![]() ![]() "Both the Indy 500 and the NTT Ind圜ar Series have been on a rise and I look forward to the continued climb."Īnd Bobby Rahal called him the "perfect custodian" for the speedway. "Roger has always strived to do great things for both IMS and Indy car racing, and I'm sure he will continue to do so in this new ownership position," Andretti said. Michael Andretti called it "positive news" for the series and the speedway. Chip Ganassi said Penske called him early Monday morning before the sale was announced to inform him, adding "the place is going to be run like a business now." Support from rival team owners was immediate. ![]() approached the Hulman board in the fall about the purchase. Ultimately, it was decided to focus on the possible sale of the company and finding a buyer that would be the best steward of the company and its iconic assets." "For a number of years, the Hulman & Company management and board have engaged outside advisers and experts to consider the full range of strategic options available. "Penske Corporation - with its 64,000-plus employees and more than $32 billion in consolidated revenue - will bring tremendous energy, leadership and resources to IMS, Ind圜ar and IMSP. "We have found the ideal steward of the company and its iconic assets," the document states. He capped the Ind圜ar Season with a championship from driver Josef Newgarden, the 15th for the Team Penske organization. Penske is the winningest team owner in Indianapolis 500 history with 18 victories, including Simon Pagenaud's win in May. The Ind圜ar Series is on an upward trend with improved television ratings and increased interest. "Great day for our family and our team," Penske said in a text message to The Associated Press. That group is a subsidiary of Penske Corp., which is owned by billionaire Roger Penske. The speedway spun off multiple subsidiaries, including the Ind圜ar Series and Indianapolis Motor Speedway Productions, which are also part of the deal to Penske Entertainment. 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 Ind圜ar Series." "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. "We are looking forward to carrying on the tradition of the Indianapolis Motor Speedway and Ind圜ar racing," Penske said in a release. Roger Penske will become just the fourth owner of the 110-year-old speedway. after a four-year absence following World War II. Tony Hulman bought the dilapidated speedway in 1945 and brought racing back to the corner of 16th St. In November, it was announced that Penske would buy the speedway in a stunning move that relinquishes control from the Hulman family after 74 years. (AP) - Roger Penske and the Penske Corporation have completed the acquisition of Indianapolis Motor Speedway and the Ind圜ar Series. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |