“Red embodied his famous ‘Purple Pride’ phrase and remained a staunch Vikings fan after passing the torch to the Wilf family in 2005,” the team said in a statement. “While Red had a clear passion for sports, it was evident what he loved the most were his children and grandchildren. Our thoughts and prayers are with the McCombs family during this difficult time.” McCombs also played a big role in Formula One’s return to the United States. He was one of the largest investors in the Circuit of the Americas in Austin, the first purpose-built F1 racetrack in the U.S. and host of the U.S. Grand Prix since 2012. The Texas circuit and annual grand prix were pivotal for the global racing series’ efforts to establish and grow a significant presence in the U.S. Formula One will race three times in the country in 2023: in Austin, Miami and the debut of the Las Vegas Grand Prix.
McCombs owned more than 400 businesses during his lifetime, according to the McCombs Enterprises website, and the McCombs School of Business at The University of Texas at Austin is named for him. After working for and then later opening the first of his many car dealerships, McCombs later established McCombs Energy, an oil and gas industry company, and operated real estate and land development companies, cattle ranches and breeding operations. He also was a co-founder of Clear Channel Communications, which later became iHeartCommunications, Inc.
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