The Indianapolis Motor Speedway Sold to the Penske Corporation
November 4, 2019 10:46AM CST
The family that owns the Indianapolis Motor Speedway and the IndyCar Series has been sold to the Roger Penske Corporation. Penske will become just the fourth owner of the 110-year-old speedway. The Hulman family has owned the speedway for 74 years. WJOL’s Mike Gugliamucci says Roger Penske will make some changes.
Gugliamucci says there won’t be a lack of money going into the 16th Street speedway and thinks the sale will be a good thing for IndyCar Series and the Indianapolis Motor Speedway. The Board of Directors of Hulman & Company and subsidiaries have been sold to Penske Entertainment Corp. for an undisclosed amount.
