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George’s Vision Racing suspends operations

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George’s Vision Racing suspends operations

Tony George’s IndyCar team has suspended operations for lack of sponsors and is not expected to compete in the series this season.

Vision Racing spokeswoman Pat Caporali says George informed team members Thursday morning. She says 15-20 workers will be laid off.

Caporali says the IRL founder made the decision because he had not secured enough sponsors for the 2010 season. He had formed Vision Racing in 2005 and his stepson, Ed Carpenter, has been its main driver.

George was president of the Indianapolis Motor Speedway for 20 years and formed the IRL in 1994. The speedway board controlled by his mother and sisters ousted him as CEO and president of the IndyCar series last June amid job cuts at the track and concerns about his spending on track upgrades.

George resigned from the board two weeks ago.

© 2010 Associated Press. Displayed by permission. All rights reserved.

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