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Andretti Green Racing


AFS Racing/Andretti Green Racing

ANDRETTI GREEN RACING SHAREHOLDERS SIGN LETTER OF INTENT TO SPLIT OFF PROMOTIONS BUSINESS


INDIANAPOLIS, Ind. (Aug. 20, 2009) - The shareholders of Andretti Green Racing, Inc., Michael Andretti, Kim Green and Kevin Savoree, announced today that they have executed a letter of intent to split off Andretti Green Promotions and Andretti Green Toronto into a separate company from Andretti Green Racing.
 
Andretti Green Racing began competing in the Indy Racing League in 2003 and currently fields four fulltime teams in the IndyCar Series and two teams with AFS Racing in Firestone Indy Lights. Andretti Green Racing also campaigns A1 Team USA in the A1GP World Cup of Motorsport. Andretti Green Promotions was formed in 2004, and owns and operates the Honda Grand Prix of St. Petersburg, which served as the 2009 IndyCar Series season-opening event. Andretti Green Toronto owns and operates the Honda Indy Toronto IndyCar Series event which premiered this past July.
 
The letter of intent is subject to the execution of definitive agreements with an anticipated closing of October 2009. The terms of the letter will not be disclosed.  Upon the completion of the transaction, Andretti will wholly own and operate Andretti Green Racing while Green and Savoree will wholly own and operate the promotions business.
 
 
JOINT STATEMENT FROM SHAREHOLDERS
MICHAEL ANDRETTI, KIM GREEN AND KEVIN SAVOREE:
       "Since becoming partners in 2002, we have been fortunate to see our companies expand and diversify quickly and successfully. All of us believe that this decision will maximize the potential of both companies in the future."

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    AFS Racing/Andretti Green Racing
    Firestone Indy Lights Pre-Race Report
    Miller Lite 100
    Iowa Speedway
    June 17, 2009
    Who:  #26 AFS/AGR Dallara/Firestone driver J.R. Hildebrand
    Who:  #27 AFS/AGR Dallara/Firestone driver Sebastian Saavedra
    What:  Miller Lite 100, Round 7 of the 2009 Firestone Indy Lights Series
    Where:  Iowa Speedway, Newton, Iowa
    When:  Saturday, June 20, 2009, 7 p.m. (EDT)
    Television:  Versus, Monday, June 22, 2009, 4 p.m. (EDT)

     
    J.R. Hildebrand Facts:
    • Won his first race of the 2009 Firestone Indy Lights season at the Grand Prix of Long Beach.
    • Finished second in last two series events at Indianapolis Motor Speedway and The Milwaukee Mile.
    • Hildebrand is currently leading the 2009 Firestone Indy Lights championship point standings.
    J.R. Hildebrand on the Miller Lite 100: 
    "I'm really looking forward to getting back in the racecar. The team was strong at Iowa last year, so I think we will be able to continue to carry out momentum toward a good result there this year."


    Sebastian Saavedra Facts:
    • Won his first career Firestone Indy Lights race at Kansas Speedway in April.
    • Currently sits second in the 2009 Firestone Indy Lights championship points.
    • Achieved the first pole position and first podium finish of his Firestone Indy Lights career with a second-place finish in Race #2 at the Honda Grand Prix of St. Petersburg.
    • 18-year old rookie of the year candidate from Bogota, Columbia.

    Sebastian Saavedra on the Miller Lite 100:

     "I'm very excited to get back in the car and race again.  We've had a few weeks off to get prepared for Iowa.  Knowing how successful the AFS/AGR team has been in Iowa from previous races, it makes me even more excited.  We'll work even harder to get as many points as possible, since I think the points we get around this time of the season are most important for the championship."

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    Andretti Green IndyCar Post Race Quotes
     2009 Indianapolis 500
    May 24, 2009
    		 

    Driver:  Danica Patrick
    Car:  #7 Boost Mobile/Motorola Dallara/Honda/Firestone     

    Danica Patrick: Started 10th, finished 3rd
         "The Boost Mobile/Motorola guys did a great job in the pits today and we had great stops all day. I had a really strong car for the last few stints and would have loved to see the last 35 laps raced green. I know we would have had no issues making it to the end without stopping. I was happy to keep the #7 car up front toward the end of the day. It was a great race for the fans and I'm happy for Helio (Castroneves); he was super fast all day."


    Driver:  Tony Kanaan
    Car:  #11 Team 7-Eleven Dallara/Honda/Firestone
     
    Tony Kanaan: Started 6th, finished 27th
         "The race didn't end the way we hoped it would for Team 7-Eleven. Something on the car broke in the middle of the straightaway and I hit head on going into turn three. It's always sad to be out of a race but I'm happy that I walked away; it was a nasty, nasty crash. I have to thank the Delphi Safety Crew and the IRL; that was a 180 mile per hour, head-on hit and I'm still standing."


    Driver:  Marco Andretti
    Car:  #26 Team Venom Energy Dallara/Honda/Firestone
     
    Marco Andretti: Started 8th, finished 30th 
         "Today's results were really unfortunate for the #26 car. I'm disappointed for the Venom boys; I think we would have been quick today. We worked hard all month to find a good car and now we'll never know what we truly had today. We just have to move forward and hopefully we'll have a few more shots at winning here. Next weekend is a new race and we'll be ready."  


    Driver:  Hideki Mutoh
    Car:  #27 Formula Dream Dallara/Honda/Firestone 
    Hideki Mutoh: Started 16th, finished 10th
         "The #27 car was really good but on the other hand, I was hoping for a better finish. I think that with better luck in the pits we had a great chance at finishing in the top-five. The Formula Dream crew worked so hard and I'm very thankful to be part of a team with so much dedication. I learned a lot today and it was great to drive such a fantastic car. I'm looking forward to Milwaukee next weekend."

 

  

 

Andretti Green Racing
 IndyCar Series Pre-Race Report
Iowa Corn Indy 250
Iowa Speedway
June 16, 2009
 

 

Who: Andretti Green Racing drivers Danica Patrick, Tony Kanaan, Marco Andretti and Hideki Mutoh
What:  Iowa Corn Indy 250, Round 7 of the 2009 IndyCar Series
Where:  Iowa Speedway, Newton, Iowa
When: Sunday, June 21, 2009, 1:30 p.m. (EDT)
Television: ABC, Sunday, June 21, 2009, 1 p.m. (EDT)

Driver:  Danica Patrick
Car:  #7 Boost Mobile/Motorola Dallara/Honda/Firestone 

Danica Patrick Facts:
-Patrick has four top-five finishes thus far in the 2009 season. 
-Patrick finished third at the 2009 Indianapolis 500, her highest career finish in that event. 
-Patrick is currently fifth in the championship point standings.
-Patrick won her first IndyCar Series race in 2008 at the Indy Japan 300.
-Patrick had three top-five and nine top-10 finishes in 2008 and finished sixth in the final IndyCar Series point standings.

Danica Patrick on the Iowa Corn Indy 250: 
"It was great to have a weekend off, but I'm ready to get back into the car this weekend in Iowa.  I hope the Boost Mobile/Motorola car has a strong finish come Sunday and keeps us in contention for the championship." 
Driver:  Tony Kanaan
Car:  #11 Team 7-Eleven Dallara/Honda/Firestone
 
Tony Kanaan Facts:   
-Captured his first podium finish in 2009 at the Grand Prix of Long Beach, with a third-place finish.
-Kanaan is currently seventh in the championship point standings. 
-Finished third in the 2008 IndyCar Series championship.
-Has led over 2,500 laps throughout his IndyCar Series career and won the 2004 IndyCar Series championship.

Tony Kanaan on the Iowa Corn Indy 250:
"It's been great to have a weekend off from racing not only for me but for the Team 7-Eleven guys, but it's time to get back to work.  I enjoy going to Iowa. Hopefully we can get the #11 car into victory lane; it's long overdue." 
Driver:  Marco Andretti
Car:  #26 Team Venom Energy Dallara/Honda/Firestone
 
Marco Andretti Facts:
-Andretti finished third at Iowa Speedway in 2008. 
-Andretti is currently eighth in the championship point standings.
-Won his first career pole position when he claimed the pole at Milwaukee (2008), the same place where his father (Michael) recorded his first pole position.
-Andretti drove to a sixth-place result in the 2009 Road Runner Indy 300 at Kansas Speedway. 
-Andretti finished the 2008 IndyCar Series season seventh in point standings with 363 points.

Marco Andretti on the Iowa Corn Indy 250:
 "I'm looking forward to returning to Iowa Speedway. It's a track where I think the #26 car and Andretti Green as a whole have been very strong. Hideki (Mutoh) and I both finished on the podium last year, and I brought home second the year before that. Hopefully we can keep at least the podium streak alive, although maybe on the top step this year. It should be a great weekend for Team Venom Energy."
  
Hideki Mutoh Facts:
-Mutoh finished second at the Iowa Corn Indy 250 in 2007. 
-Mutoh is currently 12th in the championship point standings.
-Mutoh posted a 10th place finish in the 2009 Indianapolis 500, which was his second top 10 at the 500 in two career starts.
-Mutoh captured the 2008 Bombardier Learjet Rookie of the Year award by finishing 10th in the IndyCar Series championship.

Hideki Mutoh on the Iowa Corn Indy 250: 
"It was nice to have a week off before we get back in the car and head to Iowa.  I finished second last year, and it's one of my favorite tracks.  My finish last year is the best finish I have had in my racing career, so I'm looking forward to this weekend." 
 
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Photo Gallery from Qualifying at Indianapolis




 

 

 

 

 

 

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ph: 630-776-3411