IndyCar team boss Gil de Ferran has announced the closure of his eponymous IndyCar team, after it had to part ways with Andretti Autosports outcast Tony Kanaan when all parties failed to secure enough sponsorship to compete in the 2011 championship season.
And with less than a month until the season kicks off, the co-owner of the De Ferran / Dragon / Luczo outfit has all but ruled out being able to find a well-enough-funded driver in time to keep the operation going.
Speaking with the speed.com website, de Ferran said: “We worked hard to fund this thing and tried everything we could but, at the end of the day, we just couldn’t raise enough funds to do it properly.
“It’s a shame because we kept our full crew through the winter, did a lot of R&D and I was confident we had a good season ahead of us.”
De Ferran claims he had examined the prospect of running a part-season, but that he “couldn’t build a case for it.”
He then switched to IndyCars through a merger with Jay Penske and Steve Luczo’s Luczo Dragon Racing operation.
In its first (and now sole) season under this merger, the team ran a single-car operation with Raphael Matos (pictured) behind the wheel, with the Brazilian picking up a pair of fourth-placed results at Sao Paulo and Watkins Glen.
[Original images via LAT]