IndyCar & Indianapolis Motor Speedway Sold

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The Hulman family on Monday announced the sale of the Indianapolis Motor Speedway and Hulam & Co. to Penske Entertainment Corp. Roger Penske is now the owner of the NTT IndyCar Series and the Indianapolis Motor Speedway. This is a really good thing for the sport, the track, and the world of racing. There is a lot of great opportunities that could happen because of this.

To me this is could be a really good thing for the NTT IndyCar Series and the Indianapolis Motor Speedway. Roger Penske knows what he’s doing. He has been involved in racing for over 50 years and has had a lot of success. He owns a few race tracks that the NTT IndyCar Series and the Monster Energy NASCAR Cup Series race, so he knows how to run a race track. He’s ever owned a series, but I think he will do a good job. There could be a great opportunity for the NTT IndyCar Series and the Monster Energy NASCAR Cup Series to have a double-header weekend together. NASCAR is losing attendance at races and IndyCar is back on the rise, so having both series racing at the same track on the same weekend could help both the NTT IndyCar Series and the Monster Energy NASCAR Cup Series.

In the article “Hulman & Co., IMS sold to Penske Entertainment” by Howard Greninger said, the sale of the Indianapolis Motor Speedway “was an important decision for our family, especially at this time,” Tony George, chairman of Hulman & Co. said Monday during a press conference at the speedway. It was an important decision for them because the series and the track is on the rise. With the NTT IndyCar Series on the rise, Penske can help make some great decisions where the sport will be heading in the future. With Penske now owning the series, we could so plenty of more opportunities in the future for the sport that fans might finally get. For example, the fans want more ovals and want IndyCar and NASCAR to have a double-header weekend together. 

In the article by Howard Greninger, it  said that Penske, 82, said he will step down as a race strategist in the pit box and concentrate on elevating the IMS to the next level. That, he said, includes seeking a third engine manufacturer for race teams, as well as looking into Formula One races and even a 24-race event at the speedway, in addition to using the 1,000-acre site as an entertainment center for Indianapolis. This is huge news for IMS. This will really help the track be more fun for the fans. A lot of people in Indiana want Formula One to be racing again at IMS and they provided some great racing in the past. Adding a 24-race event at the speedway will also be a great thing. Even though that will require a lot of time and effort to keep the track prepared for all the races, this will make the track more active. This will make fans want to come to the track to watch more races frequently. 

I think Roger Penske buying the NTT IndyCar Series and the Indianapolis Motor Speedway is a good thing for the sport and the track. He has brought some tracks to being what they are now; for example, Auto Club Speedway, Michigan International Speedway, and The Streets of Belle Isle to just name a few. Penske already has some great ideas for IMS. He wants to add lights to the track, he is looking into doing some Formula One races, a 24-race event, and even an entertainment center for the city of Indianapolis. This is huge for the speedway and it looks like it will have a bright future. The NTT IndyCar Series is on the rise and I think Penske will make it even bigger. He runs multiple racing teams and they are all successful, so owning the IndyCar Series could make the series even more successful. He knows what goes into the sport and he is so dedicated to it. Penske even wants a double-header race with the NTT IndyCar Series and the Monster Energy NASCAR Cup Series. The NTT IndyCar Series and the Indianapolis Motor Speedway are in good hands with Roger Penske. The future is going to be bright for both the series and the track. I can’t wait to see what the future has in store and to see how far the NTT IndyCar Series and IMS will go with a new owner. 

 

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