UPDATE: WTHR the Indianapolis NBC affiliate has up a video interview with Bobby Rahal where he says "I think for sure we'll have a car an Indy. I have no doubt about that. We have some interest in that currently"
In another quote, Rahal leaves the possibility open to Ethanol returning as sponsor "They had to decline, but now we have had some recent conversations that show some interest"
In a not so surprising move, Bobby Rahal has told the AP that the team will not field a car in 2009 saying"At this time Rahal Letterman will not be in the IRL in 2009". But Bobby told Curt Cavin of the Indianapolis Star that the decision is not final because they could get the cars up and going in as little as 2 weeks.
“But to be honest, unless pennies from heaven fall in our lap, I don’t see, at this stage, getting the appropriate level of funding to put forth a good, competitive effort for the season."
Rahal told Curt Cavin that they are "reasonably sure" that RLR will field a car for the 500.
“Indy is a whole different (financial) animal, but we don’t want to just be there. We want to be competitive.”