IndyCar Rumor: Prema decides racing in IndyCar is not worth it

Prema Racing, the Italian motorsport powerhouse renowned for nurturing Formula 1 talents like Charles Leclerc and Oscar Piastri, is reportedly looking to offload its IndyCar operation just a year after its ambitious debut.

–by Mark Cipolloni–

According to sources cited by Racer, the team is seeking a buyer for its IndyCar program at a price tag of $25 million, a move that has sparked intrigue across the paddock as the 2026 season looms.

Prema’s entry into IndyCar in 2025 was a bold step for the outfit, long celebrated for its dominance in junior single-seater categories like Formula 2 and Formula 3. Fielding a two-car team with Callum Ilott and rookie Nolan Siegel, the squad showed flashes of promise but struggled to translate its European pedigree into consistent results on the American stage.

Despite high expectations, Prema sits 10th in the IndyCar teams’ championship, with Ilott’s sixth-place finish at Toronto marking their season highlight. The team’s challenges, from adapting to IndyCar’s unique ovals to navigating a packed 17-race calendar, have fueled speculation about its long-term commitment.

The reported $25 million asking price reflects the significant investment Prema poured into its IndyCar infrastructure, including a state-of-the-art race shop in Indiana and a roster of experienced engineers.

Sources suggest the team’s decision to sell stems from a strategic pivot, with Prema eyeing a potential return to its European roots or new ventures in other racing series, such as sportscar racing. However, the team has remained tight-lipped, with no official comment from Prema leadership, including team principal Rene Rosin, on the rumored sale.

The timing of the potential sale raises questions about Prema’s future in IndyCar, especially with the series gaining momentum through new media deals and hybrid powertrains. Insiders note that interested buyers—potentially existing IndyCar teams looking to expand or new players eyeing a foothold—could see Prema’s established setup as a turnkey opportunity. Yet, the $25 million valuation may deter some, given the financial tightrope of IndyCar’s cost-conscious ecosystem.

Assuming this rumor is true, it is likely the only thing that will keep the Prema team racing in IndyCar is if two ridebuyers come to the team with big checks.