LATEST:

Penske completes IndyCar, Indianapolis acquisition

Daniel Herrero

By

Tuesday 7th January, 2020 - 8:40am

Share:

Roger Penske

The purchase of the IndyCar Series and Indianapolis Motor Speedway by the Penske Corporation is now official.

Penske Entertainment is now the owner of the open-wheeler series and the host of its flagship race, as well as IMS Productions, following the announcement last November.

“We are looking forward to carrying on the tradition of the Indianapolis Motor Speedway and IndyCar racing,” said Roger Penske.

“We have been diligently working with the teams at IMS, IndyCar and IMS Productions over the last two months to ensure a smooth and productive transition and we are ready to hit the ground running.

“Now, it is time to get to work as we continue the growth of the Speedway and we build on the momentum of the NTT IndyCar Series.”

Mark Miles, who had been CEO of IndyCar parent Hulman & Co before Penske Entertainment acquired its operating assets, is set to remain in charge of those IndyCar and IMS properties.

Round 1 of the 2020 IndyCar Series takes place at St Petersburg on March 13-15 (local time).

Speedcafe.com comment policy

Comments require approval before being published. Speedcafe.com reserves the right to deny any post that is abusive or offtopic.

Users are encouraged to flag/report comments which should be removed.

Some comments may require approval before being published which can take up to 48 hours.

For support, please contact [email protected]

Speedcafe.com has been established to provide a daily motorsport news service to the industry and fans in Australia and internationally.

Read the Speedcafe.com promise
Newsletter

Subscribe to our daily newsletter, the best way to get your news first, fast, and free!