after the Chevrolet Dual in Detroit at Belle Isle Park - Saturday May 30 2015. (Photo by: Chris Jones for IndyCar Media)
Team Owner Michael Andretti is flanked by winner Carlos Munoz and Marco Andretti following Race 1 of the Chevrolet Dual in Detroit at Belle Isle Park after the Chevrolet Dual in Detroit at Belle Isle Park - Saturday May 30 2015. (Photo by: Chris Jones for IndyCar Media)
The podium of Carlos Munoz, Marco Andretti, and Simon Pagenaud accept their trophies following Race 1 of the Chevrolet Dual in Detroit at Belle Isle Park after the Chevrolet Dual in Detroit at Belle Isle Park - Saturday May 30 2015. (Photo by: Chris Jones for IndyCar Media)
Simon Pagenaud and Tony Kanaan enter Turn 7 during practice for Race 1 of the Chevrolet Dual in Detroit at Belle Isle Park (Photo by: Bret Kelley for IndyCar Media)
Tony Kanaan on course during practice for Race 1 of the Chevrolet Dual in Detroit at Belle Isle Park (Photo by: Joe Skibinski for IndyCar Media)
Tony Kanaan apexes Turn 7 during practice for Race 1 of the Chevrolet Dual in Detroit at Belle Isle Park. (Photo by: Chris Owens for IndyCar Media)
Tony Kanaan apexes Turn 7 during practice for Race 1 of the Chevrolet Dual in Detroit at Belle Isle Park. (Photo by: Chris Owens for IndyCar Media)
Tony Kanaan sets up for Turn 7 during practice for Race 1 of the Chevrolet Dual in Detroit at Belle Isle Park. (Photo by: Chris Owens for IndyCar Media)
Tony Kanaan`s wrecked car is craned away during the 99th running of the Indianapolis 500 at Indianapolis Motor Speedway on Sunday May 24 2015. (Photo by: Jim Haines for IndyCar Media)
Justin Wilson resplendent in the Rolling Stones livery for the #25 Andretti Autosport Honda in pit lane on Carb Day at Indianapolis Motor Speedway. Friday May 22 2015. (Photo by: Jim Haines for IndyCar Media)
Justin Wilson resplendent in the Rolling Stones livery for the #25 Andretti Autosport Honda on track on Carb Day at Indianapolis Motor Speedway. Friday May 22 2015. (Photo by: Jim Haines for IndyCar Media)
Marco Andretti and Sage Karam at IMS (Photo by: Joe Skibinski for IndyCar Media)
Tony Kanaan in Gasoline Alley at Indianapolis Motor Speedway during practice on Friday May 15 2015. (Photo by: Jim Haines for IndyCar Media)
Grace Autosport team launch announcement at Indianapolis Motor Speedway on Friday, May 15 2015. (Photo by: Chris Owens for IndyCar Media)
Grace Autosport team launch announcement at Indianapolis Motor Speedway on Friday, May 15 2015. (Photo by: Chris Owens for IndyCar Media)
Grace Autosport team launch announcement at Indianapolis Motor Speedway on Friday, May 15 2015. (Photo by: Chris Owens for IndyCar Media)

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