Dr. Panoz is most famous for owning motor sports teams, races, and tracks (Sebring) in North America. Panoz comes from Italian/Irish background. His father, Eugene Panunzio (later shortened to Panoz), immigrated to the US from Italy in the 1900s, and was a champion featherweight boxer. In 1960 Dr. Panoz formed his first company, Mylan Laboratories in Morgantown, West Virginia. In 1997 Dr. Panoz decided he wanted his own racing team and formed Panoz Motor Sports in Braselton, Georgia. In 1999, Panoz founded the American Le Mans Series bringing European style endurance sports car racing to the Americas. Panoz is also proprietor of the Chateau Elan in Braselton Georgia, an award-winning vineyard and resort with a hotel, conference center, four golf courses, eight restaurants, European-style health spa, residential community, wine market, equestrian show center and tennis center.