SPEEDWAY LOSES MARLBORO SPONSORSHIP.Byline: Tim Haddock Staff Writer With the announcement that Marlboro and Team Penske are leaving the CART series for the Indy Racing League The Indy Racing League, better known as IRL, is the sanctioning body of a predominantly American based open-wheel racing series. The League consists of two series, the premiere IndyCar Series , California Speedway The California Speedway is a two-mile, low-banked, D-shaped oval superspeedway in Fontana, California, similar to that of "sister track" Michigan International Speedway. It is located approximately 40 miles east of Los Angeles on the site of the former Kaiser Steel mill. , which plays host to the CART season finale 500-mile race, will be losing its title sponsor of the event. The Marlboro 500 presented by Toyota at California Speedway in Fontana has been the season-ending race for the CART series for the past five years. Bill Miller, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Califonia Speedway, expressed his support of Team Penske's decision and his gratitude toward Marlboro's involvement in the race. ``We appreciate the support Marlboro has given California Speedway over the last five years with the season-ending CART FedEx Championship Series Marlboro 500 presented by Toyota,'' Miller said in a statement. ``Since our inaugural season, the company has played a key role in the development of our fall race weekend. We will continue to be aggressive in the promotion of the CART season finale, and all of us at California Speedway thank Marlboro for its support and wish Marlboro Team Penske the best of luck on this new endeavor.'' CAPTION(S): photo Photo: Longtime car owner Roger Penske Roger Penske (born February 20, 1937 in Shaker Heights, Ohio) is the owner of a very successful automobile racing team Penske Racing, the Penske Corporation, and other automotive related businesses. has left the racing league he helped create to join the Indy Racing League. Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. |
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