KV Issues Statement Confirming Teams Closure, Juncos Racing Rumored to Purchase 2 Cars From Them

INDIANAPOLIS – Its been long speculated since the end of last year’s Verizon IndyCar Series season that KVSH Racing would be no more moving forward. The “SH” would be gone as that stood for James Sullivan. He would take his funding elsewhere. Then, the driver Sebastien Bourdais, he would leave to go to Dale Coyne Racing for 2017. After that, it was starting to look like the “K” in KVSH, Kevin Kalkhoven, would take the equipment to join Carlin Racing. After all, Carlin wanted to eventually step up into IndyCar racing in the near future and they had the money but needed the equipment. That then fell through.

But, the process of splitting up had already started.

Without the “SH” the funding was gone. Without a driver, they had no one to race. Now, without the K” the equipment was gone. So today, the team finally officially confirmed all this and more.

“I want to thank all those who have written to express their appreciation of the efforts of KV Racing Technology during the last 14 years,” said Kalkhoven in a team statement. “However, as I approach 73, I feel I can no longer give the team the effort and support it and the team members deserve.

“I have really enjoyed my time in the series, helping with reunification [of the Indy Racing League and Champ Car] and of course winning the greatest spectacle in racing, the Indianapolis 500!

“It is my firm belief that the series is on a major upswing under the leadership of Mark Miles and Jay Frye and has a bright future. I remain committed to help in any way I can, particularly in encouraging new owners and sponsors. In particular Ricardo Juncos, to whom we will be offering our support.

“To all the fans who follow the series, and cheered for KVRT, my heartfelt thanks and please spread the good word about the fantastic sport we have.

Jimmy Vasser also released his statement too.

“First and foremost I want to thank all the fans who have supported the team over the years,” said Vasser. “I also want to thank Kevin Kalkhoven for giving me the special and unique opportunity to transition from a driver to a team owner while I was still driving.

“I am very proud to have been a part of this team and I will always cherish all the great people and drivers we worked side-by-side with to achieve our successes. It has been a journey of many ups and downs, but I will always remember winning the 2013 Indy 500.

“IndyCar racing has been a part of my life for 25 years, it is in my soul and it will be interesting to see where it takes me from here.”

KV started in 2003 and made 464 career open wheel starts. The duo won seven times during that time frame including the 2013 Indy 500 with Tony Kanaan. Five of the seven wins though came in the last four seasons, including last year at Detroit with Sebastien Bourdais. Overall, KV drivers visited the podium 29 times with 76 top-five finishes, 182 top-10s and eight pole positions.

But, also in that statement was Kalkhoven confirming the rumors that Juncos Racing purchased their cars. It has been widely rumored and reported that Juncos would want to move up to full-time IndyCar racing soon as they just opened a brand new state of the art shop in Speedway, Indiana recently.

In 2009, they started in Pro Mazda and by 2014, they expanded to a four-car operation. In 2015, they moved up to full-time Indy Lights action with a two-car team. But, it has always been known that Richard Juncos had always had IndyCar ambitions.

Now, it’s confirmed that he will see those dreams come to reality soon.

The rumor is that they will bring a two-car team to Indy for this May’s 101st Running of the Indianapolis 500, then run full-time in 2018.

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