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The competitive landscape of IndyCar will shift considerably heading into 2027 following the completion of the first charter sale in series history. Rahal Letterman Lanigan Racing has agreed to transfer one of its three charters to Drewy & Reinbold Racing, pending IndyCar’s formal approval of the transaction.
The deal will reduce RLL’s operation from three cars to two entries on the grid, while allowing DRR to return as a full-time competitor with a single entry. Drewy & Reinbold last fielded a full-time IndyCar entry in 2012, though the organization has maintained a presence at the Indianapolis 500 in subsequent years.
Derek Reinbold, chief executive of Drewy & Reinbold, credited the negotiating teams for their collaborative approach. “They treated this as a partnership between two organizations that want to see each other succeed,” Reinbold said in a statement, acknowledging Bobby Rahal, Mike Lanigan, David Letterman, and Jay Frye for their role in facilitating the transaction.
The announcement arrives weeks after the death of DRR founder Dennis Reinbold on June 13. The teams have not disclosed which of RLL’s three charters will transfer or identified the driver who will pilot the incoming entry.
Current RLL drivers Graham Rahal and Louis Foster hold contracts for 2027, while rookie Mick Schumacher remains unsigned, fueling speculation about potential roster changes. Schumacher finished the most recent season with a career-best result at Nashville and expressed optimism about returning to the grid next year.
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