CHAMPCAR/CART: CART statement on B&W "Kool" announcement

INDIANAPOLIS (September 24, 2002) - After investing more than $120 million competing in CART and its Ladder System over seven seasons, Brown & Williamson Tobacco and its KOOL brand of cigarettes announced today that it would not continue...

INDIANAPOLIS (September 24, 2002) - After investing more than $120 million competing in CART and its Ladder System over seven seasons, Brown & Williamson Tobacco and its KOOL brand of cigarettes announced today that it would not continue sponsorship of any motor racing following the end of the 2002 season.

"Brown & Williamson and KOOL went above and beyond what many sponsors offer in sports, lending their name not only to teams but also to driver development programs in the Indy Lights and Toyota Atlantic series," said CART President and CEO Christopher R. Pook. "They proved that there are many ways to do business in this sport and paved the way for others to follow their successful business model. It has been a pleasure for everyone associated with Championship Auto Racing Teams to have worked with them."

KOOL entered CART in 1996 and moved into Champ Car sponsorship with Team Green in 1997. Since then, KOOL-liveried cars have won 16 races and claimed 11 poles and have finished in the top five in the season championship on four occasions.

-cart-

Kool withdraws from motorsports

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Series IndyCar
Teams Williams