(Do you like the consonance?) From auto dealerships to Super Bowl XL, Roger Penske finds success in just about everything he does.
His Penske Automotive Group, with 253 dealerships, is the second largest auto dealer group in the world.
His Penske Truck Leasing manages more than 200,000 trucks around the world.
And Penske is a self-made billionaire. Forbes ranks him as the 773rd richest man in the world and 296th richest man in America.
In open wheel racing Penske’s teams have won 13 championships and gone to victory lane a total of 141 times, including 15 Indianapolis 500 wins. He is one of the most prolific owners in open wheel racing.
Despite his success in business and on that side of racing, in 27 years of fielding a car in NASCAR Penske hasn’t been able to push his teams across the threshold and become a championship winning owner (though he came very close in 1993 and has 62 race wins). That may soon change.
It was only a matter of time before the man affectionately known as ‘The Captain’ once again positioned his NASCAR team to be as consistently competitive as any other organization in the sport.
With the announcement last week that Shell/Pennzoil would join the team in 2011, Penske (the organization) showed their strength not just as a racing organization, but as a business entity. The team and the larger Penske Corporation is able to provide sponsors with so much more than just an on-track presence. With big sponsors in short supply, this type of thing is vital.
On track, the team has Kurt Busch (a championship winning veteran), Brad Keselowski (an eager rookie), Sam Hornish (a developing, championship winning race car driver), and strong prospects in Justin Allgaier, Parker Kilgerman and Dakoda Armstrong.
Armstrong, running full time in the ARCA Series, won his first race this past weekend. And Allgaier scored his first win at Bristol earlier this season and has shown marked improvement. To his credit, Parker Kilgerman was running well this past weekend before getting caught up in a wreck.
While there is still work to be done at Penske, they are well positioned for the future. They have veteran talent, great sponsors and the willingness to nurture the Penske stars of tomorrow. Those are all factors that could one day soon combine to give Roger Penske that elusive NASCAR championship.
TheNASCARInsiders.com
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