George shuts down Vision Racing
The checkered flag has dropped on Tony George’s Indy Car team.
George’s open-wheel organization suspended operations
Thursday, according to the
Indianapolis Star. Vision Racing was owned by George, his
wife, and actor Patrick Dempsey.
George’s stepson, Ed Carpenter, drove for the team, which was
started in 2005 when George bought the assets of former IRL team
Vision Racing spokeswoman Pat Caporali says George informed
team members Thursday morning. She said 15-20 workers will be laid
off. Caporali said the IRL founder made the decision because he had
not secured enough sponsors for the 2010 season.
The move is another blow to George’s open-wheel career in an
already tumultuous year for the former team owner. In June 2009,
George resigned as CEO of Indianapolis Motor Speedway, which is
owned by his family. He resigned from the speedway’s board two
He also resigned from his leadership role at the IRL, which
he founded as a more affordable alternative to CART. The move in
1996 to create a new series opened a major riff in U.S. open-wheel
racing that wasn’t repaired until the IRL took over the Champ Car
series in 2008.
— The Associated Press contributed to this report.