New York: Monday, December 09, 2019
© 2019 US-WEATHER.COM
ZERO CENTS
ZERO CENTS
Online Readers: 40
(5 is just watching the pictures)
New York: Monday, December 09, 2019
© 2019 US WEATHER.COM
ZERO CENTS
ZERO CENTS
Online Readers: 40
(2 is just watching the pictures)
Roger Penske eager to protect Indianapolis Motor Speedway legacy


💡 VISIT: SportsNews.com - Shopping.com - Dating.com - Insurance.com - WebHosting.com  - LegalAdvice.com ? 💡


Please rate this article: 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

US Sports Headlines
US-SPORTSNEWS
Basketball - Baseball - Football - Tennis - Golf - Hockey - Soccer - Motorsport
Click Here

Sports News:
Roger Penske eager to protect Indianapolis Motor Speedway legacy

Roger Penske spent a part of Tuesday strolling Indianapolis Motor Speedway, utilizing a cool, sunny day to look over the historic venue that can quickly be his.

There is figure to be completed on the speedway, a number of work earlier than it may be the leisure mecca he envisions. But greater than that, there’s a legacy to fear about — and never simply his.

The hulking grey construction had been within the Hulman household since Tony Hulman bought it in 1945, and generations over seven a long time since have poured all the things into the speedway to uphold its standing as a beloved slice of Americana, a spot the place championships are earned each Memorial Day weekend and heartbreak, even dea-th, is acquainted.

Hulman’s grandson, Tony George, now runs the showcase Indianapolis 500 race, the sprawling speedway and all issues racing that the household treasures. After painstaking analysis, the household determined the time had come to give all of it up — and George was uneasy turning it over to a company or conglomerate which may very properly ignore 110 years of historical past and custom.

He sought out the one particular person he knew who not solely shared his love and respect for the speedway however had the sources and unwavering need to protect the Indy 500 as a world spectacle:



Roger Penske, the billionaire businessman and racing fanatic with an extended historical past of excellence in motorsports.

Penske was approached by George on the Sept. 22 IndyAutomobile season finale and requested if he was prepared to focus on future “stewardship” of the speedway, the Indy 500 and the open-wheel collection that has loved a current uptick in reputation. In a surprising deal that took solely six weeks to work out, Hulman & Co. introduced Monday it was promoting its racing portfolio to the person with a report 18 Indy 500 victories. Penske, who final month obtained the Presidential Medal of Freedom from President Donald Trump, would be the official proprietor by January.

The events declined to focus on particulars, however trade insiders estimate Penske received all of it for roughly $300 million, plus promised further capital enhancements to the speedway.

Penske, 82, plans to maintain the present govt workforce of each the speedway and IndyAutomobile, and Tony George will possible have a job in some vogue: Penske supplied and George, who fought again tears on the information convention to focus on the sale, stated he would settle for.

Penske needs extra exercise on the speedway, and is open to bringing Formula One again to the observe, in addition to sports activities automobiles, a 24-hour endurance race and an prolonged cope with NASCAR. The inventory automotive collection first raced at The Brickyard in 1994 in a controversial break from custom for the speedway. The race has misplaced its status and subsequent 12 months will get a clumsy date on the July four weekend, simply six weeks after the Indianapolis 500.

Penske has already had talks with NASCAR chairman Jim France and made it clear he needs NASCAR on the speedway. He likes the 2 races operating lower than two months aside on patriotic weekends. The IndyAutomobile Series itself is just not a moneymaker and is propped by the Indy 500 and the speedway, which receives a large payout from NASCAR’s tv bundle.

“The series is not broken. We need to enhance it,” he stated. “We’ve got to make sure the product remains relevant … all of these things need to be taken into consideration.”

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

Read More – Click Here

US Sports Headlines
US-SPORTSNEWS
Basketball - Baseball - Football - Tennis - Golf - Hockey - Soccer - Motorsport
Click Here


💡 VISIT: SportsNews.com - Shopping.com - Dating.com - Insurance.com - WebHosting.com  - LegalAdvice.com ? 💡

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

©2019 U-S-Weather.Com - Weather Network

Log in with your credentials

or    

Forgot your details?

Create Account