
IndyCar Team Owner Mike Lanigan Returns After Surviving Health Scare
IndyCar team owners Michael Lanigan (left) and Bobby Rahal (right)
Michael Lanigan returned to the IndyCar paddock Sunday at The Thermal Club after surviving a major health scare five weeks ago that left him with a broken neck.
Lanigan is one of the three owners of Rahal Letterman Lanigan Racing along with 1986 Indianapolis 500 winner and three-time CART Champion Bobby Rahal and television icon David Letterman.
Lanigan continues to wear a neck brace to stabilize his fractured neck and explained what happened while sitting on a golf cart a few hours before The Thermal Club IndyCar Grand Prix on March 23.
Five weeks ago, Lanigan couldn't sleep and got up at 3 a.m. to make some coffee. According to Lanigan, he walked down the stairs when his heart stopped. Lanigan fell, fracturing his neck and sustained a gash on his head. Somehow, the impact helped to restart his heart and the industrialist from the South Suburbs of Chicago was transported to the hospital.
Lanigan explained that doctors installed a pacemaker that triggers his heart whenever it stops. It is something he will likely have to utilize from now on.
Lanigan has been involved in IndyCar racing for decades after he started Mi-Jack, a heavy construction company, in 1973. In 1989, Lanigan returned to the family headquarters in south suburban Chicago in 1989 to take over the business, to become the company's president.
Mi-Jack produces rubber-tire gantry cranes.
In 1992, began sponsoring cars in CART and the Indianapolis 500. In 1993, Lanigan co-founded Walter Payton Power Equipment, a crane and heavy equipment distributor. He currently leads the Lanco Group, a conglomerate involved in cranes, industrial equipment, entertainment, motorsport interests, and a joint venture that operates the Panama Canal Railway.
Lanigan was co-executor of Walter Payton's estate along with Matt Suhey after the Pro Football Hall of Fame running back of the Chicago Bears passed away from a rare liver disease in 1995.
Lanigan became a racing team owner in 2001 when he was a partner with driver Eric Bachelart at Conquest Racing. That team competed in the IndyCar Series in 2001 and 2002, and in the Champ Car World Series from 2003 to 2006.
After the 2007 season, he sold his interest in Conquest and joined Newman/Haas Racing, which was renamed Newman/Haas/Lanigan Racing. The team transitioned to the IndyCar Series following the unification of Champ Car and IndyCar in 2008. Lanigan became close friends with one of the team's owners, actor Paul Newman, and was among the last to see him before he passed away son September 26, 2008.
In 2007, Lanigan also held partial ownership of Carl A. Haas Motorsports in NASCAR.
Lanigan left Newman/Haas in 2010 and, in December of that year, joined Rahal Letterman Racing, which was subsequently renamed Rahal Letterman Lanigan Racing. The team competes in both IndyCar and the WeatherTech SportsCar Championship.
Lanigan was one of the winning team owners of the 104th Indianapolis on August 23, 2020, when Takuma Sato was the winning driver in the only Indy 500 held outside of the month of May. That was because of the COVID pandemic that forced Indianapolis Motor Speedway officials from allowing spectators at the race.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
Sage Potash Announces Second Financing Upsize to Targeted $6 Million
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to announce that, due to continued and significant investor interest, it has further upsized its previously announced non-brokered private placement (the "Offering") from $5 million to $6 million. The Offering will now consist of up to 24 million units of the Company (the "Units") at a price of $0.25 per Unit, with each Unit consisting of one Common Share and one-half of one non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at a price of $0.35 for a period of two (2) years from the date of closing of the Offering. Net proceeds from the Offering will be allocated toward the continued development of the Sage Plain project, strategic exploration activities and infrastructure planning, and general working capital requirements. The Company may pay finders' fees in cash and/or securities of the Company in connection with the Offering. All securities issued under the Offering will be subject to a hold period of four months and one day from the date of issuance under applicable securities laws. Certain directors and officers of the Company may acquire securities under the Offering. Any such participation will be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The Company expects that the Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is listed on the TSX Venture Exchange and neither the expected fair market value of securities being issued to related parties nor the consideration being paid by related parties would exceed 25% of the Company's market capitalization. Closing of the Offering is subject to TSX Venture Exchange acceptance. Peter Hogendoorn, CEO of Sage Potash, commented: "The second upsizing of this financing round is a clear indication of the market's understanding of Sage Potash's long-term vision. Our strategic location and sustainable approach to developing domestic production of potash, a critical mineral recently announced by the Trump administration, have clearly resonated with investors." About Sage Potash Corp. Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends through sustainable solution mining techniques to become a prominent domestic potash producer within the Paradox Basin situated in Utah. For further information, please refer to the Company's disclosure record on SEDAR+ ( or contact the Company by email at info@ On Behalf of the Board of Directors, Peter HogendoornCEO & Executive Chairman+1(604) 764-2158 Website: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to future events or future performance of Sage Potash and with respect to the Offering, including the use of proceeds thereof and the proposed issuance of securities. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors and Uncertainties" in the Company's Management's Discussion & Analysis available for review under the Company's profile at Such forward-looking information represents management's best judgement based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. For media inquiries, please contact: Marcus van der Made, Investor Relations of Sage Potash Corp. - marcus@ To view the source version of this press release, please visit


Fox Sports
10 hours ago
- Fox Sports
Tickets On Sale for 2025 Ontario Honda Dealers Indy Toronto
INDYCAR Public sales for all 2025 Ontario Honda Dealers Indy Toronto multiday tickets are underway at The 37th edition of the motorsports festival headlined by the NTT INDYCAR SERIES returns July 18-20 to Exhibition Place in downtown Toronto. The longstanding summer event again will bring high-speed racing action to Toronto's downtown streets alongside a festival atmosphere full of family fun with interactive displays and diverse food and beverage options. The weekend offers great value for families, as children 12 and under receive free general admission every day when accompanied by a ticketed adult. On track, the NTT INDYCAR SERIES will take on the 1.786-mile, 11-turn temporary street circuit built on Exhibition Place near the Lake Ontario shoreline. On Friday, July 18, Your Ontario Honda Dealers Present Free Fan Friday, which offers general admission courtesy of the Ontario Honda Dealers Association through a voluntary donation to Make-A-Wish Canada. Since 2010, Toronto Indy fundraising has raised over $1 million for the charity. Fans can further enhance their Ontario Honda Dealers Indy Toronto experience by purchasing a Paddock Pass, which grants access to the 'locker room of motorsports.' Spectators looking to get even closer to the action can add a Pit Pass. For children ages 5-12, the Rookie Racers program offers behind-the-scenes experiences including access to the drivers and race cars. Pricing starts at $85 for 2-Day General Admission for Saturday and Sunday. Fans planning on using public transportation can purchase a GO Combo ticket that includes a 2-Day General Admission ticket and two round-trip GO Transit fares to and from the event for $90 at Bronze-level 2-Day Grandstand seating is available for $110. Silver and Gold levels are priced at $170 and $235, respectively. The Gold 2-Day Grandstand seat also includes a Paddock Pass ($80 value). For full ticket pricing and 2025 event information and news, visit or follow Ontario Honda Dealers Indy Toronto on social media using #indyTO. recommended


Fox Sports
11 hours ago
- Fox Sports
Gearing Up: Will Two-Driver Grip on Victory Lane Loosen at WWTR?
INDYCAR The NTT INDYCAR SERIES is experiencing dominance in 2025 that most of the paddock isn't celebrating. Chip Ganassi Racing's Alex Palou and Andretti Global's Kyle Kirkwood have combined to win each of the season's first seven races. SEE: WWTR Event Details The combination of Palou (five wins) and Kirkwood (two) is as significant historically as it is presently. Since A.J. Foyt won the first seven races of the 1964 season – that was 61 years ago, by the way – only one season has had such a run by so few drivers. In 2006, Sebastien Bourdais won the first four races of the Champ Car World Series season, and AJ Allmendinger won the next three races. In terms of two-man dominance, that's the only comparison over the past half-century to what we're seeing this year. The modern era of this sport has exuded parity unlike few others. Since unification in 2008, there has only been one season – 2009 – when there weren't at least four drivers winning in the first seven races. On three occasions, there were seven winners among those seven races – most recently in 2021 when Palou, Colton Herta, Scott Dixon, Pato O'Ward, Rinus VeeKay, Helio Castroneves and Marcus Ericsson won races. This season's parity is rooted in second-place finishes. Six drivers have found themselves in the runner-up position, and Palou is one of them, part of why he holds a commanding 90-point lead over Arrow McLaren's O'Ward as the series nears its halfway point. Third-place Kirkwood trails Palou by 102 points. It's been two decades since a driver had that kind of an advantage at this point in the season. This season has featured three temporary street circuits, three permanent road courses and, of course, the most important oval track of them all (Indianapolis Motor Speedway, site of Palou's first Indianapolis 500 presented by Gainbridge victory). Perhaps a different winner emerges with Sunday's Bommarito Automotive Group 500 presented by Axalta and Valvoline at World Wide Technology Raceway (8 p.m. ET, FOX, FOX Sports app, INDYCAR Radio Network). Certainly, history suggests it will be someone other than Palou or Kirkwood since Palou's win at Indy is the only oval victory they have between them. Team Penske's Josef Newgarden has been the dominant series driver at this 1.25-mile short oval, capturing four of the past five victories and a track record five in all. O'Ward has regularly contended, as well, finishing second in three of the past five races. Meanwhile, neither Palou nor Kirkwood has posted even a top-three finish at the track located a few miles east of St. Louis. Palou has fared better than Kirkwood, finishing ninth, seventh and fourth in the past three races. Kirkwood's average finish in series races there is 18.0, and his race a year ago effectively ended on Lap 17 when he got collected in a chain reaction incident in Turn 2. This event spans two days. Saturday is packed with action, beginning with the first practice at 11:30 a.m. ET. Qualifying for the NTT P1 Award follows at 3 p.m., and the second practice will be at 5:30 p.m. All of this action airs live on FS1, the FOX Sports app and the INDYCAR Radio Network. Sunday, it's racing under the lights for the first time this season. Twenty-five drivers will try to reach victory lane for the first time this season. The other two -- Palou and Kirkwood -- will try to keep the checkered flags all to themselves. recommended