Roger Penske has cemented his position as one of the most powerful people in world motorsport, and perhaps the most influential man in US racing, by acquiring the IndyCar Series and the Indianapolis Motor Speedway from Hulman and Company.
Penske, who already owns race teams in NASCAR, Australian Supercars (co-owned with DJR), IMSA and IndyCar itself, acquired the series and the track, plus other assets, through Penske Entertainment Corp, a part of his vast US business empire.
The buyout means that Penske’s four-car single seater operation, which won the Indianapolis 500 and also the IndyCar series in 2019, will now compete in a championship that is owned by its parent company.
Hulman and Company said in a statement:‘The board of directors of Hulman and Company are announcing the sale of…
