George's role as team owner draws criticism

Indianapolis Business Journal | February 21, 2005| | Copyright

Tom Kelley had had enough.

Nine years of hunting for sponsors, recruiting and trying to retain drivers, and managing costs that had nearly doubled in recent years had taken its toll. The founder of locally based Kelley Racing shuttered his Indy Racing League team at the close of last season.

And with the close of Kelley Racing, a new era for the Indy Racing League opened. Founded in 1996 as an alternative to CART, the open-wheel racing series stepped into what IRL founder Tony George years ago called one of CART's pitfalls.

George bought Kelley's assets, marking the first involvement of IRL ...

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