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American driver Conor Daly loses GP2 ride with Venezuela GP Lazarus

Sep 2, 2014, 4:00 PM EDT

A lack of funding has put American GP2 driver Conor Daly on the sidelines ahead of this weekend’s race at Monza.

Daly confirmed the tough news via his Twitter account earlier today:

He has since added additional comments in a release: “I’m naturally disappointed but thankful for the opportunity that Venezuela GP Lazarus provided me this season. Lazarus is a great team of people who race because of their love of the sport and I wish them every success in the future.”

“Europe for the past four years has been a an invaluable experience for me. It was a sacrifice well worth making because I know today that I am a better driver because of it. I’m ready for my future, whatever it may be.”

After finishing third in the GP3 championship last season, Daly moved up to GP2 for 2014 with Venezuela GP Lazarus. His best finish has been a seventh in Race 2 at the Hungaroring in July.

Daly’s dropping makes him the second American to leave the GP2 grid this season. In July, Alexander Rossi left Caterham, where he served as not only a reserve for its F1 side but also as a race driver for its GP2 squad.

As for where Daly goes from here, the release made note of his recent appearance at last weekend’s Verizon IndyCar Series championship finale at Auto Club Speedway.

On that subject, Daly says: “I want to be a professional race car driver and be in a position to take advantage of any opportunity that might come my way.”

Daly made his IndyCar debut in the 2013 Indianapolis 500 for A.J. Foyt Racing.

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