IndyCar »

Team news in brief: New sponsors for Penske

"AFS Racing's partnership with Andretti Autosport has certainly been a successful one, but it's time for both organisations to try some new things," added Peterson.

TEAM funding system cut back
IZOD IndyCar Series CEO Randy Bernard has announced changes to the series' Team Enhancement and Allocation Matrix for the 2011 season that will see the financial guarantee program limited to the top 22 entrants rather than the top 24, as determined by the 2010 championship points.

"When our fans show up at an event, we want to guarantee they're seeing the fastest, most versatile drivers on the track. We never want to have someone uncompetitive who can buy their way into a series," said Bernard, explaining the change. "Even with these changes, we anticipate 25 to 28 cars per race, when factoring in full-time non-Leaders Circle teams and one-off entries."

The change means that Dale Coyne Racing's #18 (driven by Milka Duno) and Conquest Racing's #36 would no longer receive funding. The #36 has been driven by a revolving door of drivers in 2010, including Baguette, Francesco Dracone, Tomas Scheckter, Roger Yasukawa and Sebastian Saavedra.

The TEAM program, introduced in 2008, assures each entrant of $1.2m if they run the whole season. The Indy 500 winner benefits by $2.2m, with a $25,000 bonus for the top non-TEAM funded entrant in the race. Additional funds will be used to enhance the prize fund at each event for IZOD IndyCar Series entrants that do not qualify for the TEAM program.

Edmonton dropped from 2011 calendar
The popular Canadian IndyCar event at Edmonton has been dropped from the 2011 following problems over funding between the event promoter, Octane Management, and the city authorities.

The city is said to have refused to supply funds to reconfigure the airfield track to allow one of the runways to remain operational during the event.

"We are disappointed that the city and the promoter were unable to reach an agreement on the venue changes," said a statement from the IZOD IndyCar Series. "It's unfortunate that in a time when IndyCar is experiencing momentum and growth, the city would want to miss out on the opportunity to be part of it.



Related Pictures

Click on relevant pic to enlarge
3-4 September, 2010, Sparta, Kentucky USA Green flag start for practice as cars leave pitlane.
Helio Castroneves, driver of the #3 Hitachi Team Penske Chevrolet IndyCar V6, qualifies third Friday, July 11, 2014 for Saturday`s race at the Iowa Speedway in Newton, Iowa.  (Photo by Brett Moist/LAT for Chevy Racing)
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)
Ryan Hunter-Reay sits in his car during a rain delay at Iowa Speedway (Photo by: Shawn Gritzmacher for IndyCar Media)
The Team Penske crew of Juan Pablo Montoya simulate a pit stop during practice for the Iowa Corn Indy 300 at Iowa Speedway (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay waits on pitlane prior to practice at Pocono Raceway (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay with an early pit stop during the Pocono INDYCAR 500 (Photo by: Bret Kelley for IndyCar Media)
Helio Castroneves celebrates second place (Photo by: Chris Owens for IndyCar Media)
Helio Castroneves on pit road (Photo by: Chris Owens for IndyCar Media)
Helio Castroneves leads Ryan Briscoe (Photo by: Chris Owens for IndyCar Media)
Helio Castroneves on pit lane prior to qualifications for the Pocono INDYCAR 500 at Pocono Raceway (Photo by: Chris Jones for IndyCar Media)
Helio Castroneves heads down the Long Pond Straightaway during practice for the Pocono INDYCAR 500 at Pocono Raceway (Photo by: Chris Owens for IndyCar Media)
Juan Pablo Montoya, driver of the #2 PPG Team Penske Chevrolet IndyCar V6, celebrates his victory Sunday, July 6, 2014 during the Pocono IndyCar 500 in Long Pond, Pennsylvania. (Photo by Michael L. Levitt/LAT for Chevy Racing)
Juan Pablo Montoya, driver of the #2 PPG Team Penske Chevrolet IndyCar V6, takes the chequered flag as he races to victory Sunday, July 6, 2014 during the Pocono IndyCar 500 in Long Pond, Pennsylvania. (Photo by Michael L. Levitt/LAT for Chevy Racing)
Juan Pablo Montoya, driver of the #2 PPG Team Penske Chevrolet IndyCar V6, races to victory Sunday, July 6, 2014 during the Pocono IndyCar 500 in Long Pond, Pennsylvania. (Photo by Phillip Abbott/LAT for Chevy Racing)
Juan Pablo Montoya, driver of the #2 PPG Team Penske Chevrolet IndyCar V6, races to victory Sunday, July 6, 2014 during the Pocono IndyCar 500 in Long Pond, Pennsylvania. (Photo by Phillip Abbott/LAT for Chevy Racing)
Race winner Juan Pablo Montoya celebrates with Helio Castroneves and Carlos Munoz on the podium after the Pocono IndyCar 500. (Photo by: Bret Kelley for IndyCar Media)
Juan Pablo Montoya, driver of the #2 PPG Team Penske Chevrolet IndyCar V6,  celebrates winning pole position for the Pocono IndyCar 500 in Long Pond, Pennsylvania. Montoya won the pole and will start in the front row next to teammate Will Power, who qualified second. (Photo by Chris Jones for IndyCar Media)

Start the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.