A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact'
unless so noted. Please visit our Hot News page for news. If you have a rumor, or can supply
more information about one listed here,
e-mail us with as
much supporting information as possible and we may post it. User Agreement and Disclaimer.
Newer rumors supersede older ones of the same topic. Go to our
discuss any rumor.
IRL closing on title sponsor?UPDATE #2 Terry Angstadt, the president of the Indy Racing League's commercial division, said Thursday that the series is close to signing a title sponsor for 2010 and beyond. The company IRL officials have been talking to is Phillips-Van Heusen, which has Izod as a brand. Izod is already in partnership with IndyCar. IndyStar
08/25/09AutoWeek reports that IRL officials say that they are nearing a deal for a series title sponsor in 2010, but the company is not Firestone, according to Terry Angstadt, president of the Indy Racing League's commercial division.
08/06/09 Terry Angstadt, president of the Indy Racing League’s commercial division, admits the search for a series title sponsor has been up and down. “It’s been a bit schizophrenic,” he told IBJ recently. The heat from the series’ teams to get a deal done has been ratcheting up despite the lagging economy.
“The on-track product, I think as you saw at Kentucky, is good,” said Penske Racing President Tim Cindric, shown above, right with his boss Roger Penske. “It comes down to promotion and perception. We need someone in the mainstream who believes in the series, and I think the perception will change. The popularity of any sports property has a lot to do with the marketing dollars behind it.”
Angstadt said he has heard the message, and league officials are making progress. He points out that series sponsorship revenue this year is up “six fold” over last year and that elusive title sponsor may be at hand.
“You’ve caught me on a good week,” Angstadt said. “We are talking to a company that is in the third stage of consideration. We’re darn close to being able to get that [title sponsor deal] done. The company we’re talking to is a big consumer brand, and it would be very good for the series.”
Angstadt added that it’s still too early to start celebrating, but he is hopeful a title sponsor will be in place for the 2010 season. Cindric doesn’t want any more excuses—including the economy.
“It’s certainly a challenging time, but there are opportunities in challenging times,” Cindric said. “Ask my boss about that. He’s out there buying car companies.” IBJ.com
Copyright 1999-2013 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, Sprint, or any other series sponsor.
This material may not be published, broadcast, or redistributed without