By Josh Farmer, IndyCar Reporter
Angie’s List has pulled their sponsorship of the IndyCar Grand Prix hosted at the Indianapolis Motor Speedway road course.
The Indianapolis-based company served as the title sponsor of the Month of May opening race on the 2.439-mile road course since the 2014 season. No direct reason was given for Angie’s List’s departure but the Indianapolis Star indicated that the company has not made their expected goals within the last year.
The company has laid off at least 150 people and lost around $7.5 million.
The IndyCar Grand Prix debuted in 2014 on a reconfigured Indianapolis Motor Speedway road course and was met by a relatively decent crowd. The 2016 race saw a sharp drop in attendance, which was in part due to unusually cold temperatures.
The race’s future is secure as it is operated by Hulman & Company, the parent organization of INDYCAR and the Indianapolis Motor Speedway. There is no word on a replacement title sponsor while the Indianapolis 500 does have a presenting sponsor in Penngrade Motor Oil.