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Penske buys the Indianapolis Motor Speedway & IndyCar series

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  • Penske buys the Indianapolis Motor Speedway & IndyCar series




    xseJdZmW.jpgTrue story???
    Last edited by doitagain; 11-04-2019, 04:48 PM.
    Center Grove Trojans
    2008 5A Football State Champs
    2015 6A Football State Champs
    2011 Track State Champs

    Center Grove Jr. Trojans
    2014, 2015 & 2017 IEFA State Champs

  • #2
    Just got an alert. Details later.

    Comment


    • #3
      https://www.wthr.com/article/ims-sol....co/Z2NeGcPHBg
      Center Grove Trojans
      2008 5A Football State Champs
      2015 6A Football State Champs
      2011 Track State Champs

      Center Grove Jr. Trojans
      2014, 2015 & 2017 IEFA State Champs

      Comment


      • #4
        I see we all get WTHR alerts on our phones.

        Comment


        • #5
          After the Clabber Girl sale and now this, I can't help but think Mari was holding this up.

          Comment


          • #6
            We’ve had rumors of this every six months for about 20 years now, but when there’s actually some substance to the rumor...

            Comment


            • #7
              Originally posted by 38special View Post
              I see we all get WTHR alerts on our phones.
              Yep! Had to make sure it wasn’t April 1st before posting.
              Center Grove Trojans
              2008 5A Football State Champs
              2015 6A Football State Champs
              2011 Track State Champs

              Center Grove Jr. Trojans
              2014, 2015 & 2017 IEFA State Champs

              Comment


              • #8
                Media Advisory: Hulman & Company Announces Sale to Penske Corporation

                WHAT: The Board of Directors of Hulman & Company are announcing the sale of the company and certain subsidiaries, including the Indianapolis Motor Speedway, the NTT IndyCar Series and Indianapolis Motor Speedway Productions (IMS Productions), to Penske Entertainment Corp., a subsidiary of Penske Corporation

                WHO: Tony George, Chairman of Hulman & Company
                Mark Miles, President and CEO of Hulman & Company
                Roger Penske, Chairman and Founder of Penske Corporation


                All participants will comment on the announcement and will take questions from the media in attendance and via a teleconference line.

                WHEN: Monday, Nov. 4, 2019
                11 a.m. ET

                WHERE: IMS Media Center - 4th Floor
                Indianapolis Motor Speedway
                4790 W. 16th St.
                Indianapolis, IN

                Comment


                • #9
                  Well, I guess that means that Team Penske is going to stick around after Roger then.

                  Comment


                  • #10
                    Best buyer I can think of. This looks like a great move.
                    Center Grove Trojans
                    2008 5A Football State Champs
                    2015 6A Football State Champs
                    2011 Track State Champs

                    Center Grove Jr. Trojans
                    2014, 2015 & 2017 IEFA State Champs

                    Comment


                    • #11
                      Old: Penske figuratively owns the Indy 500
                      New: Penske literally owns the Indy 500

                      Comment


                      • #12
                        I mean, if they're selling to anyone, Penske sure as heck isn't gonna shut the place down.

                        Comment


                        • #13
                          I suppose anything is possible. But I find this very hard to believe.

                          Comment


                          • #14
                            Interesting. What does Penske entertainment currently own? Back in the day, there was Penske Motorsports that owned Fontana, Michigan, Nazareth, and maybe a couple others, but then it was sold to ISC.

                            I don't think we are done with bombshell news like this. Nascar(France family) taking ISC private might have been done to sell the 2 companies together. Isn't SMI going private too? I don't think this is all a coincidence.

                            Comment


                            • #15
                              Originally posted by CouchPilot View Post
                              I suppose anything is possible. But I find this very hard to believe.
                              Why is it hard to believe? It is being circulated by multiple news agencies and there is a press conference scheduled. What am I missing here??

                              Comment

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