Roger Penske buys Indianapolis Motor Speedway and IndyCar

first_img LIVE TV INDIANAPOLIS (AP) — Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years.Tony Hulman bought the dilapidated speedway in 1945 and brought racing back to 16th St. and Georgetown Ave. after a four-year hiatus following World War II.The speedway spun off multiple other subsidiaries, including the IndyCar Series and Indianapolis Motor Speedway Productions, which are also part of the deal to Penske Entertainment. That group is a subsidiary of Penske Corp., which is owned by billionaire Roger Penske.Penske is the winningest team owner in Indianapolis 500 history with 18 victories.The speedway announced a Monday news conference to discuss the deal.___More AP auto racing: https://apnews.com/apf-AutoRacing and https://twitter.com/AP_Sports Associated Press Television News Written By First Published: 4th November, 2019 20:14 IST 10 months ago MMA: Tito Ortiz is confident about defeating Alberto El Patron 10 months ago Lewis Hamilton considers prospect of winning 6th F1 title ‘unreal’! SUBSCRIBE TO US 10 months ago Under Armour’s strong numbers drowned out by investigationcenter_img COMMENT 10 months ago Ukraine postpones 2nd stage of weapons pullback in east FOLLOW US 10 months ago Ferrari raises earnings forecast on strong deliveries WATCH US LIVE Last Updated: 4th November, 2019 20:14 IST Roger Penske Buys Indianapolis Motor Speedway And IndyCar Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. WE RECOMMENDlast_img

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