Shank releases Howard

UPDATE This rumor is now 'fact'. “We are working every possible opportunity to make this happen and continue to hold our entry for the Indianapolis 500," said Michael Shank. “But at this point, we've not made the progress that we need to in terms of having our package finalized and having an agreement with a motor manufacturer. I know firsthand how hard it is to have the opportunity to race in the Indianapolis 500, and the last thing in the world I want to do is to hold Jay back from getting the chance to do that."

“I was really looking forward to working with Mike and helping him finally get into IndyCar," said Howard. “For me personally, I have to keep moving forward and I remain committed to IndyCar and competing in this year's Indy 500. I remain optimistic that IndyCar and the engine manufactures will continue in my corner so we can collectively fill that 33rd spot this year. Thank you to the fans for the their support and to the Indianapolis Motor Speedway for continuing to provide a dream we all continue to work towards."

“This is what I do, and there isn't an ounce of give up in me," said Shank of his IndyCar ambitions. “But we also have to be realistic about the calendar and what it takes to properly prepare for a race like the Indianapolis 500. I'm not done trying to make something happen, but I don't want to keep Jay from realizing his dream, either. I've burned up every favor I could think of, called anyone who would be willing to listen, and been trying to work with Randy [Bernard, IndyCar CEO] to just be able to get a motor. But the hole in the back of my DW12 is no closer to being filled than it was when we filed the entry."

05/02/12 Word is that Michael Shank Racing has released driver Jay Howard to find another team, indicating MSR was not able to get an engine deal for Indy.

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