INDIANAPOLIS (AP) — Michael Shank's race team will be expanding again next season.
On Friday, the co-owner of Meyer Shank Racing announced Liberty Media has made an investment in the Ohio-based team, which will help fund its IndyCar operations as well as its recently announced multi-year program with the Acura DPi series.
“We have worked to build our IMSA and IndyCar racing programs step by step and this is another big progression for our organization to have Liberty Media make an equity investment in MSR,” Shank said. “The investment by Liberty Media will enable us to continue to build and develop our programs.”
The deal came just hours before the IndyCar Series held the first of two weekend races on Indianapolis Motor Speedway's 14-turn, 2.439-mile road course. England's Jack Harvey, who drives the No. 60 Honda for Meyer Shank, qualified sixth.
Shank's budding team has been steadily ramping up its operations since shifting its focus to sports cars and Indy cars. It won the 2019 IMSA team and driver titles and this is the first year it has fielded a full-time IndyCar team.
It plans to compete in the IMSA series and IndyCars again next season as well as teaming up with Acura for the progression to the DPI series beginning with the 2021 Rolex 24 at Daytona in January.
Shank says more information about its 2021 plans will be coming soon.
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