Luczo Dragon Racing and de Ferran Motorsports join forces to create cutting edge indycar racing team

NDIANAPOLIS, IN - Steve Luczo and Jay Penske, co-owners of Luczo Dragon Racing, and Gil de Ferran, owner of de Ferran Motorsports and former Indy 500 winner, have merged their two businesses to create a new cutting edge motorsport venture that will leverage technology and science to compete at the highest levels of the IZOD IndyCar Series, it was announced today.

Gil de Ferran Credit: Dana Garrett/IndyCar Series

De Ferran, the 2003 Indy 500 winner and two-time IndyCar champion, will serve as co-owner, President and Managing Partner of Luczo Dragon Racing/de Ferran Motorsports. After spending the last two years as driver and team owner of de Ferran Motorsports in the American Le Mans Series, de Ferran has been focused on bringing his championship experience to the IZOD IndyCar Series. The decision to join forces with Luczo Dragon Racing is based on a desire from both teams to build one of the most advanced and high technology motorsports operations in North America.

"We have been talking to Gil about this for some time and we felt this was the perfect opportunity to combine our resources," Luczo said. "Gil has the experience of working with major manufacturers and leading racing teams all over the world and we feel we can bring the essential business acumen and managerial expertise to the operation. Our skills are highly complementary and we all have the same vision and ambitions. We're very excited about the direction of our team."

The combined skills of the three partners will create a formidable framework around which to operate. Penske, the youngest son of Roger Penske has built up an impressive media and publishing empire while maintaining a close interest in the sport via his young IndyCar team. Luczo is Chairman and CEO of Seagate Technologies and one of America's most successful businessmen in the field of technology, while de Ferran's successes are well documented in the world of motorsport as a driver and more recently a team owner.

"Gil and I have known each other for 10 years - when he started racing for my father," Penske said. "Gil has always had ambitions outside of the car and Steve and I have been talking to him about working together for some time. Luczo Dragon Racing and de Ferran Motorsports will live together. We all share the same vision for the future in this industry and with our combined skills we are confident that we can make a real success story of this new venture. We have the resources and the knowledge to build a great motorsport organization together."

"This is a hugely exciting announcement," de Ferran said. "Our aim is to put together a state-of-the-art motorsports operation with a sharp focus in high technology and developing the science of performance. We have a very talented driver in Raphael Matos who has been a winner at every level he raced and showed great potential already last year, becoming rookie of the year. The foundation is set and with our collective resources and leadership we hope to break new ground and become one of the most competitive teams in the IZOD IndyCar series."

Luczo Dragon Racing was formed in 2007 with Ryan Briscoe finishing fifth in the Indianapolis 500, the team's initial race. After a limited schedule in 2008, Luczo Dragon ran a full season in 2009 and claimed the Rookie of the Year title with Matos behind the wheel. De Ferran Motorsports fielded a factory supported Acura in the American Le Mans series in 2008 and 2009. Since its debut half way through the 2008 season, the team won 28% of the races it competed, finished in the top three 61% of the time, was pole position 44% and front row 72%. In 2009, its first full season the team finished second in the LMP1 Class.

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