IRL lost $22 Million in 2009

Sources close to the IRL said the series lost $22 million last year, and many motorsports experts think it will be difficult in the current economic climate to close that gap in the next two years.

IRL officials have cut $2 million in overhead in the last year, have raised $3 million in cash annually with a new title sponsorship deal, and can expect $2 million in profits from the Brazil race, said motorsports business experts. That still leaves a $15 million hole to close.

Aside from races in Indianapolis; Long Beach, Calif.; Edmonton, Canada; and Motegi, Japan, the IRL’s other 13 races break even or lose money, sources close to the series said."