The unification of Champ Car and the Indy Racing League was announced on February 22, 2008, and the Grand Prix of Toronto’s future was left in doubt. After attempts were made to preserve the race for 2008, it was confirmed on March 5, 2008, that the race had been cancelled. On May 15, 2008, Andretti Green Racing (co-owned by Michael Andretti) purchased the assets of the former Grand Prix of Toronto. On July 30, 2008, it was confirmed that the race would return to Toronto on July 12, 2009. On September 18, 2008, Andretti Green Racing announced that it had signed a multi-year agreement with Honda Canada Inc. for the title sponsorship of the race, henceforth named from 2009 onward as the Honda Indy Toronto.