INDIANAPOLIS (July 18, 2005) — Michelin North America Inc. and the Indianapolis Motor Speedway (IMS) said they have established a plan to distribute refunds to people who attended the U.S. Grand Prix race June 19 in Indianapolis.
Because of safety concerns, Michelin prompted all 14 cars running on its tires to withdraw, leading to stark disappointment from fans. Michelin said later that it would refund the ticket cost to all race attendees as well as provide 20,000 tickets to the Grand Prix event in 2006 if one is held.
Michelin said the refund will cover the face value of each ticket and will be administered by IMS. Race attendees who are IMS account holders will automatically receive a refund while non-account holders must mail their original ticket stub and a ticket claim form beginning Aug. 8. Those stubs must be postmarked no later than Aug. 29 to receive a refund.
Refund checks are expected to be issued and mailed between Sept. 19 and Sept. 26.
Michelin also said it will buy 20,000 tickets to the 2006 U.S. Grand Prix at Indianapolis if such an event is held. Those tickets would be made available to fans who bought tickets to the 2005 race. More details for the distribution of these tickets will be available after Formula One releases its 2006 calendar, Michelin said.
“We hope through these gestures to encourage the further development of F1 in the United States,” said Jim Micali, chairman and president of Michelin.
For more information, go to www.indianapolismotorspeedway.com.