SRX Racing announced on Thursday it had postponed it’s fourth season.
The SRX Racing series, which was launched by Tony Stewart and Ray Evernham along with others, cited “market factors” as the reason for it’s decision.
The following statement was shared to social media.
“It is with deep disappointment that we announce the postponement of SRX’s fourth season,” the statement said. “We entered the next phase of our racing series with great anticipation and excitement for what was ahead. Our expectations, however, have been tempered by market factors that have proven too much to overcome.
“Time has run out to put forth the kind of events our fans, partners, drivers and tracks deserve. We’re thankful to each for their commitment, their contributions and their support as we brought a new idea to reality.
“The racing industry continues to evolve and we are actively exploring strategic options for the series’ long-term potential. We made this announcement now to allow our partners the time and flexibility to best serve their interests.”
The Series was highlighted by former stars of NASCAR and IndyCar being joined by a host of others with accomplished backgrounds. Over the course of it’s three year run the series saw three different champions with Stewart winning the title in 2021, Maroc Andretti in 2022 and Ryan Newman in 2023.
After beginning on Saturday nights, the series shifted to Thursday night in 2023.