Meyer Shank Racing adds Liberty Media to help expand team

Meyer Shank Racing will be expanding again next season, adding Liberty Media as a partner.

On Friday, Michael Shank announced the parent company of Formula One has made a minority equity investment in the Ohio-based team, which will help fund its IndyCar operations as well as its recently announced multiyear deal with the Acura DPi program.

Meyer Shank Racing is pleased to announce that Liberty Media has made a minority equity investment in the Ohio-based team, which is attributed to the Formula One Group.

The investment will go towards the growth of Meyer Shank Racing’s motorsports operations, including the recently announced multi-year Acura DPi program as well as future expansion of the team’s INDYCAR program.

After starting in Formula Atlantics, Meyer Shank Racing moved its focus to sports car competition, building a championship-winning organization that includes a full-time IndyCar program as well as a highly successful sports car team.

The team has won some of the biggest races in sports car competition and secured the 2019 IMSA WeatherTech team and driver championships. After three partial seasons in the NTT INDYCAR Series, Meyer Shank Racing grew to contest its first full-time schedule in 2020. The team will compete in the IMSA WeatherTech SportsCar Series again in 2021, teaming with Acura for a move up to the top DPi class starting with the Rolex 24 At Daytona in January

“We have worked to build our IMSA and IndyCar racing programs step by step and this is another big progression for our organization to have Liberty Media make an equity investment in MSR,” Shank said. “The investment by Liberty Media will enable us to continue to build and develop our programs.”

A special message of THANKS from Mike Shank after a big week for the team. 🙏🏻 pic.twitter.com/bk0RaSDOS6

— Meyer Shank Racing (@MeyerShankRac) October 2, 2020