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George acquires assets of Kelley Racing

Updated: February 14, 2005, 6:22 PM ET
Associated Press

AVONDALE, Ariz. -- Indy Racing League founder Tony George has acquired the assets of Kelley Racing and will operate a team in this year's IndyCar Series.

In a surprise announcement during the IRL's annual Test in the West at Phoenix International Raceway on Wednesday, George said he would continue as chief executive officer of the IRL, the open-wheel series he founded in 1996.

"It's not that uncommon in today's environment in motorsports," George said. "Any instance you can ...

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