David Letterman, the icon of late-night talk show television, had casual discussions with Bobby Rahal since they met in 1986 about his interest in getting involved in open-wheel racing. In early 1996, the talk was transformed into action as Letterman became a minority-interest owner in Team Rahal.
In 2002 Letterman once again realized a lifelong dream when he for the first time co-owned a car in the Indianapolis 500. In honor of Letterman, Team Rahal entered the Indianapolis 500 as Rahal Letterman Racing.
Two years later the name change became permanent as Team Rahal officially became Rahal Letterman Racing. Three-time IndyCar champion Bobby Rahal made the change to better reflect Letterman’s involvement in the team.
The first race the team ran after the name change was the Indianapolis 500, which was won by Buddy Rice. The Indy 500 victory was the realization of yet another lifelong racing dream for Letterman.
Letterman can be found on several race weekends in the Rahal Letterman Lanigan pits, but the majority of his time is spent headlining his own late-night television talk-show. He continues to thrive as the host of the immensely popular LATE SHOW with David Letterman on CBS-TV. He was recently named one of the “50 Greatest TV Stars of All-Time” by TV Guide magazine.