Liberty Media, Investor in IndyCar’s Shank Team

Liberty Media, Investor in IndyCar's Shank Team

Liberty invests in IndyCar team (PHOTO: Matt Fraver / IndyCar)

© Provided by Fast Mag
Liberty invests in IndyCar team (PHOTO: Matt Fraver / IndyCar)

Liberty Media, company that owns F1, makes its second investment in motorsports by becoming a minority partner of the American team Meyer Shank Racing.

During the IndyCar Harvest Grand Prix it was announced that the entertainment organization, through Formula One Group, It will support the projects of said squad, which participates in both the single-seater category and in IMSA-SCC.

“We have worked to build our IMSA and IndyCar racing programs step by step and this is another great progression for our organization for Liberty Media to make a capital investment in MSR,” he said. Michael Shank it’s a statement.

“Everything we do builds on the partnerships we have developed and this program is no different. Liberty Media’s investment will allow us to continue building and developing our programs ”.

Michael Shank’s team is going through a moment of growth: a week and a half ago he confirmed his change to Acura at IMSA, being one of the two official teams of the luxury brand, and during the week he inaugurated the construction of a 4 thousand meter workshop squares.

All this will be to expand operations in both categories and, in the case of endurance, develop a program that will allow you to return to the “24 Hours of Le Mans”.

Furthermore, it should be noted that Jim Meyer, one of the team owners, owns SiriusXM, which belongs to Liberty SiriusXM Group; the latter, like the Atlanta Braves of Major League Baseball, and Formula One Group, under which the commercial and promotional area of ​​F1 is located, belongs to Liberty Media.

Other companies in which Liberty, through Formula One Group, has a stake are AT&T ( It is not yet clear how the group will promote itself in the organization, in addition to being an investor.

Meyer Shank has won some of the biggest races in sports car competition, including the 2012 “24 Hours of Daytona” and the IMSA GTD class drivers and teams title in 2019.

After three partial seasons, Meyer Shank contested his first full-time IndyCar championship in 2020 with the Briton. Jack Harvey.

The entrance Liberty Media, Investor in IndyCar’s Shank Team was first published in FASTmag.


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