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.

Sergio Perez wins rain-delayed race in Singapore over Leclerc; Verstappen seventh

Sergio Perez Singapore
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SINGAPORE — Max Verstappen’s Formula One title celebrations were put on hold after the Red Bull driver placed seventh at a chaotic Singapore Grand Prix, won by his teammate Sergio Perez on Sunday.

Perez’s second win of the season saw him finish 7.6 seconds ahead of Ferrari’s Charles Leclerc, with Leclerc’s teammate Carlos Sainz Jr. in third place.

Perez was investigated for a potential safety car infringement but still kept the win after a 5-second time penalty for dropping too far back after being warned.

Verstappen had won the past five races but needed to win here and finish 22 points ahead of Leclerc to be crowned champion for a second straight season. That could happen next weekend at the Japanese GP.

Verstappen made a mistake after the second safety car restart, following AlphaTauri driver Yuki Tsunoda’s crash on Lap 36. When Verstappen tried to overtake Lando Norris’ McLaren, he locked his tires and needed to pit again.

Leclerc started from pole position with Verstappen going from eighth after a team blunder in qualifying.

The race start was delayed by more than an hour to clear water off the Marina Bay Circuit track following heavy rainfall. Drivers had to finish the 61-lap race within a two-hour window; 59 laps were completed.

Tricky conditions saw the virtual safety car deployed three times and DRS was allowed with about 30 minutes remaining.

Perez made a good start and jumped past Leclerc while Verstappen dropped several places. The first safety car was on Lap 8 when Zhou Guanyu’s Alfa Romeo was cut off by Nicholas Latifi’s Williams.

Perez got away cleanly at the restart, while Verstappen climbed into seventh behind Fernando Alonso – whose 350th F1 race ended disappointingly when his engine failed on Lap 21, bringing out the first VSC.

With the track still damp, drivers decided against changing to quicker tires – apart from Mercedes’ George Russell, who struggled for grip.

Hamilton made a rare mistake on Lap 33 and thudded into the crash barrier. Soon after, the leading drivers changed tires in a flurry of stops. They did so just before the safety car was deployed again following Tsunoda’s error.

Verstappen overtook Sebastian Vettel’s Aston Martin right at the end for seventh place.