INDIANAPOLIS – It is officially the end of the line for KVSH Racing in the Verizon IndyCar Series.
The team, which won the Indianapolis 500 in 2013 with Tony Kanaan at the wheel, will not return to the Verizon IndyCar Series this season and team owners Kevin Kalkhoven and Jimmy Vasser are in the midst of selling off equipment.
KVSH closed its doors during the offseason. Kalkhoven was expected to join forces with European racer and Indy Lights Series team owner Trevor Carlin to field a part-time IndyCar team this season, but that never materialized.
The team released statements from both Kalkhoven and Vasser on Thursday afternoon.
“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. “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 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.”
Vasser, the 1996 CART champion, thanked Kalkhoven for all he has done for IndyCar. Vasser also left the door open for a return to IndyCar in some capacity.
“First and foremost I want to thank all the fans who have supported the team over the years. 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,” Vasser said.
“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 Racing Technology was founded in January 2003 and joined the IndyCar Series in 2008. The team has seven Indy car victories, including the triumph by Kanaan in the Indianapolis 500 in 2013.
“It’s weird or sad to see a team go, regardless of what those people are,” Kanaan told SPEED SPORT Magazine recently. “But for me, especially that team that we won the biggest race of our lives together and that’s the team that we struggled together, and I remember how we struggled to get where we got.
“And honestly, we only made it this far because of that win.”
Sebastien Bourdais was the most recent winner for the team, winning four times between 2014 and 2016.