Foyt lives in Hockley, Texas. Although he is retired from racing as a driver, Foyt remains active in the sport as a team owner, through A. J. Foyt Enterprises and Team Conseco. While team ownership initially meant Indy cars, in 2000 Foyt formed a NASCAR Winston Cup team, which is based in Mooresville, North Carolina. Foyt's youngest son, Larry, is in charge of this team. Foyt continues to promote the Indy Racing League (IRL), which is attracting an increasing number of drivers away from the rival Championship Auto Racing Teams (CART). One of the newest IRL drivers is Foyt's grandson, A. J. Foyt IV. Foyt is also on the board of directors of Riverway Bank and Service Corporation International, the nation's largest funeral service business.
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