Brazil's Gil de Ferran celebrates his win in front of second place finisher, Sweden's Kenny Brack, at the CART race at the Rockingham Motor Speedway, England Saturday, Sept. 22, 2001. (AP Photo/Max Nash)
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Former 500 winner shutting down racing team
Updated: Friday, 18 Dec 2009, 1:10 AM EST
Published : Thursday, 17 Dec 2009, 10:00 PM EST
INDIANAPOLIS (WISH) - A talented local racing team is closing their doors.
24-Hour News 8 has learned that Brownsburg's de Ferran Motorsports will cease operations Friday, resulting in the layoffs of 15 employees.
The team had hoped to compete in the Izod IndyCar Series in 2010, after a successful run in the American LeMans Sports Car Series.
But funding for that project has not yet materialized, leading team principal Gil de Ferran to mothball the shop.
de Ferran, the 2003 Indianapolis 500 winner, still hopes to find funding to resurrect the team but currently he simply doesn't have the money to continue.
Right now, word is the team's assets are not for sale.
IMPD Detectives continue their investigation into what appears to be a …
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