Penske buys INDYCar and IMS

it's been rumored off and on for years (certainly since Penske ditched CART to go back to the IRL)

I think it's a great thing. Hulman family did a great job but I think running the track and series is outside their wheelhouse these days.

 

This insures the Speedway will continue and improve forever.

The day they stop racing at the Speedway will be the day Auto racing is banned in America.

 

So how does Penske race in a series he owns without a conflict of interest?

 

One question comes to mind:

Will Penske have any influence in writting the Indycar regulations in future (like Tony George did) ?

Will they abandon the "specs series" format ?

Okay, that's 2 questions ...

 

Good question.

 

Story breaking now.

The landscape in American open wheeled racing has just changed dramatically.

https://www.cbsnews.com/news/roger-penske-buys-indianapolis-motor-speedway-indycar/

BHW

 

Penske is

1) a racer
2) a brilliant business and marketing man
3) wealthy and well connected
4) deeply respected

It can't hurt!

 

Tony George owned an IRL team

various members of the France family own or have owned NASCAR and IMSA teams

I don't see a problem.

 

Don Panoz owned ALMS.

Andy Evans owned Professional Sports Car Racing.

Oh... Andy probably not a good example.

BHW

 

Fantastic news. The Captain will be the absolute best steward for IMS and IndyCar, bar none. No one else even comes close.

 

So long Hulmans and Georges, don't let the door hit you on the ass on the way out.

BHW

 

Supporting information ?

 

?

it's all over the news. there's been a press conference by the Hulmans and Penske.

 

Thanks just got in and haven't seen it. Will play catch up.

 

I wonder if they'll try to bring back F1? There's zero they have to do other than pay the sanctioning fee. I would rather go there than Miami!

 

After the Indianapolis F-1 fiasco, F-1 vowed that they'd never race on an roval again.

You have to think the teams would be in an uproar if they did.

BHW

 

Why? That was all on Michelin. Plus, they have the chicane now that slows them down on the oval. It's a new day.

Again, I would much rather go to The Indianapolis Motor Speedway than some gawd-awful parking lot in Miami.

 

If this means that Tony George is finally gone from the racing scene shouldn't there be a National Holiday of some sort?

 

Today's society is much different than the past, I see issues in the future. Indy has some good momentum building, I hope this doesn't deter that at all.

PS - this is no slight against Penske, I think he has been great for racing in many ways, just worried about today's perception of things....

 

I would too but Pirelli would probably throw a pissyfit.

“Whaa? Now we-uh gotta make-uh the pneumatici wear out molto rapidamente on-uh the oval too? Pazzo!”

 

If Bridgestone (back in 2005 in F1) and Firestone (currently on the IndyCars) can do it, so can Pirelli. Semplicita!

 

You'd have to ask Formula One that.

And, anyway, it's just so not happening.

BHW

 

Who said he bought it to use for racing? Roger's timeline is rather short. This type of investment is for the long haul. None of his children are involved with the sport at this time. Maybe a plan for the Penske Corporation is in place for IMS. It is a central location that could provide his other entities advantages over the competition. Will be interesting to watch.

Please come and join us at our new 500 home housing project called " Brickyard Estates".