Penske to Buy Indianapolis Motor Speedway and IndyCar Series
Talk about a home field advantage! Penske Entertainment Corporation is buying the iconic Brickyard and several subsidiaries, including the IndyCar racing series and IMS Productions, after 74 years of ownership by the Hulman family. Roger Penske is the winningest team owner in Indy 500 history, with 18 victories, along with 15 Indycar championships, and has missed just six Indy 500 races since first attending the event as a 14-year-old in 1951. Penske is a former owner of Michigan International Speedway and California Speedway, and currently organizes the Detroit Grand Prix IndyCar event. Reaction to the move from other team owners and racing insiders has been universally positive, with most claiming Penske's organization to be the ideal steward for both the iconic track and the IndyCar racing series.