IndyCar: Rubens Barrichello to announce IndyCar deal on Thursday

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Veteran Formula One driver Rubens Barichello will be confirm as a member of the KV Racing squad in the IZOD IndyCar Series during a press conference to be held on Thursday.

That is the claim of the well-connected O Estado de S.Paulo newspaper, reporting that the formula one veteran has secured $3 million in sponsorship backing to secure the seat.

The report said that after 19 consecutive seasons in F1, Barrichello will drive for his close friend and countryman Tony Kanaan's IndyCar employer KV, owned by Jimmy Vasser.

Rubens Barrichello driving the KV Racing's Dallara-Chevrolet. (Photo: LAT for IndyCar)

Estado said 39-year-old Barrichello's sponsor, BMC Brasil Maquinas, offered $3.5 million in backing to Williams in 2012, but the British team accepted the more lucrative sponsorship brought by Barrichello's fellow Brazilian Bruno Senna.

Barrichello is without a doubt the biggest name to come to IndyCar racing since Nigel Mansell made the move in 1993 with Newman-Haas Racing after winning the F1 title.