John W. Henry
Encyclopedia
John William Henry II is a futures
and foreign exchange
trading advisor who founded John W. Henry & Company (JWH). He is the principal owner of the Boston Red Sox
and Liverpool F.C.
, and co-owner of Roush Fenway Racing. In March 2006, Boston Magazine
estimated his net worth at $1.1 billion, but noted that his company had recently experienced difficulties. In May 2007, reports in the Wall Street Journal and Bloomberg
noted further difficulties with the firm.
. His parents were farmers, and he split his time growing up between Illinois
and Arkansas
. His asthma
tic condition at the age of 15 prompted his family to move to Apple Valley
, California
. After his graduation from Victor Valley High School
in Victorville
, he attended Victor Valley College
, then the University of California (at Riverside, Irvine, and Los Angeles), where he majored in philosophy
but did not graduate — partly the result of performing on the road in two rock and roll
bands, Elysian Fields and Hillary.
Henry started trading corn
and soybean
futures
, to learn the basics of hedging the price risk of holding an inventory of these commodities, whether in storage or out in the field. In 1976, a commodities broker at Reynolds Securities
asked him to advise other farmers, but he declined. After spending a summer in Norway with his first wife, Mai, Henry developed a mechanical trend following
method for managing a futures trading account. He tested his trend-reversal method—which was never out of the market but always held a position (either long or short) in every one of the markets in the account's "basket" of commodities—"using his own money" (in the words of his marketing literature of 1983). When that test proved successful, he founded JWH in 1981, opened a small office across the street from the airport in Irvine, California
, and began marketing his management to the largest commodity broker
age firms in America. That proved so successful by 1983, that he moved to considerably larger quarters at Fashion Island in Newport Beach. In 1989, JWH moved to Westport, Connecticut
and Henry moved to Boca Raton, Florida
. Two years later, JWH established a second office in Boca Raton.
The firm's management methods make mechanical, non-discretionary trading decisions in response to systematic determinations of reversals in each market's direction, with the explicit intention of precluding not only human emotion
, but also any subjective evaluation of such things as the so-called fundamentals
, to trigger each decision to be long or short each market, or not.
, especially their star Stan Musial
. After acquiring his fortune, his first foray into professional sports was in purchasing a AAA minor league team
– the Tucson Toros
of the Pacific Coast League
in 1989. He was also one of the founders of the Senior Professional Baseball Association
(a winter league in Florida composed of retired Major League players). Henry co-owned the winning team in 1989–1990 – the West Palm Beach Tropics managed by former Boston Red Sox Impossible Dream (1967) manager, Dick Williams
. He sold his interest in 1990 and the league went out of business the following year. In 1990, Henry negotiated to purchase the Orlando Magic
NBA
team, for a short time was the lead general for an expansion team
which became the Colorado Rockies
, headed a group attempting to land an NHL
expansion bid for South Florida which ended up going to Tampa Bay
, pre-dating South Florida's more successful NHL expansion bid soon after by Wayne Huizenga
. Subsequently, Henry negotiated to buy the Miami Heat
and later the New Jersey Nets
.
Henry entered Major League Baseball with his purchase of a small interest in the New York Yankees
in 1991. Henry became the sole owner of the Florida Marlins
in 1999, purchasing the Major League club from Huizenga for a reported $158,000,000. In January 2002 Henry sold the Marlins in a multi-franchise deal to Jeffrey Loria
then owner of the Montreal Expos
(now the Washington Nationals
). Simultaneously, Henry led a purchase of the Boston Red Sox with partners Tom Werner
and the New York Times Company from the Yawkey Trust headed by John Harrington
. Henry, as principal owner and, Werner, as chairman, assembled a front office team headed up by Larry Lucchino
with the express goal of "breaking the Curse of the Bambino
." He accomplished this feat in the 2004 World Series
, against his former childhood favorite Cardinals, and again in 2007, against a franchise with which he had pre-expansion involvement, the Rockies. He is also responsible for saving Fenway Park
from the wrecking ball. The previous Red Sox owners had planned on building a new Fenway Park next door, but Henry chose to keep and renovate (including new seats over the Green Monster
) the current Fenway Park. It is scheduled to celebrate its centennial in 2012.
(which also carries the NHL's Boston Bruins
), Fenway Park
, Fenway Sports Group – a sports marketing and management firm, and various real estate properties surrounding Fenway Park.
In 2009, the company made its first foray into European sports with an unsuccessful bid for the French
Ligue 1
club Olympique de Marseille
.
took over Liverpool F.C.
. As of May 2011. Tom Hicks
and George N. Gillett, Jr. announced that they would sue for at least $1.6 billion for the "epic swindle" they suffered.
's Roush Fenway Racing stock car racing
team. Driver Matt Kenseth
won the Auto Club 500
at the California Speedway
in February 2007 marking Henry's first win as an owner. In February 2009 the team won their first Daytona 500
with Matt Kenseth
.
Motorsport Simulations for developing a racing simulation service aimed at both real-world racers and racing simulator enthusiasts. The service was launched in August 2008.
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
and foreign exchange
Foreign exchange market
The foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...
trading advisor who founded John W. Henry & Company (JWH). He is the principal owner of the Boston Red Sox
Boston Red Sox
The Boston Red Sox are a professional baseball team based in Boston, Massachusetts, and a member of Major League Baseball’s American League Eastern Division. Founded in as one of the American League's eight charter franchises, the Red Sox's home ballpark has been Fenway Park since . The "Red Sox"...
and Liverpool F.C.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...
, and co-owner of Roush Fenway Racing. In March 2006, Boston Magazine
Boston magazine
Boston is a monthly magazine concerning life in the Greater Boston area and has been in publication for more than 40 years.-About the magazine:The magazine is self-described as:...
estimated his net worth at $1.1 billion, but noted that his company had recently experienced difficulties. In May 2007, reports in the Wall Street Journal and Bloomberg
Bloomberg L.P.
Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
noted further difficulties with the firm.
Early life
John William Henry II was born on September 13, 1949 in Quincy, IllinoisQuincy, Illinois
Quincy, known as Illinois' "Gem City," is a river city along the Mississippi River and the county seat of Adams County. As of the 2010 census the city held a population of 40,633. The city anchors its own micropolitan area and is the economic and regional hub of West-central Illinois, catering a...
. His parents were farmers, and he split his time growing up between Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
and Arkansas
Arkansas
Arkansas is a state located in the southern region of the United States. Its name is an Algonquian name of the Quapaw Indians. Arkansas shares borders with six states , and its eastern border is largely defined by the Mississippi River...
. His asthma
Asthma
Asthma is the common chronic inflammatory disease of the airways characterized by variable and recurring symptoms, reversible airflow obstruction, and bronchospasm. Symptoms include wheezing, coughing, chest tightness, and shortness of breath...
tic condition at the age of 15 prompted his family to move to Apple Valley
Apple Valley, California
-Climate:*On average, the warmest month is July.*The highest recorded temperature was in 2002.*On average, the coolest month is December.*The lowest recorded temperature was in 1949.*The most precipitation on average occurs in February.-History:...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
. After his graduation from Victor Valley High School
Victor Valley High School
Victor Valley High School is located in Victorville, California at 16350 Mojave Drive and is the oldest high school in the Victor Valley Union High School District .School principal: Chris DouglassMascot: Jackrabbits...
in Victorville
Victorville, California
Victorville is a city located in the Victor Valley of southwestern San Bernardino County, California. According to the U.S. Census Bureau's 2010 census, the city had a population of 115,903, up from 64,030 at the 2000 census.-Geography and climate:...
, he attended Victor Valley College
Victor Valley College
Victor Valley College is a community college in the southeast corner of Victorville, California. The Victor Valley Community College District includes Victorville, Hesperia, Apple Valley, Phelan, and Adelanto.-History:...
, then the University of California (at Riverside, Irvine, and Los Angeles), where he majored in philosophy
Philosophy
Philosophy is the study of general and fundamental problems, such as those connected with existence, knowledge, values, reason, mind, and language. Philosophy is distinguished from other ways of addressing such problems by its critical, generally systematic approach and its reliance on rational...
but did not graduate — partly the result of performing on the road in two rock and roll
Rock and roll
Rock and roll is a genre of popular music that originated and evolved in the United States during the late 1940s and early 1950s, primarily from a combination of African American blues, country, jazz, and gospel music...
bands, Elysian Fields and Hillary.
Henry started trading corn
Maize
Maize known in many English-speaking countries as corn or mielie/mealie, is a grain domesticated by indigenous peoples in Mesoamerica in prehistoric times. The leafy stalk produces ears which contain seeds called kernels. Though technically a grain, maize kernels are used in cooking as a vegetable...
and soybean
Soybean
The soybean or soya bean is a species of legume native to East Asia, widely grown for its edible bean which has numerous uses...
futures
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
, to learn the basics of hedging the price risk of holding an inventory of these commodities, whether in storage or out in the field. In 1976, a commodities broker at Reynolds Securities
Reynolds Securities
Reynolds Securities was a publicly traded brokerage firm. Founded in 1931 by Richard S. Reynolds, Jr., the firm was acquired by Dean Witter & Co. in 1978.The firm's motto, "We work for a world of investors...
asked him to advise other farmers, but he declined. After spending a summer in Norway with his first wife, Mai, Henry developed a mechanical trend following
Trend following
Trend following is an investment strategy that tries to take advantage of long-term moves that seem to play out in various markets. The strategy aims to work on the market trend mechanism and take benefit from both sides of the market, enjoying the profits from the ups and downs of the stock or...
method for managing a futures trading account. He tested his trend-reversal method—which was never out of the market but always held a position (either long or short) in every one of the markets in the account's "basket" of commodities—"using his own money" (in the words of his marketing literature of 1983). When that test proved successful, he founded JWH in 1981, opened a small office across the street from the airport in Irvine, California
Irvine, California
Irvine is a suburban incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28, 1971, the city has a population of 212,375 as of the 2010 census. However, the California...
, and began marketing his management to the largest commodity broker
Commodity broker
A commodity broker is a firm or individual who executes orders to buy or sell commodity contracts on behalf of clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contracts include futures, options, and similar financial...
age firms in America. That proved so successful by 1983, that he moved to considerably larger quarters at Fashion Island in Newport Beach. In 1989, JWH moved to Westport, Connecticut
Westport, Connecticut
-Neighborhoods:* Saugatuck – around the Westport railroad station near the southwestern corner of the town – a built-up area with some restaurants, stores and offices....
and Henry moved to Boca Raton, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
. Two years later, JWH established a second office in Boca Raton.
John W. Henry & Company, Inc.
JWH was established in 1981, and began taking retail clients in 1982.The firm's management methods make mechanical, non-discretionary trading decisions in response to systematic determinations of reversals in each market's direction, with the explicit intention of precluding not only human emotion
Behavioral finance
Behavioral economics and its related area of study, behavioral finance, use social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions performing economic functions, including consumers, borrowers and investors, and their effects on market...
, but also any subjective evaluation of such things as the so-called fundamentals
Fundamental analysis
Fundamental analysis of a business involves analyzing its financial statements and health, its management and competitive advantages, and its competitors and markets. When applied to futures and forex, it focuses on the overall state of the economy, interest rates, production, earnings, and...
, to trigger each decision to be long or short each market, or not.
Baseball
John W. Henry grew up a fan of the St. Louis CardinalsSt. Louis Cardinals
The St. Louis Cardinals are a professional baseball team based in St. Louis, Missouri. They are members of the Central Division in the National League of Major League Baseball. The Cardinals have won eleven World Series championships, the most of any National League team, and second overall only to...
, especially their star Stan Musial
Stan Musial
Stanley Frank "Stan" Musial is a retired professional baseball player who played 22 seasons in Major League Baseball for the St. Louis Cardinals . Nicknamed "Stan the Man", Musial was a record 24-time All-Star selection , and is widely considered to be one of the greatest hitters in baseball...
. After acquiring his fortune, his first foray into professional sports was in purchasing a AAA minor league team
Minor league baseball
Minor league baseball is a hierarchy of professional baseball leagues in the Americas that compete at levels below Major League Baseball and provide opportunities for player development. All of the minor leagues are operated as independent businesses...
– the Tucson Toros
Tucson Toros
The Tucson Toros are a professional baseball team based in Tucson, Arizona, in the United States. They are owned by Tucson Baseball, LLC with Jay Zucker as chairman of the board. Sean Smock is the team's general manager....
of the Pacific Coast League
Pacific Coast League
The Pacific Coast League is a minor-league baseball league operating in the Western, Midwestern and Southeastern United States. Along with the International League and the Mexican League, it is one of three leagues playing at the Triple-A level, which is one step below Major League Baseball.The...
in 1989. He was also one of the founders of the Senior Professional Baseball Association
Senior Professional Baseball Association
The Senior Professional Baseball Association was a winter baseball league based in Florida for players age 35 and over . The league began play in 1989 and had eight teams in two divisions and a 72 game schedule...
(a winter league in Florida composed of retired Major League players). Henry co-owned the winning team in 1989–1990 – the West Palm Beach Tropics managed by former Boston Red Sox Impossible Dream (1967) manager, Dick Williams
Dick Williams
Richard Hirschfeld "Dick" Williams was an American left fielder, third baseman, manager, coach and front office consultant in Major League Baseball. Known especially as a hard-driving, sharp-tongued manager from 1967–69 and 1971–88, he led teams to three American League pennants, one National...
. He sold his interest in 1990 and the league went out of business the following year. In 1990, Henry negotiated to purchase the Orlando Magic
Orlando Magic
The Orlando Magic is a professional basketball team based in Orlando, Florida. They play in the Southeast Division of the Eastern Conference of the National Basketball Association and are currently coached by Stan Van Gundy...
NBA
National Basketball Association
The National Basketball Association is the pre-eminent men's professional basketball league in North America. It consists of thirty franchised member clubs, of which twenty-nine are located in the United States and one in Canada...
team, for a short time was the lead general for an expansion team
Expansion team
An expansion team is a brand new team in a sports league. The term is most commonly used in reference to the North American major professional sports leagues, but is applied to sports leagues worldwide that use a closed franchise system of league membership. The term comes from the expansion of the...
which became the Colorado Rockies
Colorado Rockies
The Colorado Rockies are a Major League Baseball team based in Denver, Colorado. Established in 1991, they started play in 1993 and are in the West Division of the National League. The team is named after the Rocky Mountains...
, headed a group attempting to land an NHL
National Hockey League
The National Hockey League is an unincorporated not-for-profit association which operates a major professional ice hockey league of 30 franchised member clubs, of which 7 are currently located in Canada and 23 in the United States...
expansion bid for South Florida which ended up going to Tampa Bay
Tampa Bay
Tampa Bay is a large natural harbor and estuary along the Gulf of Mexico on the west central coast of Florida, comprising Hillsborough Bay, Old Tampa Bay, Middle Tampa Bay, and Lower Tampa Bay."Tampa Bay" is not the name of any municipality...
, pre-dating South Florida's more successful NHL expansion bid soon after by Wayne Huizenga
Wayne Huizenga
Harry Wayne Huizenga is an American businessman who grew Blockbuster Video, Waste Management, Inc., and AutoNation into successful companies. He is the former owner of the National Football League's Miami Dolphins, the National Hockey League's Florida Panthers and the Major League Baseball's Miami...
. Subsequently, Henry negotiated to buy the Miami Heat
Miami Heat
The Miami Heat is a professional basketball team based in Miami, Florida, United States. The team is a member of the Southeast Division in the Eastern Conference of the National Basketball Association . They play their home games at American Airlines Arena in Downtown Miami...
and later the New Jersey Nets
New Jersey Nets
The New Jersey Nets are a professional basketball team based in Newark, New Jersey. They are members of the Atlantic Division of the Eastern Conference in the National Basketball Association...
.
Henry entered Major League Baseball with his purchase of a small interest in the New York Yankees
New York Yankees
The New York Yankees are a professional baseball team based in the The Bronx, New York. They compete in Major League Baseball in the American League's East Division...
in 1991. Henry became the sole owner of the Florida Marlins
Florida Marlins
The Miami Marlins are a professional baseball team based in Miami, Florida, United States. Established in 1993 as an expansion franchise called the Florida Marlins, the Marlins are a member of the Eastern Division of Major League Baseball's National League. The Marlins played their home games at...
in 1999, purchasing the Major League club from Huizenga for a reported $158,000,000. In January 2002 Henry sold the Marlins in a multi-franchise deal to Jeffrey Loria
Jeffrey Loria
Jeffrey H. Loria is an art dealer and is the owner of the Miami Marlins. Raised in Manhattan, Loria took an early interest in baseball, attending his first New York Yankees game in the late 1940s. Loria attended New York City's Stuyvesant High School and Yale University, where he initially took...
then owner of the Montreal Expos
Montreal Expos
The Montreal Expos were a Major League Baseball team located in Montreal, Quebec from 1969 through 2004, holding the first MLB franchise awarded outside the United States. After the 2004 season, MLB moved the Expos to Washington, D.C. and renamed them the Nationals.Named after the Expo 67 World's...
(now the Washington Nationals
Washington Nationals
The Washington Nationals are a professional baseball team based in Washington, D.C. The Nationals are a member of the Eastern Division of the National League of Major League Baseball . The team moved into the newly built Nationals Park in 2008, after playing their first three seasons in RFK Stadium...
). Simultaneously, Henry led a purchase of the Boston Red Sox with partners Tom Werner
Tom Werner
Thomas Charles "Tom" Werner is an American television producer and businessman who, via his investment in New England Sports Ventures, is chairman of the Boston Red Sox and Liverpool Football Club....
and the New York Times Company from the Yawkey Trust headed by John Harrington
John Harrington (Red Sox CEO)
John L. Harrington is an American business manager. He was the CEO of the Boston Red Sox.-Early life and career:He graduated from Boston College in 1957, and received his MBA from Boston College in 1966. After college, he was an officer in the U.S. Navy, then worked for both the General Accounting...
. Henry, as principal owner and, Werner, as chairman, assembled a front office team headed up by Larry Lucchino
Larry Lucchino
Lawrence Lucchino, is the current President and CEO of the Boston Red Sox, and a member of John W...
with the express goal of "breaking the Curse of the Bambino
Curse of the Bambino
The Curse of the Bambino was a superstition cited as a reason for the failure of the Boston Red Sox baseball team to win the World Series in the 86-year period from 1918 to 2004...
." He accomplished this feat in the 2004 World Series
2004 World Series
The 2004 World Series was the Major League Baseball championship series for the 2004 season. It was the 100th World Series and featured the American League champions, the Boston Red Sox, against the National League champions, the St. Louis Cardinals...
, against his former childhood favorite Cardinals, and again in 2007, against a franchise with which he had pre-expansion involvement, the Rockies. He is also responsible for saving Fenway Park
Fenway Park
Fenway Park is a baseball park near Kenmore Square in Boston, Massachusetts. Located at 4 Yawkey Way, it has served as the home ballpark of the Boston Red Sox baseball club since it opened in 1912, and is the oldest Major League Baseball stadium currently in use. It is one of two "classic"...
from the wrecking ball. The previous Red Sox owners had planned on building a new Fenway Park next door, but Henry chose to keep and renovate (including new seats over the Green Monster
Green Monster
The Green Monster is a popular nickname for the thirty-seven foot , two-inch high left field wall at Fenway Park, home to the Boston Red Sox baseball team...
) the current Fenway Park. It is scheduled to celebrate its centennial in 2012.
New England Sports Ventures
Henry and Werner established New England Sports Ventures in 2002. The company owns the Boston Red Sox, 80% of the New England Sports NetworkNew England Sports Network
The New England Sports Network, or NESN [NESS-en], is a regional cable television network that covers the six New England states except Fairfield County, Connecticut and Southbury, Connecticut, a town in New Haven County, Connecticut which is covered by New York City sports networks...
(which also carries the NHL's Boston Bruins
Boston Bruins
The Boston Bruins are a professional ice hockey team based in Boston, Massachusetts, USA. They are members of the Northeast Division of the Eastern Conference of the National Hockey League . The team has been in existence since 1924, and is the league's third-oldest team and its oldest in the...
), Fenway Park
Fenway Park
Fenway Park is a baseball park near Kenmore Square in Boston, Massachusetts. Located at 4 Yawkey Way, it has served as the home ballpark of the Boston Red Sox baseball club since it opened in 1912, and is the oldest Major League Baseball stadium currently in use. It is one of two "classic"...
, Fenway Sports Group – a sports marketing and management firm, and various real estate properties surrounding Fenway Park.
In 2009, the company made its first foray into European sports with an unsuccessful bid for the French
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
Ligue 1
Ligue 1
Ligue 1 , is the French professional league for association football clubs. It is the country's primary football competition and serves as the top division of the French football league system. Ligue 1 is one of two divisions making up the Ligue de Football Professionnel, the other being Ligue 2....
club Olympique de Marseille
Olympique de Marseille
Olympique de Marseille is a French association football club based in Marseille. Founded in 1899, the club plays in Ligue 1 and have spent most of its history in the top tier of French football. Marseille have been French champions nine times and have won the Coupe de France a record ten times. In...
.
Liverpool F.C.
In October 2010 the Fenway Sports GroupFenway Sports Group
Fenway Sports Management is a company headquartered in Boston, Massachusetts established by Fenway Sports Group in 2004. It styles itself as a "new kind of sports marketing agency," created by FSG to expand its footprint beyond its most famous holdings, the Boston Red Sox of Major League...
took over Liverpool F.C.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...
. As of May 2011. Tom Hicks
Tom Hicks
Thomas Ollis Hicks, Sr. , is an American 'leveraged buyout' businessman living in Dallas, Texas. Despite Forbes Magazine estimating Hicks' wealth at USD 1 billion in 2009, Hicks was unable to pay off joint loans of circa £200 million the following year...
and George N. Gillett, Jr. announced that they would sue for at least $1.6 billion for the "epic swindle" they suffered.
NASCAR
In 2007, Henry's Fenway Sports Group bought a 50% stake in the Jack RoushJack Roush
Jack Roush is the founder, CEO, and co-owner along with John Henry of Roush Fenway Racing, a NASCAR team headquartered in Concord, North Carolina, and is Chairman of the Board of Roush Enterprises....
's Roush Fenway Racing stock car racing
Auto racing
Auto racing is a motorsport involving the racing of cars for competition. It is one of the world's most watched televised sports.-The beginning of racing:...
team. Driver Matt Kenseth
Matt Kenseth
Matthew Roy "Matt" Kenseth is an American stock car driver. Kenseth currently drives the No. 17 Crown Royal Ford Fusion in the NASCAR Sprint Cup Series for Roush Fenway Racing...
won the Auto Club 500
Auto Club 500
The Auto Club 400 is a long NASCAR Sprint Cup Series stock car race held at the Auto Club Speedway in Fontana, California. Prior to 2005, the race was held in late April or early May, and until 2010, the race was run at a length of 500 miles. When the NASCAR Realignment of 2005 was made, the race...
at the California Speedway
California Speedway
Auto Club Speedway is a two-mile , low-banked, D-shaped oval superspeedway in Fontana, California which has hosted NASCAR racing annually since 1997. The track was also used for open wheel racing events until 2005. The racetrack is located near the former locations of Ontario Motor Speedway and...
in February 2007 marking Henry's first win as an owner. In February 2009 the team won their first Daytona 500
Daytona 500
The Daytona 500 is a -long NASCAR Sprint Cup Series race held annually at the Daytona International Speedway in Daytona Beach, Florida. It is one of four restrictor plate races on the Cup schedule....
with Matt Kenseth
Matt Kenseth
Matthew Roy "Matt" Kenseth is an American stock car driver. Kenseth currently drives the No. 17 Crown Royal Ford Fusion in the NASCAR Sprint Cup Series for Roush Fenway Racing...
.
iRacing.com Motorsport Simulations
In September 2004 Henry and David Kaemmer founded iRacing.comIRacing.com
iRacing.com is an online, subscription-based racing simulation service for Microsoft Windows created by iRacing.com Motorsport Simulations...
Motorsport Simulations for developing a racing simulation service aimed at both real-world racers and racing simulator enthusiasts. The service was launched in August 2008.