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Pagenaud to earn extra $360k if he repeats Indy win
BorgWarner has revealed that 2019 Indy 500 winner Simon Pagenaud stands to earn an extra $360,000 bonus from the company if he ends up in Indianapolis Motor Speedway’s Victory Lane again in 10 days’ time.
David Malsher-Lopez
Published: Aug 13, 2020, 8:31 PM
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BorgWarner is already one of the companies synonymous with ‘The Greatest Spectacle in Racing’, due to the large and iconic Borg-Warner Trophy that bears the likenesses of every Indy 500 winner since the race was established in 1911.
However, in 1995, the company also established a rolling jackpot to be awarded to back-to-back winners, adding $20k each year, and it has now reached $360,000. Only once since then has there been a back-to-back winner, with Team Penske’s Helio Castroneves grabbing the bounty after winning in 2001 and ’02.
Frédéric Lissalde, president and CEO of BorgWarner Inc. stated: “BorgWarner has a long history with this prestigious motorsport event. From awarding the Borg-Warner Trophy to being the official turbocharger supplier of the race, the Indianapolis 500 is deep-seated within our company. The rolling jackpot that BorgWarner increases each year adds even more excitement to this legendary race.”
There have been only five back-to-back winners in the 103 editions of the race held so far – Wilbur Shaw (1939-’40), Mauri Rose (’47-’48), Bill Vukovich (’53-’54), Al Unser (’70-’71) and Castroneves, and no driver has ever clinched three straight victories.
Should Pagenaud triumph again next week, the jackpot will return to $20,000 in 2021.
Photo by: BorgWarner
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