In the 2005 SEMA show, Ford Racing has just unveiled their FR500C Mustang and Ford enthusiasts were abuzz with talk that Ford was back with a factory race car plan. After gauging the favorable reaction from the audience and fielding several questions regarding the potential for a drag race variation of the FR500C, Ford Racing Jesse Kershaw and Jamie Allison started speaking about the possible variations of the FR500 platform. Following the show finished and the Ford Racing team back in Dearborn, all efforts were concentrated on the Mustang road race applications, and the idea to build a drag racing Mustang was shelved to get an after date.
Weeks later, when Ian James and Tom Nastasi pulled their FR500C Mustang in Gatorade Victory Lane at Daytona, the people at Ford Racing understood they were back in the factory assembled race car company. Ford Racing had worked directly with the engineering ability at Multimatic to develop the new S197 Mustang platform, and days after the first FR500C was delivered, it’d won the largest race in the KONI Challenge series. With the success of Daytona behind them, Ford Racing constructed twenty five more FR500C at Multimatic Markham, Ontario facility and developed a components plan for the do-it yourself race team.
The Ford Racing team took what they learned from the Mustang FR500C program, and in the year 2007 assembled the Mustang Challenge FR500S Mustang. The Mustang Challenge Series was a Spec race series produced by the late Larry Miller, a longtime Ford Racing fanatic. Currently in its second year, the Mustang Challenge series carries on to see 20-25 Mustang battle to get the race wins in the ten race season. Whilst the road racing side of Ford Racing was experiencing the success of the two programs Mustang, the drag racing fanatics started pushing to get a drag racing edition of the FR500 Mustang.