Speaking from the back of one of NASCAR's haulers at New Hampshire Motor Speedway the weekend before last NASCAR's president Mike Helton briefly addressed the RTA's formation. By working together and speaking with a single voice, it should be a simpler and smoother process to work with current and potential groups involved with the sport." We all have vested interests in the success and popularity of stock car racing. "This simply formalizes what was an informal group. "The teams have met in various forms and forums over the years to explore areas of common interest," Kauffman said. This simply formalizes what was an informal group.
He says the RTA teams will pool resources to save money on hotels and disability insurance and to create economies of scale in purchasing machinery and equipment. Kauffman also owns a vintage car restoration business. Kauffman lives in London and New York and has raced GT cars, including co-driving a Ferrari 458 Italia at Le Mans with Waltrip and Brian Vickers. He sold his shares in Fortress Investments in 2013 for $180 million. Kauffman's net worth was listed by Fortune magazine in 2007 at $1.8 billion although he fell off the billionaires list amid the recession of 2009. In 1998 Kauffman founded Fortress Investments, a hedge fund and private equity firm.
Kauffman has been the co-owner of Michael Waltrip Racing since 2006. Rob Kauffman is RTA's chairman and spokesman. RTA's founding members are: Hendrick Motorsports (four cars), Stewart-Haas Racing (four), Joe Gibbs Racing (three), Richard Childress Racing (three), Roush Fenway Racing (three), Michael Waltrip Racing (two), Team Penske (two), Chip Ganassi Racing (two) and Richard Petty Motorsports (two). Nine of NASCAR's biggest teams have formed RTA aiming to, "explore common interests, reduce costs and collaborate on initiatives to promote and expand NASCAR." At the moment RTA's nine teams represent 25 cars but RTA says it plans to invite all full-time Sprint Cup teams to join the organization.
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Traditionally, NASCAR has always been firmly opposed to unions of drivers or team owners and RTA's creation marks the first time in NASCAR's history that the teams will be represented by a formal organization of owners rather than each man lobbying on his own behalf. Everybody else better stay in Read George Diaz’s blog at OrlandoSentinel.The formation of Race Team Alliance (RTA) has created a lot of hand-wringing among NASCAR's media. But the boss has made things perfectly clear: “If we need someone to drive the truck this weekend, I’ll be in the seat.”Ĭhances are that won’t be necessary. “There’s not a job at any one of our businesses that I wouldn’t do myself,” Penske said. The Penske touch includes shiny-clean Italian floor tile and black leather chairs located throughout the 424,697-square-foot facility. Penske learns the names of many employees, often walking around to say hellos in the race shop that combines both the Ind圜ar and NASCAR operations, located in Mooresville, N.C. But you also make hay with relationships. People don’t become accidental billionaires. It’s quite an honor.”ĭon’t be fooled by a slice of humble pie. I’m just proud to be in the club with you guys. “An 11-time winner, a 4-time winner and Super Bowl champion. “I’m not sure how I got here,” Penske said during an owners media conference Friday at Homestead-Miami Speedway. Gibbs has two guys, Kyle Busch and Carl Edwards. Hendrick has Jimmie Johnson, going for a record-tying seventh Cup title.
Penske joins Joe Gibbs and Rick Hendrick, a good friend, as iconic faces of motor sports competing against each other for a title. It is not an accident that he has been successful in everything, not just motorsports - everything.” “That is shown all the way through our company. You have somebody that will clean the shop floors with you and also make the big decisions at the same time. “He is the type of person who leads by example. He won his first NASCAR Cup title with Brad Keselowski in 2012 and now has Logano as his wing man in the organization’s chase for another title. He owns the most victories - 16 - as an owner in the Indianapolis 500. But it’s the racing that drives the majority of passion and ambition. The Penske name has morphed into the billion-dollar brand, with racing and other automotive-related businesses, including a leasing company. His father loaned him $75,000 out of his savings to open the dealership. Penske had made a decent run as a race-car driver, winning the Sports Car Club of America championship in 1961, but racing was a bottomless money-pit, and so Penske went looking for another line of car-related work. It began in 1965 when he opened up his first business, a Chevrolet dealership in Philadelphia.
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