The news is STILL rattling off the walls here at the 2019 SEMA show. When it was announced on Monday morning that Roger Penske had purchased IndyCar AND the Indianapolis Motor Speedway, the racing world was immediately abuzz. How? Why? Tony George really sold it all? What the heck was he going to do with it? How much did he pay for it? Is he going to change a lot of stuff? Can this really save the IndyCar series? Is this a conflict of interest? The guy is 82 how long is he going to try and run the show for?
Those and about 50 billion other questions were asked and continue to be chirped by the assembled masses here. Several of those questions have been answered by the AP’s Jenna Fryer in this piece that takes us inside the deal, through the timeline of events, and ultimately to the biggest day in the history of American open wheel racing.
For obvious reasons, we think that this is an amazing thing and a great thing. Penske loves The Speedway like nowhere else, and like no-one else on Earth. The guy has won at it more than anyone, he has effectively made it his life’s work to dominate there. Additionally, he has made as significant an investment in American motorsports has in one shot at any time in history. Estimates on the sale range from the $3/500-million range to over a billion dollars. This was not pocket lint and a free set of Goodyears.
Read the story below and get up to speed on how this all went down. It’s incredible.
Associated Press: Penske Jumped At Chance To Protect Iconic Track –