Penske Corporation Tag

By Luis Torres, Staff Writer The latest slew of changes on the 2020 NTT IndyCar Series calendar due to the COVID-19 health crisis unfolded Monday with new doubleheaders, a third stop at Indianapolis Motor Speedway and the cancellation of the Chevrolet Detroit Grand Prix being the headlines. Starting off with the latter, Belle Isle Park’s doubleheader that was scheduled to take place on May 29-31, 2020. Monday’s announcement meant the 2.35-mile circuit becomes the fourth INDYCAR venue officially cancelled, joining Barber Motorsports Park, Long Beach and Circuit of the Americas asRead More
By Luis Torres, Staff Writer Two months removed from the bombshell announcement of the Penske Corporation acquiring the Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions, they’ve made it official Monday. Thus, ushering in a brand new era in the world of Indy car racing and “The Greatest Spectacle in Racing.” With Penske running the major conglomerates of Indianapolis have to offer, it ends a glorious 74-year ownership by the Hulman & Company, who revived the iconic 2.5-mile circuit from ruins after World War II ended in 1945 andRead More
By Christopher DeHarde, Staff Writer & Joey Barnes, Editor-in-Chief For the first time since November 1945, the Indianapolis Motor Speedway has a new owner. The Board of Directors at Hulman & Company have announced the sale of the Indianapolis Motor Speedway, INDYCAR and IMS Productions to a subsidiary of Penske Corporation named Penske Entertainment Corp. “We’re very excited to be in a place where our process took us to a point where we as a family all agreed we needed to have a conversation with Roger Penske,” said Tony George, ChairmanRead More