Franchitti forced to retire after Houston injuries (VIDEO)

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Dario Franchitti has announced that as a result of his injuries suffered at Houston in October, he will be forced to stop his racing career.

Franchitti will leave IndyCar racing after four championships and three Indianapolis 500 victories.

Here’s his statement in full, released on the Target Chip Ganassi Racing website:

“Since my racing accident in Houston, I have been in the expert care of some of the leading doctors and nurses, all of whom have made my health, my safety and my recovery their top priority.  I am eternally grateful for the medical care I have received over the last several weeks.  I’d also like to thank my family and friends for their unbelievable support.

One month removed from the crash and based upon the expert advice of the doctors who have treated and assessed my head and spinal injuries post accident, it is their best medical opinion that I must stop racing.  They have made it very clear that the risks involved in further racing are too great and could be detrimental to my long term well-being.  Based on this medical advice, I have no choice but to stop.

Racing has been my life for over 30 years and it’s really tough to think that the driving side is now over.  I was really looking forward to the 2014 season with Target Chip Ganassi Racing, with a goal of winning a fourth Indianapolis 500 and a fifth IndyCar Series championship.

I’d like to thank all my fellow competitors, teammates, crew and sponsors for their incredible support over the course of this amazing ride.  I’d also like to thank Hogan Racing, Team KOOL Green and Andretti Green Racing for the opportunities to compete on the racetrack, and especially Target Chip Ganassi Racing, who have become like a family to me since I joined their team back in 2008.  I would be remiss if I didn’t thank all my fans around the world.  I can’t thank you enough for standing by my side for all these years.

I’ll forever look back on my time racing in CART and the IndyCar Series with fond memories and the relationships I’ve forged in the sport will last a lifetime.

Hopefully in time, I’ll be able to continue in some off-track capacity with the IndyCar Series.  I love open-wheel racing and I want to see it succeed.  I’ll be working with Chip to see how I can stay involved with the team, and with all the amazing friends I’ve made over the years at Target.

As my buddy Greg Moore would say, ‘See you up front.’”

UPDATE, 2:00 p.m. ET, Friday: NBCSN IndyCar pit reporter Marty Snider called into NBCSN’s “SportsDash” on Friday to discuss the injuries.

Conor Daly, Jack Harvey crash out of Indy 500

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Conor Daly and Jack Harvey have crashed out of the 101st Indianapolis 500 presented by PennGrade Motor Oil on lap 65.

Daly, in the No. 4 ABC Supply A.J. Foyt Racing Chevrolet, was working his way through traffic and attempted an outside pass on Charlie Kimball entering Turn 3.

However, Daly’s car broke loose on the outside in the middle of the corner. He corrected, but drifted too high and impacted the wall exiting the corner. He immediately took responsibility over the radio and apologized to his team before exiting the car on under his own power.

Jack Harvey, in the No. 50 Michael Shank Racing with Andretti Autosport Honda, was an innocent bystander and spun to avoid debris off Daly’s car. However, he spun to the inside wall between Turns 3 and 4. He, too, climbed from his car unhurt, although on replay it appeared his car was not far removed from one of the Holmatro Safety Team rescue vehicles.

Jack Harvey was an innocent bystander in Conor Daly’s accident. Photo: IndyCar

Both drivers were checked, cleared, and released from the infield medical center.

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Dixon OK after airborne crash with Howard; Indy 500 red-flagged

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Polesitter for the 101st Indianapolis 500 presented by PennGrade Motor Oil, Scott Dixon’s race has come to an early end.

Jay Howard hit the wall coming out of Turn 2 and rolled through the middle of the straightaway with a broken car, with his right front suspension askew. Dixon was coming out of the turn and was unable to avoid the wreckage of Howard’s car.

Dixon bounced off and went airborne, turning over once before landing on all four wheels. Somehow during all of that, Helio Castroneves was able to sail under the airborne Dixon and was not involved in the incident.

Both drivers climbed out of their cars and were taken to the Indianapolis Motor Speedway infield care center.

The race was red flagged on Lap 55 to allow safety teams to clean up a significant amount of debris from both cars, as well as to repair safety fencing on the inside of the track.

Former two-time Formula 1 World Champion Fernando Alonso is scored in first place, followed by last year’s Indy 500 winner, Alexander Rossi and Takuma Sato.

Dixon, mercifully, was OK.

“Yeah just a little beaten up there. A bit of a rough ride,” Dixon told ABC’s Dr. Jerry Punch. “I’m bummed for the team and for Camping World. We got a little loose on the first stint. We were a bit light on downforce. I’m just bummed for them and glad everyone is OK. Definitely a wild ride. Thank you for Dallara and the safety status.

“It’s tough. I was hoping Jay would stay against the wall. I’d already picked that way to go and there was nowhere else to go. I’m glad he’s OK too. You believe in the safety progress of these cars.”

Howard told Punch, “Yeah, I’m fine. Credit to INDYCAR, Indianapolis Motor Speedway, the safety team, Dallara for building this car. I’m fine thanks to them. I’m really glad Scott’s okay. He was a victim of this. It sucks.”

Howard said he wasn’t sure what caused him to hit the wall, whether a part broke in the suspension or something else. But he did blast fellow driver Ryan Hunter-Reay.

“Hunter-Reay gets a run on me, I lift to let him go, try to be a nice guy, he moves right over on me and cuts me into the gray and all the marbles and the rest is history, he causes a massive accident,” Howard told ABC. “To say I’m unhappy is an understatement.”

Both Howard and Dixon have been checked and released from the care center and cleared to drive.

The race was red flagged for 19 minutes from 1:09 p.m. to 1:28 p.m. Engines have now been restarted as the field completed Lap 56.

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Hamilton exceeds Mercedes’ expectations with fightback to P7 in Monaco

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Lewis Hamilton was left pleased with his fightback from 13th on the grid to finish Sunday’s Monaco Grand Prix in seventh place, going some way to limit the damage of Formula 1 title rival Sebastian Vettel’s victory for Ferrari.

Hamilton qualified a lowly 14th on Saturday in Monaco after struggling with setup and tire management, but gained one place on the grid following Jenson Button’s penalty.

Hamilton passed just one car in the opening stint of the race and struggled to keep up with the cars ahead, prompting Mercedes to extend the Briton’s ultra-soft run for as long as possible.

Hamilton was able to find some clear air when the cars ahead made their pit stops, giving him the chance to lay down some rapid laps that vaulted him up to seventh thanks to the overcut, where he would finish the race.

“I’m really, really happy that I was able to fight back to seventh. The strategists said P10 was probably the maximum today, so it feels great to have beaten that target,” Hamilton said.

“To score six points, considering where I was on the grid after a disastrous day on Saturday is a good recovery. Today it was impossible to overtake and I tried everything to get past Carlos [Sainz] at the end!

“I’m just grateful to have ended up in P7. I went on the radio at the end there to make sure the team know that this battle isn’t over.

“We’ll be sure to push those red cars hard next time out in Canada. We’ve got a real fight on our hands, but there are still 14 races to go.”

With Vettel’s victory, Hamilton now sits 25 points behind in the F1 drivers’ championship with 14 races remaining this season.

Raikkonen disappointed as strategy calls costs him shot at Monaco win

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Kimi Raikkonen was left disappointed following Sunday’s Monaco Grand Prix after Ferrari’s strategy call cost him a shot at his first victory for the Scuderia since 2009.

Raikkonen took his first pole for almost nine years on Saturday in Monaco and led the early part of the race from teammate Sebastian Vettel.

Ferrari pitted Raikkonen just before half distance, but opted to keep Vettel out as the German put in a series of quick laps to get the overcut on his teammate.

Vettel emerged from his stop ahead of Raikkonen on-track and retained his advantage to the checkered flag, clinching Ferrari’s first win in Monaco since 2001.

While P2 marked Raikkonen’s best result of the season so far, the Finn was careful with his words in the post-race podium interviews, his disappointment clear to see.

“Hard to say really,” Raikkonen said when asked how he was feeling.

“Obviously… you know it’s still second place, but it doesn’t feel awful good. This is how it goes sometimes.

“We go for the next race and try to do better. One of those days that you wish you had a bit more.”