Breaking: Roger Penske to buy Indianapolis Motor Speedway, IndyCar Series

A surprise announcement was just made! In a deal that will officially close in January, Roger Penske's Penske Entertainment will purchase Indianapolis Motor Speedway and the IndyCar Series.

Tony Hulman bought IMS in 1945 and was the third owner of the speedway. After some TLC and the 500 being cancelled for a few years, he brought racing back to the speedway, and his family has controlled it ever since, hosting the Indy 500 and associated races, NASCAR's Brickyard 400, and a ton of other events.

Roger Penske went to the speedway for the first time as a 14 year old in 1951 when his father got tickets from the metal fabrication company in Cleveland where he worked. A young Roger was immediately hooked and has built his entire life around auto racing, first as a driver, and then as an owner of tracks, IndyCar teams, NASCAR teams, and more. Team Penske currently fields cars for Brad Keselowski, reigning champion Joey Logano, and Ryan Blaney in the Monster Energy NASCAR Cup Series, Austin Cindric and Paul Menard (part time) in NASCAR's Xfinity Series, Will Power, Simon Pagenaud, and reigning champion Josef Newgarden in the IndyCar Series, Helio Castroneves, Juan Pablo Montoya, Ricky Taylor, and Dane Cameron in the IMSA Sportscar Championship Series, and Fabian Coulthard and Scott McLaughlin in the Australia Supercars.

The announcement was officially made in a press conference that began at 11am this morning.

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