F1 owner Liberty invests in IMSA and IndyCar team Meyer Shank Racing

Meyer Shank Racing has announced that Formula 1 majority shareholder Liberty Media has made a minority equity investment in the team

F1 owner Liberty invests in IMSA and IndyCar team Meyer Shank Racing

MSR became a full-time one-car IndyCar team this year after gradually building up its number of outings in the series, and switching partner teams from Arrow Schmidt Peterson Motorsports (as it was then) to Andretti Autosport.

This was in line with Arrow McLaren SP becoming a Chevrolet-powered team, and Michael Andretti's team remaining with Honda.

This also reflected MSR's continued alliance with Honda Performance Development, for whom it runs - with title-winning success - Acura NSX GT3s in the GTD class of the IMSA SportsCar Championship.

Next year, MSR returns to the Prototype class to run one of the Acura ARX-05 entries, as Team Penske departs.

Today's statement from MSR said that Liberty's investment "will go towards the growth of Meyer Shank Racing's motorsports operations, including the recently announced multi-year Acura DPi program as well as future expansion of the team's IndyCar programme".

Team co-owner Michael Shank stated: "We have worked to build our IMSA and IndyCar racing programmes step by step and this is another big progression for our organisation to have Liberty Media make an equity investment in MSR.

"Everything that we do is built on the partnerships that we've developed, and this programme is no different.

"The investment by Liberty Media will enable us to continue to build and develop our programmes."

Liberty Media is a 70% stakeholder in Sirius XM internet radio, one of MSR's longtime sponsors.

Sirius's CEO, Jim Meyer, is MSR's other co-owner who has announced he will be retiring from the company at the end of the year.

MSR has run with two-time Indy Lights runner-up Jack Harvey since joining the IndyCar field on a part-time basis in 2017, and the Brit's best result with the team was a third-place finish at last year's race at the Indianapolis Grand Prix circuit.

Since the team became a full-time entrant, Harvey has scored a trio of seventh places - two at this year's Iowa Speedway double-header and another in the first of two Mid-Ohio races.

shares
comments
Have a go hero: When a Le Mans winner's Champ Car crusade fell flat
Previous article

Have a go hero: When a Le Mans winner's Champ Car crusade fell flat

Next article

IndyCar Indianapolis: Newgarden claims Harvest GP win and narrows gap to Dixon

IndyCar Indianapolis: Newgarden claims Harvest GP win and narrows gap to Dixon
How Ericsson achieved Indy immortality as Ganassi's main man stumbled Plus

How Ericsson achieved Indy immortality as Ganassi's main man stumbled

Chip Ganassi Racing team was strong again in the Indianapolis 500, with poleman Scott Dixon and reigning champion Alex Palou leading almost three quarters of the race between them. But when dominator Dixon was penalised for pitlane speeding, ex-Formula 1 driver Marcus Ericsson stepped up to score the biggest win of his career and seize the IndyCar points lead

IndyCar
May 30, 2022
Ranking the top 10 IndyCar drivers of 2021 Plus

Ranking the top 10 IndyCar drivers of 2021

In an enthralling 2021 IndyCar campaign, the series bounced back from its COVID-19 truncated year prior and Alex Palou defeated both the established order and his fellow young guns to clinch a maiden title. It capped a remarkable season with plenty of standout performers

IndyCar
Nov 21, 2021
How F1's other IndyCar exile finally unlocked his potential Plus

How F1's other IndyCar exile finally unlocked his potential

Romain Grosjean's swashbuckling rookie year in IndyCar captured the imagination of many in 2021. But another ex-Formula 1 driver whose potential was masked by five years of toil in, at best, middling machinery also enjoyed a breakout year in 2021 - winning twice and finishing sixth in points. Here's how Marcus Ericsson finally delivered on his promise

IndyCar
Nov 16, 2021
How Ganassi's relentless new champion outfoxed IndyCar's best Plus

How Ganassi's relentless new champion outfoxed IndyCar's best

IndyCar sophomore Alex Palou stunned by overcoming team-mate Scott Dixon and the rest of a white-hot field in 2021. He was consistently fast and crucially showed a level head, rebounding well from setbacks to put himself in a near unassailable position entering the final round

IndyCar
Nov 4, 2021
Have Harvey and RLL formed IndyCar’s next winning match-up? Plus

Have Harvey and RLL formed IndyCar’s next winning match-up?

Despite appearing to have an IndyCar job for life with Meyer Shank Racing, Jack Harvey’s departure and move to Rahal Letterman Lanigan Racing sparked plenty of debate. However, Harvey's and RLL's combined strengths could prove to be a winning combination - if they get the balance right

IndyCar
Oct 17, 2021
Remembering Dan Wheldon and his last and most amazing IndyCar win Plus

Remembering Dan Wheldon and his last and most amazing IndyCar win

Saturday 16 October marks the 10th anniversary of Dan Wheldon’s death. David Malsher-Lopez pays tribute, then asks Wheldon’s race engineer from 2011, Todd Malloy, to recall that magical second victory at the Indianapolis 500

IndyCar
Oct 16, 2021
Why Kyle Kirkwood is America's new IndyCar ace-in-waiting Plus

Why Kyle Kirkwood is America's new IndyCar ace-in-waiting

Kyle Kirkwood, the record-setting junior formula driver, sealed the Indy Lights championship last weekend. But despite an absurdly strong junior career and scholarship money, his next move is far from clear

IndyCar
Oct 6, 2021
Why IndyCar title glory is just the start for Ganassi's new star Plus

Why IndyCar title glory is just the start for Ganassi's new star

Newly-crowned IndyCar champion Alex Palou has been lauded as a complete driver and veteran-like in only his second season. The 24-year-old is still in the early days of his career, but the parallels are there for all to see with his six-time champion Chip Ganassi Racing team-mate who has been CGR's team leader since 2014

IndyCar
Sep 28, 2021