Sale Of Speedway Complete

speedway-sold

SPEEDWAY, Ind. — It’s official — Roger Penske is the new owner of the Indianapolis Motor Speedway.

Penske Corporation announced Monday that it’s completed the acquisition of IMS, the IndyCar Series, and IMS Productions.

Penske is the track’s fourth owner, taking over from Hulman and Company, which bought the track in 1945.

Roger Penske
photo courtesy Team Penske

“We are looking forward to carrying on the tradition of the Indianapolis Motor Speedway and IndyCar racing,” said Roger Penske. “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. 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 IndyCar Series.”

The sale of the track was announced in November. The price has not been disclosed.