IndyCar to file for bankruptcy? No (2nd Update)

UPDATE A 2nd official statement from IndyCar has been received by AR1.com: The INDYCAR article posted yesterday on the Autonet blog is blatantly inaccurate and irresponsible. INDYCAR has experienced positive financial momentum in the last calendar year, including the addition of several new partners, highlighted by a title sponsorship agreement with Verizon. The series also experienced substantial increases in TV ratings, viewership and several other key metrics. We look forward to the continuation of this upward trend as we approach the start of the 2015 Verizon IndyCar Series season.

Derrick Walker says IndyCar is not filing for bankruptcy

02/07/15 UPDATE AR1.com received this official response to this rumor started by the French Canadian publication noted below: "There is absolutely no truth or credibility to the article whatsoever. IndyCar's season opener will be at St Pete on March 28th and with the increases in excitement expected by the introducing of aero kits, 2015 looks every bit on target to be another great IndyCar season of racing." Derrick Walker, Director of Competition

02/06/15 This story is loosely translated from this French Canadian website. The Indy Racing League IndyCar might declare bankruptcy shortly. This is what we have just learned exclusively. It's not a secret that the car series has difficulty (since Tony George destroyed the sport by splitting it).

After a war to end the rival Champ Car series, the teams have not had it easy. Sponsors have not rushed to the doors and promoters are on thin ice with the cancellation of the first race of the season in Brazil and other races failing every year. The Brazilian government may have known about the bankruptcy and decided to cancel the event.

Since the founding of the IRL almost 20 years ago and the first event at Disney Land, the American series never made a dime. At the time, it was the Indianapolis 500 that supported it.

All indications are that no public announcement will be made at this time. It seems that the season will proceed. Some rumors mention the possible sale of the series by the family or filing for bankruptcy. There is even talk that the series could restart under another name (CART – remember that?). Sixteen events are on the 2015 schedule including the Toronto race in June, a week after the Canadian Grand Prix.