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MSR and Conquest likely to miss St Pete

Michael Shank has admitted that his bid to launch a new IndyCar team isn't going as well as hoped, while Conquest Racing may not compete before Indy.
Michael Shank has conceded in a press statement that he "isn't where he wants to be just yet" in his bid to launch a new team, MSR Indy, in time for the start of the 2012 IZOD IndyCar Series season opener at St Petersburg.

"We've got the car in the shop and the people we need to go run the car, but at this point we are still working to have the full budget in place to go racing," said Shank, who is fighting to launch the team with backing from Penske Racing NASCAR driver AJ Allmendinger and Columbus-area businessman Brian Bailey.

According to the press statement, the fledgling team "had a setback as an anticipated partnership program for the MSR Indy campaign did not develop as had been intended." Shank also missed out on winning any share of the IndyCar Series 'Leaders Circle' funding subsidies, announced at the start of this week.

It's thought that the partnership program in question is related to one of Paul Tracy's backers who has pulled out at the last minute. Tracy still hopes to pull together enough sponsorship to bring to the team in exchange for a race seat for his final year in the sport, and is said to be in talks with a Canadian sponsor that could be interested in a marketing program built around Tracy's 'farewell tour'.

"I want to run PT, that's been the plan for the last eight weeks," Shank said, but he conceded: "This setback didn't help, and there's a small chance it could be someone else."

However it is now reported that the team have at least nailed down a customer engine deal with Lotus. The team had held off on signing the final contract in the hope that Tracy's involvement with the team might give them a shot at a Honda deal instead, but Honda says that it has now reached its absolute limit in the number of teams it can service in 2012.

Shank isn't giving up on making it to the season opener next month, but admits that it's going to be an uphill battle given that the other teams are already well into their pre-season track activities.

"Obviously, there are folks out there testing right now and that is the best case scenario to be in. We've got a little bit bigger hill to climb at the moment, but we are not giving up by any stretch," he said.

"I don't want to be in a position to just go out and make up the numbers - we want to show up and have a competitive presence," he continued. "My main goal is to make this thing work, and if that means working with a technical partner to make it happen or just focusing on particular races, then so be it."




Related Pictures

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Conquest owner Eric Bachelart [Photo Credit: Ron Mcqueeney for IndyCar Media]
MSR Indy team boss Michael Shank, with IndyCar CEO Randy Bernard [Photo credit: Brett Kelley for IndyCar Media]
The podium of Josef Newgarden, Graham Rahal, and Scott Dixon celebrate with champagne following the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Owens for IndyCar Media)
Josef Newgarden crosses the finish line to win the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Owens for IndyCar Media)
Josef Newgarden in action in the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Owens for IndyCar Media)
Graham Rahal in action in the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Owens for IndyCar Media)
Graham Rahal celebrates in victory lane after finishing second in the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Jones for IndyCar Media)
The podium of Josef Newgarden, Graham Rahal, and Scott Dixon celebrate in Victory Circle following the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Jones for IndyCar Media)
Josef Newgarden celebrates in victory lane after winning the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Jones for IndyCar Media)
The podium of Josef Newgarden, Graham Rahal, and Scott Dixon celebrate in Victory Circle following the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Joe Skibinski for IndyCar Media)
The podium of Josef Newgarden, Graham Rahal,and Scott Dixon hoist their trophies following the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Joe Skibinski for IndyCar Media)
The podium of Josef Newgarden, Graham Rahal,and Scott Dixon hoist their trophies following the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Joe Skibinski for IndyCar Media)
Scott Dixon, driver of the #9 Coke Chip Ganassi Racing Chevrolet IndyCar V6, races to a third place finish Sunday, April 25, 2015 during the Verizon IndyCar Series Grand Prix of Alabama at Barber Motorsports Park in Birmingham, Alabama. (Photo by Phillip Abbott/LAT for Chevy Racing)
Josef Newgarden, driver of the #67 Hartman Oil CFH Racing Chevrolet V6 IndyCar, celebrates his victory Sunday, April 25, 2015 after winning the Verizon IndyCar Series Grand Prix of Alabama at Barber Motorsports Park in Birmingham, Alabama. This is Newgarden`s first victory in the IndyCar series. (Photo by Gregg Ellman/LAT for Chevy Racing)
Josef Newgarden, driver of the #67 Hartman Oil CFH Racing Chevrolet V6 IndyCar, celebrates his victory Sunday, April 25, 2015 after winning the Verizon IndyCar Series Grand Prix of Alabama at Barber Motorsports Park in Birmingham, Alabama. This is Newgarden`s first victory in the IndyCar series. (Photo by Michael L. Levitt/LAT for Chevy Racing)
Josef Newgarden, driver of the #67 Hartman Oil CFH Racing Chevrolet V6 IndyCar, races to victory Sunday, April 25, 2015 winning the Verizon IndyCar Series Grand Prix of Alabama at Barber Motorsports Park in Birmingham, Alabama. This is Newgarden`s first victory in the IndyCar series. (Photo by Phillip Abbott/LAT for Chevy Racing)
Josef Newgarden celebrates his victory in the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Owens for IndyCar Media)
Helio Castroneves leads the field down the frontstretch to start the Honda Indy Grand Prix of Alabama at Barber Motorsports Park on Sunday April 26 2015. (Photo by: Chris Jones for IndyCar Media)

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