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IndyCar is wrapping up its 2025 season, and the fact that a “State of” retrospective can be written in mid-August is itself part of the problems facing the historic series.

The season flashes by, then disappears into a six-month void. On track, the racing delivers. Off track, the structural cracks are getting harder to ignore. 

In this episode, I give my direct thoughts on the key storylines shaping IndyCar’s future: 

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