Roger Penske Acquires Indianapolis Motor Speedway and the IndyCar Series

Well, this was an unexpected bit of news for Monday morning… Roger Penske, through his subsidiary company Penske Entertainment, is the new owner of Indianapolis Motor Speedway.

The track sent out a media advisory Monday morning announcing the acquisition.

According to the advisory, Penske also now owns Hulman & Company, the NTT IndyCar Series and Indianapolis Motor Speedway Productions.

A teleconference is scheduled for Monday at 11 am ET to discuss more about the news.

Penske, the 2-time championship-winning team owner of Team Penske in the Monster Energy NASCAR Cup Series, has also won the Indianapolis 500 18-times as a car owner in the IndyCar Series.

The joke for years has been that Penske owns the 2.5-mile track in Speedway, IN. Now, he literally does own it.