A new team co owned by a former driver and a businessman with investments in other sports entities have formed a new racing team and plans to enter the I104th running of the Indianapolis 500 this year. Robbie Buhl, who started 78 Indycar races between 1993 and 2004, including eight starts at Indianapolis; and Robert and Nick Citrone, announced their plans this morning. Buhl won two Indycar races in his career.
Citrone founded Discovery Capital Management, and is the largest minority owner of the Pittsburgh Steelers. Nick, his son, is a Data Analytics Coordinator for the Pittsburgh Penguins.
The team hopes to participate in the GMR Grand Prix as well as the 500. They hope to expand to more races in the future.
It’s always exciting to see a new team come into Indycar. This group has a former driver, which is always a plus, and what seems to be solid financial backing. I’m assuming they will look for an established team to partner with.
This opens another seat for a driver looking for a May ride. No driver was named today.
Chip Ganassi has ties to Pittsburgh as well. I;m not sure if his team is interested in a partner arrangement. The team did not announce which engine they will use. If it’s not a Honda, that makes this thought moot.
I wasn’t sure the car count for the 500 would get back to 36 as it was in 2019. I am more confident of at least that many now.
It seems a little late to announce something for May. My guess is this has been in the works for awhile and the team is pretty close to ready.