CLICK HERE<\/a> to purchase tickets to the 2026 Repco Adelaide Motorsport Festival.<\/p>\nPiers Phillips, the CEO of the IndyCar division of Prema Racing, is reportedly interested in buying the assets.<\/p>\n
Phillips told Indianapolis outlet Indy Star earlier this month that the team is \u201cplanning a delayed start\u201d to the IndyCar season.<\/p>\n
In the build-up to the St Petersburg weekend, IndyCar CEO Doug Boles said dialogue remained ongoing between category officials and Phillips.<\/p>\n
\u201cWe\u2019ve obviously stayed in touch with Piers and the team as they\u2019ve been working through what Prema could look like in 2026,\u201d Boles told Racer in early February.<\/p>\n
\u201cI think, honestly, it just depends on what Prema looks like; we would definitely give them consideration, depending on their commitment to continue to run the rest of the season, depending on what point they\u2019re on the grid.<\/p>\n
\u201cThere\u2019s value you give them for the investment that they made last year.\u201d<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/02\/Robert-Shwartzman-and-Callum-Ilott-Snap-On-Milwaukee-Mile-250-By_-Chris-Jones_Large-Image-Without-Wa.jpeg\")
<\/p>\n
Prema Racing drivers Robert Shwartzman and Callum Ilott in the pit boxes at Milwaukee. Image: Chris Jones<\/p>\n
It\u2019s been an almighty fall from grace for the team that took pole position for the Indianapolis 500 in its debut season thanks to Shwartzman\u2019s heroic efforts.<\/p>\n
Prema\u2019s entry to IndyCar was a curious one given it is not a chartered entry, meaning the team is not eligible for leaders circle prize money.<\/p>\n
The leaders circle program guarantees a $1 million USD ($1.4 million AUD) payout per car.<\/p>\n
The IndyCar Series opener at St Petersburg takes place on February 28-March 2 (AEDT). Monday\u2019s race gets underway at 4am with live and exclusive coverage on Stan Sport.<\/p>\n
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<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Prema Racing performs a pit stop during the IndyCar race at Gateway. Image: Chris Jones The publication of…\n","protected":false},"author":2,"featured_media":303665,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[111,139,69,70221,213],"class_list":["post-303664","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-new-zealand","tag-newzealand","tag-nz","tag-prema-racing","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/303664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=303664"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/303664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/303665"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=303664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=303664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=303664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"IndyCar](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/02\/Callum-Ilott-Bommarito-Automotive-Group-500-By_-Chris-Jones_Large-Image-Without-Watermark_m134821.jp.jpeg\")