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De Ferran Dragon Racing Shuts Indycar Operation

Indycar team De Ferran Dragon Racing shut Thursday (February 24) citing a lack of funding.

It had already emerged that former champion Tony Kanaan, who had been signed for the upcoming season, had been unable to attain the sponsorship necessary for the season, and had lost the race seat at the team.

However, it now appears the team itself has been forced to close, after promising a revamped approach – an official website that declares “coming soon” a painful reminder of the potential a little more than month before the first race of the season at St. Petersburg.

The team began in 2007 as Luczo Dragon Racing, founded by Steve Luczo and Jay Penske – son of Roger. After limited schedules, first Ryan Briscoe the Tomas Scheckter on driving suties, the team stepped up to a full season effort in 2009, running Brazilian Raphael Matos.

Gil de Ferran joined the team for the 2010 season, his De Ferran Motorsports team joining the Indycar series after beginning the American Le Mans Series.