Penske Officially Owns IMS & NTT IndyCar Series

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Roger Penske completed his purchase of the Indianapolis Motor Speedway, IMS Productions, and the NTT IndyCar Series on Monday. Penske is only the fourth different owner of the historic track and the IndyCar Series. The Hulman George family, the previous track and series owners, passed down their prized assets to the winningest team owner in Indy 500 history.

The Indianapolis Motor Speedway had been owned by Tony Hulman and Hulman & Co. since 1945. The Hulman family has done an amazing job making the speedway what it is today. The family even made a huge renovation to the speedway with “Project 100” in 2016. The project helped make the track look better visually and helped with adding things. For example, the project added three new rows of seating with stadium seats. The project also added the new LED pylon which was added back in 2015. Those main key additions and renovations by the Hulman Co. really helped the speedway to make it better for the fans. 

I personally think that Roger Penske being the owner of the Indianapolis Motor Speedway, IMS Productions, and the NTT IndyCar Series is a good decision. Penske knows racing pretty much better than anyone else. He owns multiple race teams for over 50 years. Winning the Indianapolis 500 18 times is probably Penske’s biggest achievement. Also, Roger Penske has the most Indianapolis 500 wins over any other team owner in the NTT IndyCar Series. Penske has successful race teams that compete for race wins every single time they are on the track, so he knows how to make something successful. So I think Penske will be a successful owner of IMS and the NTT IndyCar Series.

The NTT IndyCar Series is on the rise, so I think that the series is now owned by Roger Penske is a great opportunity. When the Hulman family owned the series, IndyCar wasn’t as popular but it had a good amount of fans. The series went on a decline in popularity in the late 2000’s because of the IndyCar and Champ Car split. Champ Car was another American open wheel series that was similar to IndyCar. Champ Car used to race the Indy 500 until 1996 because that’s when the NTT IndyCar Series started up. Champ Car and IndyCar “split” so now both series can’t run the Indy 500 together. If a Champ Car team wanted to race in the Indy 500, they would have to do a one-off race in IndyCar to race in the Indy 500. Champ Car teams would have to buy IndyCar’s for just one race and miss a race, which was the Michigan 500 at Michigan International Speedway. The race ran on the same day as the Indy 500. They did this so people could get attracted to Champ Car. The Indy 500 is a bigger race so it didn’t work out for Champ Car. The Indy 500 has a bigger general audience as well as a lot of fans, so it would easily attract more fans than Champ Car when they ran the Michigan 500. 

I think it’s a good thing that Roger Penske owns the Indianapolis Motor Speedway, IMS Productions, and the NTT IndyCar Series. It’s really good for the speedway and the NTT IndyCar Series because Penske knows how to run a successful business. Penske owns five different race teams in Virgin Australian Supercars, IMSA WeatherTech SportsCar Championship, NASCAR Xfinity Series, NASCAR Cup Series, and the NTT IndyCar Series. Team Penske has won 15 championships across all five race teams. I think Penske will continue this success with owning IMS and the NTT IndyCar Series. It will bring a great future for the Indianapolis Motor Speedway, IMS Productions, and the NTT IndyCar Series.

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