NTT will replace Verizon as IndyCar’s new title sponsor from 2019
IndyCar has signed a multi-year agreement with NTT, which becomes its title sponsor for the 2019 season onwards.
Updated: Forbes reports that the deal will last three to five years. It may be worth around $10m per year, as much as Verizon was paying IndyCar.
NTT is a Japanese information technology and communications company that sponsors Chip Ganassi Racing and will replace Verizon as the series’ title sponsor after the telecommunications company decided not to renew its sponsorship after 2018. It reports $106 billion in annual revenue.
“Having a strong technology partner is critically important to INDYCAR’s continued growth, so we are thrilled to welcome NTT as our new title sponsor,” said IndyCar’s parent company CEO Mark Miles.
“We have a history with NTT through NTT DATA’s involvement in the sport with Chip Ganassi Racing. We know this partnership will help us attract the next generation of fans to what remains the most competitive racing programme on the planet.”
Verizon will continue to sponsor Team Penske as it continues its long-term partnership with the squad.
Long Beach loses its sponsor, Toyota, in 2019 after 44 years with the car manufacturer, and NASCAR’s title partnership with energy drinks manufacturer Monster Energy expires after 2019.
Louis Foster starts his IndyCar journey this weekend in St Petersburg – can he emulate other British heroes like Nigel Mansell and Dan Wheldon?
Myles Rowe has rocketed through IndyCar's junior ladder with a story like no other – he tells James Elson why this upcoming year is more important than ever
Drive to Survive star Will Buxton has made the jump across the Atlantic to front Fox's new IndyCar coverage – he explained to James Elson why he thinks the championship is the most exciting series out there
Jackie Stewart's Lola-Ford IndyCar that failed laps from victory in the 1966 Indy 500 was the star lot in a 16-car auction, selling for $715,000