Agreement reached in open wheel unification

The Indy Racing League today issued a release saying that the owners of Champ Car and the IRL had completed an agreement in principle in Indianapolis that will unify the sport for 2008.

Gerald Forsythe, co-owner of Champ Car, signed an agreement in principle in Chicago, joining his partner Kevin Kalkhoven and Indy Racing League founder and CEO Tony George who had signed late Thursday in Indianapolis.

Details of a press conference about the agreement will be forthcoming.