IRL: Cheever Racing, sponsor end partnership

Cheever Racing and Red Bull partnership concludes at the end of the 2005 IndyCar Series season INDIANAPOLIS -- After a successful four-year partnership, Cheever Racing and Red Bull will not renew its marketing partnership for the 2006 IndyCar...

Cheever Racing and Red Bull partnership concludes at the end of the 2005 IndyCar Series season

INDIANAPOLIS -- After a successful four-year partnership, Cheever Racing and Red Bull will not renew its marketing partnership for the 2006 IndyCar Series season.

During the partnership, which began with the 2002 season, both companies have enjoyed many successes. Team accomplishments during the period include 43 top-10 finishes, 13 top fives, poles at Texas, Kansas, Michigan and California in 2002 and a victory at Michigan in 2002.

"I would like to sincerely thank Red Bull and in particular Dietrich Mateschitz for the partnership we have developed over the past four years. Our deal with Red Bull came just a few years after they first introduced their product in the U.S. marketplace. As one of their first major national sponsorship programs in the United States we have grown together these past four years. I remember when we would have five Red Bull guests at each IndyCar Series race. This season we had at least 250 people and the always-exciting Red Bull Energy Station at almost every race. We wish them all the success in their future endeavors and, who knows, perhaps it will make business sense and our paths will cross again in the future," team owner Eddie Cheever Jr. said.

Cheever Racing will continue its operation in Indianapolis and is currently in negotiations with future partners on several racing endeavors. Information on 2006 programs will be released as soon as all details are finalized.

Red Bull remains one of the largest global supporters of open-wheel racing as evidenced through the continued support of young drivers like American Scott Speed and the recent ownership acquisition of a second Formula 1 racing team.

As the IndyCar Series closes its tenth year of operation, Cheever Racing stands as one of only two original IRL teams competing in the series. With a mission to become a leader in American motorsports, Red Bull Cheever Racing has won six IndyCar Series races, four pole positions and the coveted 1998 Indianapolis 500. The team finished third in the 1997 and 2000 IRL IndyCar Series championships and has won two Indy 500 Rookie-of-the-Year titles.

-cr-

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About this article
Series IndyCar
Drivers Eddie Cheever , Scott Speed