Roger Penske

One of the most successful team owners in the history of IndyCar racing, Penske co-founded Championship Auto Racing Teams (CART) in 1978 with fellow team owner U. E. "Pat" Patrick. Both founders were unhappy with the management of the IndyCar series, prompting them to start CART. By 1981, CART was offering more prize money than its competitor and became the dominant IndyCar competitive series. In 2002, Penske abandoned CART and threw his support, his drivers, and his cars into the Indy Racing League (IRL).

In addition to being a winning team owner in several motorsports series, Penske also has been adept at the business end of the sport. As owner of Michigan International Speedway, Pennsylvania International Speedway, North Carolina Speedway and Carolina Speedway, Penske has generated millions of dollars in revenues. In 1999, he merged Penske Motorsports, Inc., with International Speedway Corporation in a deal that was estimated to control more than one hundred motorsports events, 800,000 seats, and 400 suites.