CHAMPCAR/CART: Road America statement on cancellation

We were surprised and disappointed to learn of CART's recent statements and actions, especially CART's announcement today that they are canceling the Grand Prix of Road America, which was scheduled to be held at Road America on Aug. 3, 2003. Road...

We were surprised and disappointed to learn of CART's recent statements and actions, especially CART's announcement today that they are canceling the Grand Prix of Road America, which was scheduled to be held at Road America on Aug. 3, 2003. Road America has a contract with CART and we have been preparing to host the fifth race under that contract in August. In fact, Road America has been attempting to negotiate a renewed contract with CART for 2004 and beyond. Road America has been acting in good faith in its dealings with CART and we have met all of our financial obligations under our agreement with CART.

Road America has supported CART since 1982, through the series' highs and lows, making CART's recent behavior even more disappointing.

Road America has been proceeding with preparation for the 2003 race and CART's sudden decision to ignore its contractual obligations causes inconvenience to not only Road America, but to all race fans as well. We have been assured by our legal counsel that the true facts of our discussions and understanding with CART will eventually be made known through the litigation process but we felt an obligation to our business associates and fans to assure them of Road America's continuing commitment to quality racing.

While the track management and board members remain staunch CART supporters and have every hope for an amicable resolution of this unfortunate turn of events, the issue in our disagreement with CART is the value of the series to race fans and sponsors.

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Series IndyCar