Founded by Steve Luczo and Jay Penske in 2006, Luczo Dragon Racing made their debut in the 2007 Indianapolis 500 with Ryan Briscoe, finishing 5th. The following year the team signed on IndyCar vet Tomas Scheckter for 6 races. Last season the squad upped their program again, competing full-time with rookie Raphael Matos.
Over the long off season, Gil de Ferran, winner of the 2003 Indianapolis 500 attempted to expand his sports car program into an IZOD IndyCar series effort in 2010. Due to sponsorship issues Gil's plans fell through and in February the two teams merged, creating de Ferran Luczo Dragon Racing.
The name change to de Ferran Dragon Racing does not reflect a change in the team's infrastructure. de Ferran will still run the teams day-to-day operations with assistance from Jay Penske and Steve Luczo.
"We changed the name because Luczo Dragon Racing/de Ferran Motorsports was too long. The placement of Gil’s name first represents his vast accomplishments in the sport and his full time involvement as President of our race team. The Dragon represents Jay and me. Just ask Baron Davis who only refers to me as ‘Dragooon.’” - Co-owner, Steve Luczo
“All three of us play an important role in the overall business strategy of the team. We are in the beginning of our partnership, we are developing as a team and I would like to believe we have yet to achieve the full potential of our partnership.” - Co-owner, Gil de Ferran