11-04-2019, 01:29 PM
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Join Date: Mar 2017
Location: ABQ, New Mexico
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Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning Monday announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years.
Tony Hulman bought the dilapidated speedway in 1945 and brought racing back to the corner of 16th St. and Georgetown Ave. after a four-year hiatus following World War II.
The speedway spun off multiple other subsidiaries, including the IndyCar Series and Indianapolis Motor Speedway Productions, which are also part of the deal to Penske Entertainment. That group is a subsidiary of Penske Corp., which is owned by billionaire Roger Penske.
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