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  • MMI: Tony Stewart-Built, Cary Agajanian-Approved

    MMI: TONY STEWART-BUILT, CARY AGAJANIAN-APPROVED
    Joe Menzer

    Nascar.com
    Sept 23 2009

    Management company immersed in driver representation

    MOORESVILLE, N.C. (and many points beyond) -- The complex story of
    Motorsports Management International begins in Los Angeles, winds
    through Indianapolis and even parts of rural Ohio before coming
    to rest, for now, at MMI's spacious new office on the outskirts
    of Charlotte.

    What is MMI, exactly? It is a good question.

    There is no one answer to it.

    The simple and most popular answer is that MMI is the House That
    Tony Stewart Built, an assumption that isn't disputed even by Cary
    Agajanian, who started the company and today splits his time mostly
    between L.A. and the rural farm he and his wife own in Cambridge, Ohio,
    with frequent side trips to tracks across America and the occasional
    sojourn to the MMI home office in Charlotte. But it is an overly
    simplified answer that neither explains where the company has been,
    nor how powerful it has grown in NASCAR as it expands rapidly both
    inside and outside of Stewart's considerable shadow.

    To even begin to understand the spider web of operations that is MMI
    these days, a little history lesson is in order. No one can teach
    it better than Agajanian, who has spent nearly five decades deeply
    involved in all facets of American motorsports.

    The No. 1 business in which MMI is immersed is driver representation
    -- and their roster of clients is deeper than any other company in
    the arena. It includes not only Stewart, but also Kasey Kahne, Denny
    Hamlin, Kyle Busch, David Reutimann, Jamie McMurray, Bill Elliott,
    Reed Sorenson, David Stremme, Regan Smith, Aric Almirola, Landon
    Cassill, Michael McDowell, Johnny Sauter, Bryan Clauson, Josh Wise,
    Brian Scott, Ricky Stenhouse Jr. and Brad Sweet.

    They also are involved in various efforts to bring corporate sponsors
    into the sport on a wide variety of levels. Chris Newman, the company's
    director of marketing and consulting, said, "This may sound arrogant,
    but it's true. We don't just read the news. We help make the news
    everyone reads about."

    Agajanian has assembled an impressive team of employees that has
    grown from "two or three" when he formed MMI in 1995 to more than 25
    today. Expansion has come so rapidly that he joked he met the most
    recent hire during a recent flight layover at the Atlanta airport.

    "I went through Atlanta the other day and was introduced. I was like,
    'Oh, you must be our new employee,'" Agajanian said with a chuckle.

    THE HISTORY

    The Agajanian story of involvement in motorsports begins not in 1995,
    but 63 years earlier in 1932, when Cary's late father, J.C. "Aggie"
    Agajanian, was a race car owner and promoter in Southern California.

    "My dad always enjoyed watching and assisting young drivers as they
    came up in their careers," Cary Agajanian said. "Not in the exactly
    same way that MMI does now, but he looked after the drivers who drove
    for him as much as he could -- or even drivers who drove in races he
    promoted or just drivers he became friendly with over the years. I
    always felt like that was the seed that had been planted in me."

    For years the elder Agajanian, who is widely credited with coming up
    with the term "sprint car," promoted races at Ascot Park, a popular
    half-mile dirt track on the outskirts of Los Angeles that drew all
    of the top driving talent in Southern California. J.C. Agajanian was
    a character known for wearing his Stetson cowboy hat so often that
    his own son -- Cary's brother J.C. Jr. -- once joked, "I didn't know
    my father was bald until I was a teenager. He used to wear that hat
    even when he sat down to breakfast."

    J.C. Agajanian also was a prolific car owner at the time, having been
    discouraged from driving by his father, an immigrant from Armenia
    who threatened to kick J.C. out of the house if he got behind the
    wheel himself. From 1948 through 1971, Agajanian's cars won three
    Indianapolis 500 poles and a pair of Indy 500 races.

    Therein lies the real key to what MMI has become today, according to
    Cary Agajanian. Call it the Cautionary Tale of Two Drivers.

    "Troy Ruttman won the Indy 500 in 1952 in one of my dad's cars when
    he was only 22 years old," Agajanian said. "My dad really liked him,
    and had known him since he was 14 or 15 years old. He cut school one
    day and drove over to my dad's when he was 15, and told him he wanted
    to drive for him. My dad didn't know who he was, but he took him to
    lunch and told him to go back and do his studies and that they'd get
    back together one day. Amazingly, that's what happened.

    "He did keep racing and came back to my dad when he was 21, because
    that's how old you had to be back then. And my dad put him in his
    car and they won the Indy 500."

    What happened next was as sad as the beginning of the story was
    amazing. Despite the advice of J.C. Agajanian to put money away while
    the going was good, Ruttman failed to do so. Not long thereafter,
    Ruttman suffered an arm injury in a wreck and suddenly his driving
    career was never again to be as lucrative.

    "When he passed away [of lung cancer in 1997], he didn't have any
    assets to speak of," Cary Agajanian said.

    Although Ruttman, the older brother of NASCAR driver Joe Ruttman,
    kicked around driving in various series for many more years --
    including seven NASCAR Grand National series events between 1962 and
    1964 -- he was a case study for another of Agajanian's Indy drivers
    a decade after Ruttman's own 500 victory.

    That was Parnelli Jones, who won the Indy 500 in 1963 and listened
    intently when J.C. Agajanian told him what had happened to Ruttman.

    "Right away as soon as he started winning races, my dad explained
    what Troy had done," Cary Agajanian said. "My dad bought property
    with Parnelli. Every time they'd win a race or do well, my dad would
    match the money and they would put it into their investments. Now,
    Parnelli -- and he probably wouldn't want me to say it -- but he's
    probably the richest guy in racing. As far as race car drivers go,
    he did extremely well."

    Agajanian said the intertwined, star-crossed stories of Troy Ruttman
    and Parnelli Jones "almost defines our company" at MMI. First and
    foremost, MMI is a driver management company that assists mostly NASCAR
    drivers in all aspects of their careers -- as much or as little as
    they would like.

    It also has expanded to build relationships with corporations who
    venture into NASCAR on various levels, not only helping the driver
    clients it represents build relationships with corporate sponsors but
    helping teams and the corporations themselves find happy homes with
    each other in the sport. But without the drivers, Agajanian is quick
    to admit, MMI would not exist. In return for that, his pledge is that
    none of the drivers represented by MMI will ever face a post-career
    shortage of funds like Ruttman did.

    "Race car drivers' careers can be really short, like Troy Ruttman's,
    or they can be really long," Agajanian said. "What we try to do is make
    sure that they put enough money away and make the proper investments,
    so that when they want to retire or in some instances have to retire,
    they will have plenty of assets and a nice little nest egg to take
    care of themselves and their families."

    'YOU CAN'T RACE HERE'

    Agajanian credits two of the biggest superstars in NASCAR history
    with helping him come up with the idea of MMI as a full-service
    management vehicle for drivers, and exceptional timing with what has
    helped fuel phenomenal growth since then. Stewart is the first and
    most widely credited of those superstars, but the truth is that MMI
    never would have been formed as a company without Agajanian first
    becoming involved with a young Jeff Gordon.

    Gordon attempted to race at Ascot Park when he was 14 years old,
    not long after J.C. Agajanian's death. Cary Agajanian, by then
    well-schooled both in common sense and armed with an undergraduate
    degree in business and finance management as well as a law degree
    after a total of seven years at the University of Southern California,
    turned Gordon away.

    "In those days -- and in many ways still today -- the sprint car was
    and is the most powerful and most dangerous car in racing," Agajanian
    said. "On a half-mile dirt track, it was really dangerous."

    He gave the bad news to Gordon's stepfather, John Bickford, telling
    him: "John, we can't let him race here. He's only 14 years old."

    It wasn't a matter of questioning the young driver's talent. It was
    a matter of legality. Bickford said he understood. Later that winter
    Agajanian was lecturing at a workshop when he was asked why Gordon
    couldn't race at Ascot Park.

    "Well, his release isn't really a valid document. So I don't think
    it's legally the proper thing to do," Agajanian told other race-track
    operators, citing that in the state of California the legal age of
    consent was 18.

    Suddenly, other tracks in California started turning Gordon and other
    young drivers away as well. It led to Bickford eventually taking his
    stepson to Florida and finally Indiana to continue grooming him for
    a career that Gordon initially hoped would come in IndyCar racing.

    "Basically, we ran him out of the state of California when he was 14,
    15 years old," Agajanian said.

    Bickford still laughs about it, according to Agajanian, who today
    calls Bickford a close friend.

    "If you hadn't run us out of California, we probably never would have
    ended up where we did," Bickford once told him.

    Meanwhile, they stayed in touch -- and when Gordon was offered his
    first contract to race stock cars for Bill Davis Racing, it was
    Agajanian who received a surprise phone call from Bickford.

    "Next thing you know they were calling me up and saying, 'You're the
    only lawyer we know who understands racing. Would you look at this
    contract Bill Davis is giving him?' I guess I could say the rest is
    history," said Agajanian, who re-drew the contract and turned it into
    a mutual option that gave Gordon the ability the next year to accept
    a better offer from Hendrick Motorsports.

    The experience led Agajanian, who then was running his own law firm
    out of Los Angeles after earlier spending 10 years as Deputy Attorney
    for the city, to form MMI as a separate company that could handle
    such details as contract negotiations for drivers. He had been giving
    free advice to drivers for years, but the deal with Gordon opened his
    eyes to the fact that there was more to be done than most realized
    and the playing field rapidly was changing and becoming more complex
    -- not to mention more lucrative for all who grabbed a piece of the
    financial pie.

    "Before, most of the drivers were starving, so I would never charge
    them for advice anyway," Agajanian said. "But when I saw what was
    happening in NASCAR, especially with Jeff, I said to myself that
    there was really a need with the amount of money that was being made
    to help guide the drivers. And that philosophy really went all the
    way back to the story of Troy Ruttman."

    Assisted greatly by the late Gerry Tolman, who went on to fame as the
    manager of the popular band Crosby, Stills and Nash, Agajanian set up
    MMI "very similar to other management companies in other professional
    sports and entertainment companies."

    There was money to be made, but Agajanian had no illusions at first
    of it growing into the behemoth it would become.

    "If drivers were successful, we'd be successful. And if they weren't,
    we wouldn't get paid -- which happened more often than not," he
    said. "I also always kept my law firm as a separate entity, so I
    would always have a source of income."

    The company plodded along until fate -- in the form of Tony Stewart --
    intervened late in 1995.

    SEALED ON A NAPKIN

    Stewart, then 24 years old, had just become the first driver in history
    to win the United States Auto Club (USAC) Midget, Sprint Car and Silver
    Crown championships in the same year. He was a hot commodity and was
    beginning to field offers to drive for car owners in more prominent
    series, including IndyCar and NASCAR. The legendary A.J. Foyt had
    just had Stewart out to Phoenix to run a test session in an IndyCar.

    Unsure of what to do next, Stewart turned to Agajanian. The two
    knew each other from some races Stewart had run earlier as Ascot
    Park before the facility closed in 1990, but they were only casual
    acquaintances at best. Stewart's initial phone call, asking for career
    advice as folks were starting to show interest in the young driver,
    caught Agajanian a little by surprise.

    " This company was built on the backs of Cary and Tony for sure. It
    was late nights every night.

    " JEFF DICKERSONAgajanian told Stewart to stop at his Los Angeles
    law office on his way to Australia, where Stewart was headed to race
    sprint cars. Once there, Agajanian laid out the particulars of how
    he had formed MMI for just this purpose -- to assist young drivers
    in all aspects of helping manage their careers. Then he did what he
    never did previously with Gordon or anyone else. He presented Stewart
    with a contract authorizing MMI to represent him.

    Stewart readily agreed to sign it, and then boarded a plane for
    Australia. Almost simultaneously, Agajanian was named executive vice
    president of operations for the newly formed Indy Racing League.

    "At that point, we were sitting around trying to figure out who was
    going to run in our first race in the next few months," Agajanian
    said. "They asked me about Tony. And I said, 'Well, people are looking
    at him in stock cars. But he loves IndyCars. I think he would love
    to race in the Indy Racing League. Let me see what we can do.'

    So Agajanian flew to Orlando, Fla., and met for dinner with Larry
    Curry, a crew chief with owner John Menard's teams.

    "Larry, you really have to hire this kid Tony Stewart. He's going to
    be a great, great champion, I'm just telling you," Agajanian said.

    "Well, yeah, I've heard of him," Curry admitted. "But I don't know
    that much about him and Menard will never hire him."

    The two men began arguing about it back and forth. Finally, Curry said,
    "Let's call John right now."

    They reached Menard, whose son Paul later would race in the Sprint Cup
    Series, in Eau Claire, Wis. Agajanian could tell Menard wasn't buying
    into the idea of putting Stewart in one of his cars. He already had
    two other cars he was running with veteran drivers in Eddie Cheever
    and Scott Brayton and wasn't thrilled about putting an untested rookie
    in a third car.

    Eventually, Curry handed the phone over to Agajanian.

    "I can't put him in our car," Menard said. "I mean, he's a midget
    driver. He's gonna go crash my car and wreck. I want to support the
    league and all that, but come on."

    Agajanian was nonplussed.

    "Well, we really need cars [in the IRL] -- but most important, this is
    a kid who is going to go and win races for you," he told Menard. "You
    just need to give him a chance. I guarantee you he'll do it for you."

    Menard finally gave in, muttering: "Awright, awright. We'll do it
    for one race."

    "Absolutely. Do it for one race," Agajanian replied. "If you don't like
    him, you can fire him on the spot as soon as the race is over. We'll
    write it up on the cocktail napkin right in front of us."

    And so they did.

    "As much as you read those stories, this one was true. I wrote up
    a one-paragraph contract on the napkin with Curry right there and
    then. And then I said, 'I gotta go make a phone call.' I walked right
    out of the bar/restaurant and called Tony Stewart in Australia and
    said, 'You'd better get on a plane and get back to the States.'

    "He packed up, flew through Indianapolis, didn't even sleep or stop
    and got down to Orlando and got right in the race car. He ended up
    second in the first IndyCar race he ever raced, and lapped both of
    Menard's other two cars. And he had Cheever and Brayton, who were
    two great race car drivers.

    John Menard approached Agajanian after the race and said, "I guess
    we'd better draw up another contract."

    "On real paper, this time," they mutually agreed.

    At the same time, Lorin Ranier, then-car owner Harry Ranier's son,
    was eyeing Stewart for a NASCAR seat. He told his father that everyone
    had missed out on Jeff Gordon at first and that "this Tony Stewart
    is the same thing as Jeff Gordon." With Agajanian offering advice on
    the driver's end, Ranier ended up signing Stewart to run nine races
    in what was then the Busch Series that same year, keeping open all
    of Stewart's options for the future.

    Getty ImagesNo matter the series, Kyle Busch doesn't celebrate a
    victory without NOS Energy Drink.

    FAST FORWARD

    Fast forward nearly 15 years. It is less than three hours before the
    Chevy Rock & Roll 400 at Richmond International Raceway, and Jeff
    Dickerson is holding court in a motorhome that belongs to MMI.

    Dickerson is the new poster boy for MMI. Cary Agajanian can spill
    stories about the old days all night long, but he is the first to
    admit that Dickerson and others such as executive vice president Rod
    Moskowitz are the true lifeblood of the company these days.

    A former driver himself on smaller circuits, Dickerson now manages
    most facets of the career of Sprint Cup star Kyle Busch. In an odd
    twist, he also serves as Busch's spotter not only in his Cup races,
    but also in the Nationwide Series and Camping World Truck Series.

    Dickerson said his past experience helps him relate to today's drivers
    and he wears multiple hats not only in Busch's own camp, but within
    MMI itself, where he holds the title of vice president and is more
    or less in charge of the all-important driver development program
    that scours the nation for new talent to represent.

    Kyle Busch celebrates a Nationwide win earlier this year at Texas.Of
    his own midget/sprint car driving career, Dickerson laughed and said:
    "I ran against Tony when he would come back to Indiana from the
    IndyCar and Busch Series. I ran against (former Cup driver and USAC
    champion) J.J. Yeley. I ran against [current Nationwide driver Jason]
    Leffler. I couldn't ever beat them, but I was fast enough that they
    would at least talk to me."

    This is no longer the era of contracts on cocktail napkins. This is
    the era of contracts with race teams, personal-services contracts,
    and contracts that determine the cuts drivers receive for all kinds
    of licensed merchandise from hats to T-shirts to die-cast cars.

    Then there are all kinds of other deals to be cut, from driver
    development agreements that (hopefully) secure the future both of
    the driver prospect and of the management company itself, to making
    certain an already successful Cup driver has a deal with a beverage
    sponsor so he can get paid to spray something when he reaches Victory
    Lane (see: Kyle Busch and the MMI-forged relationship with NOS Energy
    Drink that has blossomed in the past two years).

    There also is the matter of insurance. Agajanian likes to tell the
    story of going to England to insure Stewart's entire contract with
    Joe Gibbs Racing years ago, guarding against the dire prospect of
    debilitating injury.

    "We did that with Tony when he signed the first major contract with
    Joe Gibbs Racing," Agajanian said. "We went to Lloyd's of London
    and I personally went up and down all the different of what they
    call the benches, which basically is a conglomeration of hundreds
    of underwriters. We took up the whole capacity of Lloyd's for
    disability. They only have a certain amount of millions of dollars
    that they can insure for someone being injured -- whether it's a
    soccer player or a Formula One driver or whatever.

    "When I went over there, it opened their eyes -- because they had
    never seen anyone from America making that kind of money. They had
    never seen a stock-car driver even come close. We had to go from place
    to place and get $5 million here and $5 million. It went on and on
    until we pieced enough together so that if Tony had gotten hurt,
    the full amount of his contract that he had just signed with Joe
    Gibbs would have been paid."

    Agajanian and others at MMI are programmed not to call themselves or
    really anyone in the company "agents," but Dickerson doesn't care or at
    least never received the memo. And while he refers often to himself as
    one, he said it doesn't mean much if there is no substance behind it.

    1on1 Jeff Dickerson is one of the more interesting behind-the-scenes
    operators in NASCAR these days, working as an agent (his company,
    Motorsports Management International, prefers to call him "a manager")
    and also as Kyle Busch's spotter during races.

    More "In the early days, you could just call yourself an agent,"
    Dickerson said. "You could have the title and say, 'Hey, look at
    me.' You wouldn't make any money, but you could have the title."

    And don't get Dickerson going about driver development, another
    aspect in which MMI seems to be ahead of the game when it comes
    to other companies attempting to build their list of motorsports
    clients. Dickerson sort of unofficially heads up MMI's all-important
    driver development program, which includes Lorin Ranier and others
    who serve as full-time scouts, scouring the country for the next Tony
    Stewart or even the next Landon Cassill.

    "We could talk driver development all day long. But again, I think it's
    been hi-jacked. I think it's been exploited," Dickerson said. "Other
    companies say, 'Hey, we'll do driver development.' And then they charge
    parents to have their kids in their driver development program. That's
    not driver development."

    He insisted that the way MMI does it sets the company apart from
    everyone else.

    "We invest in them. We put our resources behind them. We put our name
    behind them," Dickerson said. "We don't charge any of our drivers
    anything until they sit in a Truck. It's not pay-us-as-you-go. It's
    not, 'Hey, give us $5,000 a month or $10,000 a month.' That's not
    good for the sport."

    Lorin Ranier, the man who once told his father he couldn't ignore the
    potential of Tony Stewart in a stock car, spearheads the efforts to
    find new young talent that can be represented by MMI. One of those,
    current Truck Series driver Brian Scott, stops by the Mooresville
    offices of the company frequently and said he couldn't be happier
    with they way they have molded his fledgling career, calling MMI
    "a great incubator of young talent."

    As for Ranier, Dickerson said: "Him and three or four other guys,
    that's what they do every day, every weekend. They're out there
    preparing scouting reports. We've taken this to an entirely different
    level. It's slowed down for sure. But it doesn't stop. We still have
    to be prepared for when the curve comes back around for young drivers,
    we want to make sure we're positioned to get the right guys, and the
    best guys."

    They believe they are like no one else is, meaning their already
    considerable stable of talent is likely to swell in the coming
    years. What keeps them all motivated, said Dickerson, is remembering
    the early days of the company.

    "This company was built on the backs of Cary and Tony for sure. It
    was late nights every night," said Dickerson, who came on board in
    2001 when there were only two or three other employees. "You needed a
    proposal or you needed this or you needed that. The whole management
    thing hadn't really taken off in the garage yet. So if a driver came
    up to you and said he needed a proposal for something, you didn't
    say no to anything. This company really was built on Tony and on not
    saying no.

    "A guy needed a proposal? It didn't matter who it was. You just
    didn't say no, because it was so fragile. Besides Tony, you didn't
    know where that next client was coming from."

    They still don't. But now there is less desperation and more beauty
    in waiting to find out.

    Getty ImagesMMI's Rod Moskowitz talks with Kasey Kahne, one of the
    company's many driver clients.

    HOME OFFICE

    It is shortly after lunchtime when the phone rings in the busy
    Mooresville office of Rod Moskowitz. On the other end of the line is
    driver Denny Hamlin, who is seeking advice about an offer that just
    was made on the Cornelius, N.C., home Hamlin is attempting to sell.

    A few days later, there is Moskowitz again. This time he's standing
    behind driver Kasey Kahne in the garage at Richmond International
    Raceway as Kahne talks with the media about driving Fords next year
    instead of the Dodges he has driven his entire Cup career.

    As with Dickerson or Eddie Jarvis or any of the others in MMI with
    titles that vary from Jarvis' "Special Consultant to the President"
    to the client manager status held by Cary's Agajanian's son, Jacob,
    and others, Moskowitz's wide-ranging role, like MMI itself, is
    hard to define in a simple sentence or two. To call him an agent or
    manager would not be entirely inaccurate, but nor would it be entirely
    accurate. Like MMI, he seems to be everywhere.

    A former collegiate soccer player at Vanderbilt, he cut his teeth in
    the representation arena when he was 18 or 19 years old and helped
    establish the Tate George Foundation for the former NBA player. When
    Moskowitz arrived in Charlotte to work in the first cramped office MMI
    operated out of in Cornelius, N.C., he spent his nights sleeping on the
    couch of former client and current Truck Series driver Ron Hornaday.

    " I was pretty young when I started at MMI. And it was right around
    when Tony burst onto the scene as a star. ... All of a sudden we were
    into all kinds of stuff.

    " ROD MOSKOWITZMoskowitz previously worked for Advantage International
    before joining MMI in 2000 and is into all sorts of ancillary stuff
    these days. Ever wonder how Stewart's dirt-track race from Eldora
    Speedway, the Prelude to the Dream, ended up raising so much money
    for charity via HBO Pay-Per-View? It was Moskowitz's idea, as was
    getting the Chili Bowl on national pay-per-view television.

    He performs many duties for clients such as Hamlin and Kahne, helping
    them with their foundations and putting on various charity events while
    also advising them on a variety of money and general life matters.

    "I was pretty young when I started at MMI, maybe 28 years old. And
    it was right around when Tony burst onto the scene as a star,"
    said Moskowitz, now 35. "Through Tony and working with Eddie Jarvis
    [Stewart's day-to-day client manager], who had the contacts and
    relationships in the sport that I didn't have, we were able to help
    Tony and sign some other guys like Kasey Kahne and Jamie McMurray
    and Denny Hamlin and Kyle Busch. It really just took off, especially
    after Tony won the championship in 2002 -- and all of a sudden we
    were into all kinds of stuff."

    Soon Moskowitz was able to move off Hornaday's couch and into his
    own place.

    "I think I slept on his couch for about two months," he said. "Kevin
    Harvick and Jimmie Johnson also slept on Hornaday's couch. Maybe I'm
    not as successful as those guys, but I guess I've done all right."

    So has MMI. The company is preparing to move into a new,
    state-of-the-art, 19,000-square-foot office in Mooresville that will
    include a spacious lounge for their driver clients, complete with
    elaborate video-game systems and flat-screen televisions.

    Providing a driver's lounge with video-game hookups is new school,
    and MMI has it covered. Agajanian, who represents old school, has the
    other end covered. Chief Operating Officer William Anthony, Dickerson,
    Moskowitz, Jarvis and a host of others seem to have everything in
    between blanketed.

    In the end, the goals are simple. Sure, MMI wants to make money and
    expand its growing empire, especially on the corporate end where
    already it has teamed with Dollar General, LifeLock, NOS Energy Drink
    and others on countless ventures and promotions related to NASCAR. But
    what Agajanian really wants is to ensure that none of the drivers
    his company represents ever go the misguided route of a Troy Ruttman.

    "One of our drivers who used to be famous for spending money, we wrote
    into his contract -- and his owner couldn't have been happier -- that
    a pretty good portion of his money went straight into an investment
    fund," Agajanian said. "He never saw it or touched it. And he's got
    a lot of money in the bank right now."

    Joe Menzer is the author of "The Great American Gamble: How the 1979
    Daytona 500 Gave Birth to a NASCAR Nation." Click here to purchase.

    Cary Agajanian Cary Agajanian, 67, has done practically everything
    in racing except get behind the wheel. He's been a pit-crew member,
    car owner, track promoter, sanctioning body director, event producer,
    legal counsel, sponsorship consultant, rules committee member and
    driver manager.

    In fact, Cary has represented or advised nearly every major motorsports
    sanctioning body in the U.S., including NASCAR, the IRL, CART and USAC.

    MMI was formed out of Agajanian Enterprises, the family's motorsports
    promotion and racing team operation.

    Just like its founder, MMI is a one-stop resource for the racing
    industry, offering full services in driver management and motorsports
    consulting.

    Cary, in combination with his two brothers, J.C. Jr. and Chris, also
    have been recognized as motorsports pioneers in the areas of track
    ownership, event promotion, media production, and legal consultation.

    They are best known for making Ascot Park, a Los Angeles-area dirt
    track, the most famed short-track venue in the United States during
    its time.

    During the past 50 years, the Agajanians have promoted more than
    4,000 auto racing and motorcycle racing events, including the annual
    "Turkey Night Grand Prix," still one of USAC's premier races, and
    the first of many Evel Knievel stunts at high-profile venues like
    the Los Angeles Coliseum.

    Cary's two sons are continuing the family's legacy: Josh Agajanian
    as a media producer and Jacob Agajanian as a client manager for MMI.

    As always, you can usually catch Cary along pit road before the race.
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