Bill Cosby inks $7 million racing pact to help first black to drive in Indy 500. (Indianapolis 500 automobile race)

From: Jet | Date: May 24, 1993 | Copyright information

"This is the moment I've long waited for," Bill Cosby said as he discussed his involvement in a sponsorship and promotional agreement that will help an auto racing team headed by Willy T. Ribbs, who broke one of the last remaining racial barriers in American sports in 1991 as the first Black American to race at the Indianapolis 500.

Cosby's remarks were made recently in Long Beach, Calif., where a multi-million dollar deal was announced by Raymond Zimmerman, Chairman of...

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