Gil de Ferran has had to close his eponymous IndyCar team 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 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.”

The de Ferran Luczo Dragon outfit is closing its doors after a single season in IndyCarsAfter a stint in the management group of the Honda F1 outfit, the former Champ Car champion had set up his own racing team to field an Acura prototype in the American Le Mans Series in 2008.

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]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.