Penske just bought IndyCar and IMS

Discussion in 'OTHER SPORTS Forum' started by watson1880, Nov 4, 2019.

  1. watson1880

    watson1880 Founding Member

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    https://www.indystar.com/story/news/2019/11/04/indianapolis-motor-speedway-sold-penske/4154155002/

    Hulman & Co. is selling the Indianapolis Motor Speedway, IndyCar and related businesses to Penske Corp.

    Both companies announced the deal Monday in a news release.

    Hulman & Co. has owned the track since 1945. In May, the company announced it was selling the iconic baking powder-maker Clabber Girl Corp. to B&G Foods.

    At the time, President & CEO Mark Miles said the sale allowed the company to focus on growing its motor sports operations.

    Monday's news release did not specify how much Penske is paying to buy the track, the NTT IndyCar Series and Indianapolis Motor Speedway Productions.
     

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