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HVM set to receive $1m entrant's subsidy

Perhaps the other big surprise in the Leaders Circle announcement is confirmation that the third of last year's entries to be formally dropped is the Team Penske car of Ryan Briscoe, meaning that the Australian is in urgent need of a new race seat before the season opener in St Petersburg on March 24.

Of the 24 likely full-time entries in total for the 2013 season, only HVM and Dale Coyne Racing are yet to announce their driver line-up, although Justin Wilson is expected to take one of the Dale Coyne seats and former F1 driver Narain Karthikeyan has recently been linked to the other.

This year's only confirmed entries not to receive Leaders Circles funds are the new second cars being fielded for Schmidt Peterson Motorsports and Rahal Letterman Lanigan Racing, to be driven by Tristan Vautier and James Jakes respectively. Dragon Racing is also said to be hoping to find funds and an additional Chevrolet engine deal to put Britain's Katherine Legge back into a second car in 2013.

Hamilton confirms Schmidt partnership extension

Former IndyCar driver Davey Hamilton has confirmed that he will remain as a co-owner of the Schmidt Peterson Motorsports' #77 entry driven by Simon Pagenaud.

Hamilton's status with the team had been described as up in the air last week. SPM confirmed the signing of Tristan Vautier as its second driver, but at the same time it also announced that the team had brought in a new equity partner, Ric Peterson, leading to the change in the squad's name after racing as Schmidt Hamilton Motorsports in 2012. (See story.)

Hamilton indicated at the time that while he'd worked well with Sam Schmidt last year, it now seemed likely that he would go elsewhere to continue his team ownership activities in 2013. However, subsequent negotiations have bridged the gap and seen Hamilton stay on after all; his involvement with the team comes with substantial financial backing from Hewlett-Packard.

"Ric Peterson and I worked directly on this deal," Hamilton told on Wednesday. "Sam was busy and couldn't make it, but it was really easy with the Petersons and I think we'll have a great season together."

Hamilton also explained how the new partnership would work.

"The easiest way to explain it is Schmidt Peterson owns the entire team," he said. "The Schmidt Hamilton entry for Simon Pagenaud with HP is the #77 car, and the #55 for Tristan is the Schmidt Peterson entry." He added that it would be "like two entries under one team."

Related Pictures

Click on relevant pic to enlarge
15-21 MAY, 2010, Indianapolis, Indiana, USA #21 HP de Ferran Dragon Racing`s Davey Hamilton.
Sam Schmidt Motorsports` Tristan Vautier and Simon Pagenaud at Sebring International Raceway in December 2012. (Photo Credit: J. Hendrick for IndyCar Nedia)
Simon Pagenaud in action on the streets of Baltimore. (c) 2012 Phillip Abbott (Photo Credit: INDYCAR/LAT USA)
HVM Racing`s Simona de Silvestro testing at Sebeing - February 2012. [Photo Credit: HVM Racing]
Simona de Silvestro in the #78 Nuclear Clean Air Energy Lotus HVM Racing car  during pre-season testing at Sebring. March 2012. [Photo Credit: Michael Levitt - LAT for IndyCar Media]
Rain drops on a space nose cone for Ryan Hunter-Reay`s car (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay celebrates (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay gets a new ride (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay celebrates (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay with the winner`s trophy (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay celebrates (Photo by: Shawn Gritzmacher 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)
Ryan Hunter-Reay sits in his car during a rain delay at Iowa Speedway (Photo by: Shawn Gritzmacher 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 leads Ryan Briscoe (Photo by: Chris Owens for IndyCar Media)
Ed Carpenter Racing in Victory Circle (Photo by: Chris Jones for IndyCar Media)
Ryan Hunter-Reay exits Turn 2 during practice for the Chevrolet Dual In Detroit (Photo by: Chris Owens for IndyCar Media)

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shaken - Unregistered

February 07, 2013 2:26 PM

.......there is a snag, they still have to qualify for the 'Greatest Spectacle in Racing' (thats the Indy500) in May! That much said, may I wish them all the best and good racing!

T - Unregistered

February 07, 2013 1:07 PM

Newman Hass DID receive leaders circle money when they were an entrant in the series - when they pulled out in 2012 their leader circle money went to Dragon and ECR. Its rumoured circa $10m is required per car to run in the Indy series. Its probable that HVM will run a car on behalf of another entrant - rumoured to be Dragonlast I heard..

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