February 22, 2008

UNIFICATION ! finaly !

Open-wheel racing's 13-year cold war ended on a cold, snowy day here yesterday.
Owners of Champ Car and the Indy Racing League completed an agreement in principle that will unify the sport for 2008.
Gerald Forsythe, co-owner of Champ Car, signed an agreement in principle in Chicago, joining partner Kevin Kalkhoven and Indy Racing League boss Tony George, who had signed late Thursday in Indianapolis.
That was the last signature required to bring this long process to a conclusion.
"We just made it to the starting line, we didn't cross the finish line," George said. "It is the beginning, now all the hard work starts. There is a lot of opportunity. We won't realize everything all at once by simply announcing this. But I know that everybody has been awaiting this day for a long time.
"Now we have to roll up our sleeves and get after it."
The deal will see Champ Car cease to exist and some of its teams will become part of the Indy Racing League. Champ Car has previously staged four races in Canada: Toronto (starting in 1986), Vancouver (1990-2004), Edmonton (starting in 2005) and Montreal (starting last year).
The Associated Press reported that threecurrent ChampCar races --Long Beach, Edmonton and Australia-- would be added to the IndyCar schedule. More of the Champ Car races, such as Toronto or Montreal, could be added in 2009.
Meanwhile, it appears the Toronto and Montreal races will be cancelled for this year.
"The unification of Champ Car and IRL is beneficial to race fans, sponsors, event promoters and Canadian motor sports in general," Charlie Johnstone, president and CEO of the Grand Prix Association of Toronto, said in a statement. "Our team of staff, partners, sponsors and supporters is continuing to work diligently to ensure that Toronto's premier racing festival, the Grand Prix of Toronto, has the most solid foundation on which to build continued success for many years to come. From a sport and business standpoint, the positives outweigh the negatives."
George, who has invested millions of his family's fortune into the IndyCar Series since it was first announced on March 20, 1994, has also made a financial settlement to take over some of Champ Car's assets, such as all "intellectual properties" and its equipment.