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INSIDE INDY; Penske Covers Its Bases.(NEWS)
Byline: CURT CAVIN
Team Penske's Jan. 13 news conference at which it was announced that Will Power potentially could replace Helio Castroneves sparked more questions than answers, as it is too early to know what lies ahead for the No. 3 car. Castroneves is in a legal mess, facing seven federal charges ranging from tax evasion to defrauding the U.S. government. If convicted on all counts, he faces up to 35 years in prison.
Castroneves, who pleaded not guilty and insisted on his innocence, is certain to contend that he did not know what was happening to the $5.5 million in wages that allegedly went through offshore shell corporations to avoid taxation. But his defense must tiptoe down a path that could inadvertently lay the blame on his business managerand sisterKati.
The trial in U.S. District Court in Miami is scheduled to begin March 2, though legal buffs predict that the heat will increase a couple of weeks before that. A trial-avoiding compromise would not be shocking, but a plea probably would lead to the termination of Castroneves's contract.
If Castroneves stands trial, he needs to win and win quickly. Penske Racing president Tim Cindric said a return to the car in 2009 will be guaranteed only if the Brazilian is exonerated before the season-opening race in St. Petersburg, Fla., on April 5, barely a month after the trial is set to begin.
What happens after that is anyone's guess. Cindric ...
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- Newspaper article from: Reading Eagle (Reading, PA) May 28, 2006 700+ words
...sports, but Helio Castroneves has been flying under...Reading-based Marlboro Team Penske, the Sao Paulo, Brazil...t in my hands," Castroneves said. "In a 500...attitude appreciated by Team Penske president Tim Cindric...plots race strategy in Castroneves' pit. "And more...
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- Newspaper article from: Milwaukee Journal Sentinel (Milwaukee, WI) July 23, 2006 700+ words
...Dan Wheldon in 10th whom Castroneves and Hornish are really fighting...much better teammates," Castroneves said of his run-in with...both cars being on top, Team Penske winning races, him winning...a win-win situation." Castroneves broke Hornish's year...
- Team Penske counting down to Indy.
- News wire article from: Chicago Tribune (Chicago, IL) May 10, 2001 700+ words
...11th time." Marlboro Team Penske begins that quest Saturday...25-year old Helio Castroneves, is a true rookie in...adviser to Marlboro Team Penske. "He has been in the...the points title and Castroneves had three victories...
- Flood forces Team Penske to make early exit: The race team has relocated to a...
- Newspaper article from: Reading Eagle (Reading, PA) July 13, 2006 700+ words
...The Schuylkill River greeted Team Penske's groundbreaking of its Reading...overwhelming to most." However, Team Penske never lost its professionalism...500. Hornish and teammate Helio Castroneves stand first and second, respectively...
- Driven. (Team Penske owner Roger Penske)(includes related articles)
- Magazine article from: Indiana Business Magazine Johnson, J. Douglas May 1, 1994 700+ words
...Indianapolis Motor Speedway for more than a quarter century. Team Penske is the most successful IndyCar racing team in history. Many...Penske checked in his helmet and took the helm as an owner, Team Penske has become history's most successful IndyCar racing team...
- HINO BECOMES SPONSOR OF INDY RACERS MARLBORO TEAM PENSKE.
- News wire article from: Asia Africa Intelligence Wire March 30, 2004 700+ words
...that it has signed a sponsorship contract with Penske Racing Inc., the U.S. operator of the Indy racing team Marlboro Team Penske. Under the contract, the Hino Trucks logo will be displayed on the front of the team's racing cars, as well as on drivers...
- Recent victories have Team Penske bubbling with confidence.(Sports)
- Newspaper article from: The Albuquerque Tribune (Albuquerque, NM) August 19, 2000 700+ words
...de Ferran and Helio Castroneves have a pair of victories, the latest being Castroneves' win at Mid-Ohio...finishing second, it was Team Penske's first 1-2 finish...month, de Ferran and Castroneves were fastest at a CART...into consideration Team Penske's road course ...
- BACK TO SQUARE ONE; Team Penske is quickest with Indy's new 3.0-liter...
- Magazine article from: AutoWeek Cavin, Curt May 17, 2004 700+ words
...Speed-way: Team Penske is favored...with Helio Castroneves (231.725...practice, Castroneves was second...he said of Team Penske. Pole qualifying...CAPTION(S): Team Penske gets Helio Castroneves ready for practice...
- A heated rivalry: Team Penske's Sam Hornish Jr. edges Ganassi's Dan Wheldon as...
- News wire article from: Fort Worth Star-Telegram (Fort Worth, TX) June 9, 2006 700+ words
...between Marlboro Team Penske and Target Chip Ganassi...place qualifier Helio Castroneves, Hornish's MTP...Hornish Jr. Marlboro Team Penske 213.624 2. 10...588 3. 3 Helio Castroneves Marlboro Team Penske 213.182 4. 9 Scott...
- Grand Prix Guide: Team Penske back on track; Losing streak ends as drivers make...
- Magazine article from: Crain's Cleveland Business Melilli, Denise June 25, 2001 700+ words
Marlboro Team Penske owner Roger Penske...team member Helio Castroneves. Last season marked...return of Marlboro Team Penske, the powerhouse...a revitalized Team Penske won the championship...teammate, Helio Castroneves, won three races...
Source: HighBeam Research, INSIDE INDY; Penske Covers Its Bases.(NEWS)