Team Penske Racing has been named as a finalist for the Sports Team of the Year award by The Sports Business Journal. Team Penske is the only racing team going for the category this year.
Other finalists in the running for the award include: the Charlotte Hornets, Las Angeles Galaxy, Los Angeles Kings, Seattle Seahawks and the St. Louis Cardinals. A winner will be announced at the New York Marriott Marquis in Times Square on May 20.
“It is a tremendous honor that Team Penske has been named as a finalist for the Sports Business Journal Professional Sports Team of the Year,” said Roger Penske in a press release. “This is one of the most prestigious awards in the sports business world and it is a testament to our people along with our business partners and the tremendous amount of work we have accomplished together over the past year. We are fortunate to represent many of the world’s leading brands and our team has been able to win with them both on and off the track.”
The Sports Business Journal and Sports Business Daily started the awards in 2008 as a way to recognize excellence across different platforms in all of sports. These awards to be given out in May are for March 1, 2014 through February 28, 2015.
The racing team has captured over 400 victories since it began. It holds 15 Indianapolis 500 victories, two Daytona 500 wins and 27 national championships. In both IndyCar and NASCAR, the team won 25% of the races it started in last year.
NASCAR has also been nominated as the Sports League of the year. In addition, Brian France, NASCAR Chairman, is one of the nominees for Sports Executive of the year.