An IndyStar report published Thursday sheds new light on the uncertain future of Prema Racing and its involvement in the IndyCar Series.

Reporter Zion Brown cited an unnamed source in a story posted Thursday morning addressing the team’s current status. Prema fielded two cars in last year’s IndyCar season, with drivers Robert Shwartzman and Callum Ilott, but has not appeared on the grid so far in 2026.

Speculation has circulated for months regarding the team’s future, with little in the way of official comment. Brown reported that, despite financial challenges, the organization continues to operate out of its Fishers headquarters.

“Despite not having the finances to actually race, Prema is still operating daily at its Fishers location,” Brown wrote. “The company has more than 30 full-time employees and has cars built as it tries to return to IndyCar this season.”

According to the report, Prema is not expected to field entries in the upcoming races at Long Beach or the Grand Prix on the Indianapolis Motor Speedway. However, the team has not ruled out a potential appearance in the Indianapolis 500 later this month.

Brown’s story outlines the financial and logistical hurdles the team would need to overcome to make the grid for the Indy 500.

Read the IndyStar story at this link (NOTE:  If you are not an IndyStar subscriber, you will likely not be able to access this story.  Once again, subscribe to your local media!  IndyStar initial subscription rates are very low)