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Penske goes shopping - acquires IMS and IndyCar series!
Roger Penske just went on a massive spending spree, the legendary motorsport magnate acquiring from the Hulman family the Indianapolis Motor Speedway and the NTT IndyCar Series. Penske's shock acquisition, which also included IMS Production, were done through a subsidiary of the automotive conglomerate, Penske Entertainment. McLaren SP reveals 2020 IndyCar line-up - drops Hinchcliffe Penske's latest investment will lead to an interesting situation by which Penske will own a leading IndyCar team as well as the series in which the outfit competes. However, the 82-year-old billionaire's impeccable track record and business reputation, coupled with an outstanding strategic vision, should be...
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