Newman/Haas, the team that took Nigel Mansell to victory in the 1993 Indycar World Series, is closing its doors after almost 30 years.
Despite finishing fourth in this year's Indycar standings, the team has been unable to find enough funding from sponsors to keep itself afloat.
Mansell in his victorious Indycar year
The team, founded in 1982 by actor Paul Newman and Carl Haas, racked up 107 wins, 109 pole positions and eight championships in its 29-season run in Indycars. During its time it also provided race seats for many star drivers including Nigel Mansell, Mario and Michael Andretti, Paul Tracy, Christian Fittipaldi, Cristiano da Matta, Sebastien Bourdais and Justin Wilson.
But recently fortune has not favoured the team; Newman died in 2008, and Haas is said to be in poor health.
Commenting on the team's Indycar participation, Haas said simply: "The economic climate no longer enables Newman/Haas Racing to participate in open wheel racing at this time." Shame.
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