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Sources: Negotiations on open-wheel merger continuing

Updated: February 18, 2008, 9:08 AM ET
By John Oreovicz | Special to ESPN.com

Constituents with a stake in American open-wheel racing are still waiting to see if the most advanced discussions to date between the Indy Racing League and the Champ Car World Series result in the two groups racing under one umbrella in 2008 and beyond.

High-level sources from both series confirmed to ESPN.com that negotiations continue. But with the IndyCar Series opener at Homestead-Miami Speedway only 41 days away, time is becoming a critical factor.

"If something is going to happen ...

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