September 02, 2008 // Franchising.com // Indianapolis, Ind. – Andretti Green Racing (AGR) announced today it has reached a multi-year agreement with 7-Eleven, Inc. to extend the company's long-running sponsorship program of the #11 entry driven by 2004 IndyCar Series champion Tony Kanaan.
7-Eleven, Inc., the world's largest operator, franchisor and licensor of convenience stores with more than 34,600 units worldwide, has been affiliated with Andretti Green and Kanaan since the team began competing at the beginning of the 2003 IndyCar Series season.
Kanaan, who drove the Honda-powered Team 7-Eleven car to the 2004 IndyCar Series championship, signed a five-year contract extension earlier this month with Andretti Green that will keep him with the Indianapolis-based team through the 2013 season.
7-Eleven will also continue to have a branding presence on AGR's three other IndyCar Series cars, which are driven by Marco Andretti, Hideki Mutoh and Danica Patrick.
"7-Eleven is one of the cornerstones of Andretti Green Racing and we're thrilled to extend our agreement with them. We've accomplished a lot together, but we feel like we can do even bigger things in the future. The Team 7-Eleven car has been a fixture at the top level of the IndyCar Series since it debuted in 2003 and we expect to keep it there for a long time."
"We joined forces when Andretti Green began racing in 2003, the year Tony joined the AGR team, and have worked together over the last five years to build an even stronger 7-Eleven brand through this international platform. Tony exemplifies the leadership, team orientation and values we embrace at 7-Eleven and has been a terrific spokesperson. The unification of open-wheel racing earlier this year has made the IndyCar Series even more relevant to our customers. We're looking forward to enjoying future successes together."
7 Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses approximately 7,600 7-Eleven® stores in North America. Globally, 7-Eleven operates, franchises or licenses more than 34,600 stores in 16 countries. During 2007, 7-Eleven stores worldwide generated total sales of more than $46.6 billion. Named the #1 Franchise Opportunity for 2008 by Entrepreneur magazine, 7-Eleven is franchising virtually all of its stores in the U.S., and is expanding through its Business Conversion Program, acquisitions, building new and leasing existing properties. Find out more online at www.7-Eleven.com.
Founded in December 2002, Andretti Green Racing® (AGR) is based in Indianapolis, Ind., and is owned and operated by partners Michael Andretti, Kim Green and Kevin Savoree. The winningest team in Indy Racing League history, Andretti Green Racing fields a series-high four full-time entries in the IndyCar Series, two Firestone Indy Lights cars and a single-car entry in the American Le Mans Series. Andretti Green also features a promotional side to its business, owning and operating street races in St. Petersburg, Fla., and Toronto, Ontario, Canada.