Indianapolis Motor Speedway sold to Penske Corporation

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INDIANAPOLIS (WEHT) – In a news release Monday morning, it was announced Indiana’s famed Indianapolis Motor Speedway is being sold.

The new owner is no stranger to the racing world. Roger Penske and his Penske Corporation are set to acquire the speedway, and several subsidiaries, including the IndyCar Series.

The sprawling, 110-year-old speedway and its famed 2.5-mile oval track is one of the most famous venues in sports.

Its showcase race, the Indy 500, takes place every May.

Penske is the winningest car owner in Indy 500 history with 18 victories.

The sale is expected to close in early January.

The influential former chairperson of the Indianapolis Motor Speedway was an Evansville native.

Mari Hulman George was born in 1934.

Her father bought the speedway in 1945.

Mari’s grandfather was president of Fendrich Cigar Company.

Mari served as the IMS Chair from 1988-2016.

She died last November, exactly one year from Monday’s announcement.

The Hulman family will remain involved with both the series and the speedway.

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(This story was originally published on November 4, 2019)

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