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Verizon confirms IndyCar title sponsor role exit after 2018

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As perhaps expected, Verizon has confirmed Friday it will end its role as Verizon IndyCar Series title sponsor following the end of its fifth year in 2018.

Reports surfaced shortly after this year’s IndyCar season finale at Sonoma Raceway that Verizon was re-evaluating its role within the series.

Indeed, as it was before becoming title sponsor in 2014, Verizon will remain a partner with Team Penske despite not also carrying the series title sponsor role.

In a statement, Hulman & Co. CEO Mark Miles thanked Verizon for its support in this overall series role.

“Verizon has been a super sponsor and will continue to be so through all of next season. We appreciate that they reached their decision in a timely way so that we can thoughtfully and deliberately go back into the market for 2019,” Miles said in a statement, via Sports Business Journal.

Roger Penske also issued a statement, also via SBJ, saying, “We want to thank Verizon for the support they have provided the IndyCar Series and the role they have played as they helped us grow the sport as the title sponsor for the past five years. Verizon has helped the series reach new fans through their world-class activation and technology, including the Verizon IndyCar Mobile App. While they will no longer be the Series Title Sponsor after 2018, it is exciting they will still be in the sport through their relationship with our organization.”

The Verizon IndyCar Series has built a wave of momentum over the last few years with its competition level, parity and enthusiasm for some revived events, with Gateway Motorsports Park and Road America standing out as highlights being brought back after an extended hiatus.

The good news for INDYCAR (sanctioning body) is that there’s a new Dallara universal aero kit that’s been busy with testing the last few months and is now in the hands of manufacturers for manufacturer testing, and the series announced long-term extensions with Dallara, Chevrolet, Honda and Firestone earlier this year. New series champion Josef Newgarden has also been busy in a number of media events and appearances since the Sonoma season finale.

With this confirmation, INDYCAR has a new entitlement sponsor to find and a new TV contract to sort, with both existing contracts up after 2018.

IndyCar teams with NASCAR on IMS road course doubleheader in 2021

IndyCar NASCAR doubleheader 2021
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The NTT IndyCar Series will be sharing Indianapolis Motor Speedway with the NASCAR Cup Series in a race weekend doubleheader for the second consecutive season, but both series will be on the road course in August 2021.

IMS announced Wednesday that IndyCar will hold an Aug. 14, 2021 race on its 14-turn, 2.439-mile road course. It’ll be a day before NASCAR’s premier series runs the same layout for the first time after the Brickyard 400 was contested on the 2.5-mile oval for the first time in 27 years.

This season’s rescheduling of the IndyCar GMR Grand Prix to July 4, 2019 (a day before the Brickyard 400) led to the first NASCAR-IndyCar doubleheader weekend. The Xfinity Series also raced on the IMS road course for the first time July 4 after the IndyCar race ended.

INDYCAR AT IMS THIS WEEKEND: Harvest GP schedule, entry lists

IndyCar will be holding its second race weekend this year at the IMS road course Friday and Saturday with the Harvest GP.

“Our first NASCAR-INDYCAR weekend was a big success last July, with positive feedback from
our loyal fans who watched the races on NBC and from the drivers, teams and participants
involved,” IMS president Douglas Boles said in a statement. “The Xfinity Series’ debut on the IMS road course provided exactly the kind of thrilling action from the green to checkered flags that we anticipated, so we know the teams and drivers of the Cup Series will put on a great show as they turn left and right for the first time at IMS.

“We can’t wait to welcome back fans to see NASCAR and INDYCAR together during this
exciting weekend as we add another memorable chapter in the long, storied history of the
Indianapolis Motor Speedway.”

It also will mark the first NASCAR Cup-IndyCar doubleheader with a crowd as fans weren’t permitted at IMS in July because of the novel coronvavirus (COVID-19) pandemic.

Over the course of Wednesday, NASCAR is releasing its 36-race slate for next season. IndyCar has yet to release its full 2021 schedule.