Elite Attorney Warns Judge of NASCAR’s Potential Bankruptcy Fearing Roger Penske’s Series’ Fate

Back in the 1980s and early 1990s, IndyCar was neck-and-neck with NASCAR for America’s motorsports throne. The Indy 500 wasn’t just a race, it was the race, pulling TV ratings and sponsorship dollars that rivaled the Daytona 500. Open-wheel racing looked like it could hold its own against stock cars forever. But then came the split.

In 1996, Tony George, head of Indianapolis Motor Speedway, broke away from CART to form the Indy Racing League (IRL). What followed was chaos. Fans picked sides, sponsors bailed, and ratings tanked. While NASCAR rode high with stars like Jeff Gordon and Dale Earnhardt Jr., open-wheel racing imploded. CART went bankrupt, and though IRL survived as today’s IndyCar, it’s never sniffed its old glory. That split left scars that still haunt the series.

Now, NASCAR’