Bernstein owned King Racing, a NASCAR team that operated from 1986 to 1995. At the same he operated the IndyCar team, King Motorsports. Bernstein is the only team owner to record victories in all three categories. His team had an amazing performance at the 1988 Indianapolis 500 with Jim Crawford behind the wheel. Crawford, still recovering from leg injuries from the previous year, led 8 laps and finished 6th.