By George, It's Panther Racing

Remember last year when former Heavyweight Champ George Formean was "grilling" (oh, hahaha) Michael Andretti about team ownership?

Remember when Foreman was reportedly going to become a partner with Vision Racing?

Well, Foreman has indeed signed on as co-owner of a team, but it's none of the above.

Two-time IndyCar Series champion Panther Racing announced that former heavyweight boxing champion George Foreman and his sons will become the team's newest co-owners.

George Foreman Jr. and brother George III serve as vice presidents of George Foreman Enterprises, the marketing company founded by their father. They also founded their own investment company, JR3, which has strategic investments in a diverse portfolio of industries including real estate, apparel, exercise equipment, sporting goods, financial services, entertainment, and music. (MORE)

Yeah, in case you didn't know he named all of his kids "George". Fits right in with Indy Racing, right?