Ted Field's involvement in racing produced one of the more grimly dramatic episodes of his pre‑Hollywood life. Beginning in 1975 Interscope Racing supported Danny Ongais through Formula 5000, USAC events and occasional Formula One outings in 1977. In 1980 Field bankrolled construction of a bespoke Interscope chassis designed by Roman Slobodynskyj intended to house a turbocharged six‑cylinder Porsche engine — a daring, ambitious plan that would have married sports‑car powerplant technology to IndyCar endurance. The program was derailed by a regulatory dispute with USAC over turbo boost levels; its Porsche package was abandoned, the car refitted with a conventional Ford Cosworth DFX and pressed into the 1981 Indianapolis 500.
In the 1981 Indy 500 the car briefly suggested vindication — Ongais led the race — but the run ended in a violent crash that left Ongais critically injured. He recovered enough to give the car one last start at Indy in 1982, but that effort too ended in an accident. The sequence—technical ambition, regulatory combat, and two catastrophic crashes—left the Interscope Indy program ruined and underscored the razor‑thin margin between racing innovation and human catastrophe. For Field, a media heir dabbling in motorsport, the episode was an expensive and emotionally harrowing lesson in the real risks of high‑speed prestige projects.
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