Hodgdon died March 20 after several weeks of declining health, at age 80. During the height of his NASCAR career, he owned or co-owned six different race tracks, sponsored events at Riverside International Raceway and North Carolina Motor Speedway in Rockingham, N.C., and sponsored Neil Bonnett's car in the then-NASCAR Winston Cup Series. He was also president of Black Gold Oil Company, which sponsored the No. 3 Chevrolet that Richard Childress owned and drove in the late 1970s.
“Warner was a great friend and partner who helped change the landscape of NASCAR team ownership in the late 1970s,” said Childress. “I learned a lot about business from the advice he gave me over the years. He was there to help me with sponsorship from Black Gold when I really needed it. Warner was an entrepreneur with a great vision for where stock car racing could go and we stayed in touch long after his time in racing ended. He was a great friend and will be missed.”