Posts Tagged ‘transaction’

Almirola Parts Ways With Phoenix Racing, To Focus On CWTS

Aric Almirola, who qualified for four of the first seven Sprint Cup races for Phoenix Racing, said Monday he has mutually agreed to part ways with the team and will focus on competing for the Camping World Truck Series title with Billy Ballew Motorsports, according to Bob Pockrass of SceneDaily.com. Phoenix Racing lost its sponsorship [...]

Campos Rescue Likely?

It could be confirmed later today that former Midland, Spyker and Force India boss Colin Kolles has put together a package to rescue the Campos Meta team – and thus guarantee that two Dallaras will be on the grid in Bahrain, according to Adam Cooper of SPEED TV. Kolles is expected to take on the [...]

Menard Engine Group Bought

Four respected members of the Indianapolis and open-wheel racing communities announced today its purchase of Indianapolis-based Menard Engine Group (MEG). IZOD IndyCar Series veteran driver Davey Hamilton will lead a group comprised of Scott Jasek, Joe Kennedy and Jeff Sinden – the three owners of Indy Parts, the Indy Racing Experience and Experiential Marketing Incorporated [...]

Highcroft Inks Franchitti

Patrón Highcroft Racing has locked in another American Le Mans Series race winner for its 2010 driver line-up with Marino Franchitti joining forces with David Brabham and Simon Pagenaud. “The calendar clash with Petit Le Mans and IndyCar forced us to look for a new third driver for this year and we were very fortunate [...]

Teixeira, Campos Form Partnership

A partnership between the South African millionaire Tony Teixeira and the new Spanish F1 team Campos could be announced imminently. That information was reported by the sports newspaper Diario AS, following reports linking A1GP boss Teixeira with the possible part-sale of the Campos Meta 1 outfit. “The agreement will become public in the next hours,” said [...]

Saab To Be Bought By Ecclestone, Genii

A pair of notable Formula 1 names are in the running for the purchase of Swedish auto maker Saab. Bloomberg is reporting that the two bidders in question are Formula 1 head Bernie Ecclestone and Luxembourg-based investment company Genii Capital, which recently purchased a major stake in the Renault team. They will be in bidding [...]