Mo Nunn reveals 2002 IRL team

Hollywood, a Brazilian tobacco company that has worked with both Nunn in the CART series and Giaffone in the IRL, will sponsor the car.

In addition to the Hollywood team competing in the IRL championship, Mo Nunn Racing also confirmed that it would field two entries in the 2002 Indianapolis 500. The driver and sponsor of the second car at the Indy 500 will be announced at a later date. Engine and chassis decisions also have yet to be determined.

"This is certainly great news for our organisation and having the ability to take two cars back to the Indy 500 is very exciting for the whole team," said Morris Nunn. "We will continue to field the Pioneer-WorldCom car in CART in 2002, but with the CART situation as it is right now, we felt a real need to spread our wings.

"I am delighted that Hollywood has chosen to make this move to the IRL with us and we look forward to providing Felipe with all of the tools necessary to win a championship."

"This is a great opportunity," said Mark Hulit, consumer-marketing director for Souza Cruz, the parent company of Hollywood. "We are delighted to continue our strong partnership with Mo Nunn Racing and about continuing in the Indy Racing League. We feel the IRL has a great future."

Giaffone's previous team, Treadway-Hubbard Racing, announced over the weekend that Giaffone and Hollywood cigarettes would not return to the team for the 2002 Indy Racing League season. Giaffone won the IRL's Chevrolet Rookie of the Year award in 2001, finishing sixth in points overall.