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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.

Marvin Musquin to miss entire 2020 Supercross season

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On Friday, Marvin Musquin announced on Instagram he will miss the entire 2020 Supercross season with a knee injury.

The injury was sustained earlier this week in a practice crash at the KTM test track when he overjumped an obstacle and landed hard.

It’s “not the kind of news I’m excited to share with you guys,” Musquin wrote. “I was really happy to be back on the bike riding after being injured at the end of the Motocross season and starting to train for Supercross. Unfortunately, I had an incident at the KTM test track and ultimately over-jumped a jump that had a very big impact on my legs when I landed, injuring my left knee.”

I had it evaluated by several doctors and it was determined that my knee required surgery. It’s devastating news to me as I was really looking forward to racing Supercross, but I will take the time needed to recover properly with my main focus being to return when I am strong enough to win races.”

Last year, Musquin sustained another knee injury in November that threatened his 2019 Supercross season. He was able to ride in the Anaheim 1 event and finished in the top 10. Musquin improved throughout the season, winning two races and finishing third in the points after making a determined charge.

Musquin missed the 2011 and 2014 Supercross seasons with ACL injuries.

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Not the kind of news I’m excited to share with you guys… I was really happy to be back on the bike riding after being injured at the end of the Motocross season and starting to train for Supercross. Unfortunately, I had an incident at the KTM test track and ultimately over-jumped a jump that had a very big impact on my legs when I landed, injuring my left knee. I had it evaluated by several doctors and it was determined that my knee required surgery. It’s devastating news to me as I was really looking forward to racing Supercross, but I will take the time needed to recover properly with my main focus being to return when I am strong enough to win races. A big thanks to my team @ktmusa for supporting me in this tough time. I feel terribly sorry for them and all my sponsors for not being able to represent them on the track for the 2020 AMA SX season. But we will be back 👊🏼

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