The National Association for Stock Car Auto Racing or NASCAR is one of the most popular sports of America along with basketball, football and baseball. It is a family owned business. The business authority sanctions and also governs various auto racing events which come under the category of sport events. The founder of the organization was Bill France, Sr. The NASCAR Racing organization was founded in 1947-48. The present CEO of the particular company is Brian France. He is the grandson of Bill France, Sr. and got the post of CEO in the year 2009.