ROGER PENSKE BUYS IMS, INDYCAR SERIES
With 18 wins in the Indianapolis 500 since 1972, some would say that Roger Penske and Penske Racing already own the Indianapolis Motor Speedway. On November 4, the sport’s best-kept secret became official: Penske Entertainment Corp., a subsidiary of Penske Corporation, would be purchasing Hulman & Company, and with it, the Indianapolis Motor Speedway, the NTT IndyCar Series, and IMS Productions.
Details of the transaction, between two private companies, remain confidential, but it’s safe to say the purchase price was considerably more than the $750,000 paid by Anton “Tony” Hulman Jr., for the then-tattered track in 1945. Since then, the facility has remained within the Hulman and George families, and Penske becomes the track’s fourth owner since its construction in 1909.
No immediate changes…
