FedEx CART sponsorship in doubt

CART ChampCar series title sponsor Federal Express has declined to confirm or deny media reports to the effect that it will not renew its sponsorship into the 2003 season. FedEx made the following statement in Memphis, TN: "FedEx is focusing on supporting the remaining racing events of the [2002] CART FedEx Championship Series and therefore it would be inappropriate to discuss the future of our relationship with CART at this time."

FedEx CART sponsorship in doubt

Federal Express has been the title sponsor of CART's series for the past five years. The company also sponsors the NFL and the PGA Tour, and is the title sponsor of FedEx Field (home of the Washington Redskins football team), the Orange Bowl college football event in Miami, and the St Jude Classic golf tournament in its HQ city of Memphis.

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The European division of FedEx in Brussels, Belgium, has been active in F1 since 1997 when it became a sponsor of Benetton. The company switched to Ferrari in 1999 and to WilliamsF1 this season.

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