In less than a month, Sam Schmidt will return as a full-time owner in the IZOD IndyCar Series, after announcing that he his organization Sam Schmidt Motorsports acquired the assets of the FAZZT Race Team who ended up with financial problems.
Sam Schmidt commented:
“This is a fantastic time for me, my family and everyone at Sam Schmidt Motorsports. Though we competed in the IndyCar Series in 2001 and 2002, I can now admit we were naive in our understanding of what it took to be successful at the top level of open-wheel racing in the United States. Ten years later, I have a much better understanding of what it takes to go Indy car racing.”
In addition to aquiring the cars and equipment, Sam Schmidt Motorsports will retain FAZZT employees for continuity into the 2011 season as well as team's driver and co-owner Canadian Alex Tagliani who will enter the team's No. 77 Honda-powered Dallara. SSM will retain also the full sponsor support from Bowers & Wilkins (B&W).
Joe Atkins, chairman of Bowers & Wilkins commented:
“Our support for Alex (Tagliani) will transition with him to Sam Schmidt Motorsports. We are excited about this new relationship and look forward to supporting Sam and the team in any way we can.”
Schmidt stressed that acquiring the FAZZT assets and an additional IZOD IndyCar Series program will not detract from his team’s existing plans for 2011. His team has already announced plans to field a car for Jay Howard at Indianapolis and Wade Cunningham for three other IZOD IndyCar Series events.
“We have worked hard to accomplish what we have in the Firestone Indy Lights series and, most importantly, we have built a team around a group of great individuals. That, combined with the excellent talent base at FAZZT Racing, should create a powerful combination. This in no way will interrupt our plans to compete strongly for the Indy Lights championship, and we all look forward to the challenge of being equally as competitive in the IZOD IndyCar Series.”
Shortly after being paralyzed in a testing accident 10 years ago, Sam Schmidt started a race team to compete in the IZOD IndyCar Series. Though he transitioned that team into a Firestone Indy Lights powerhouse, he always had his eye on returning to the top-level of Indy car racing.
