Roger Penske Purchases Indy Motor Speedway & IndyCar Series

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A young boy saw his first Indy 500 in 1951. It inspired him to become a dominant force in the automotive world, and the 82-year old is still at it. Announced by the Associated Press and, our friend Roger has big plans for the facility and the series.

As only the 4th owner in the track’s history, the Brickyard will become a world-class venue, and hopefully, entice Formula1 to return. Team Penske has 18 wins at the track, and his dealer network offers thousands of exotic cars for sale.

As the owner of several Indy and NASCAR teams, he is divesting them to prevent a conflict of interest. Here is his official statement from the speedway’s website:

Dear Indianapolis Motor Speedway Fan,

We are excited to begin a new era at the Indianapolis Motor Speedway (IMS) in 2020. On behalf of everyone at Penske Corporation, we look forward to carrying on the tradition of the legendary facility as the new stewards of IMS.

I want to thank you for your support of racing and the Indianapolis Motor Speedway, and I want you to know that we appreciate having you as our loyal fan.

You can expect to see a few changes in place at the Speedway this year as we are very focused on enhancing your experience at the track and making sure that the Indianapolis Motor Speedway continues to be one of the best entertainment venues in the world.

We look forward to seeing you soon at IMS during this exciting and historic year at the Racing Capital of the World.

Sincerely, Roger Penske

This will undoubtedly bring new sponsors and media coverage to the series, so tell us your thoughts on this Indy news in the comments below.