IndyCar
R
Birmingham
16 Apr
Next event in
41 days
23 Apr
Next event in
48 days
R
Texas
30 Apr
Next event in
55 days
R
Grand Prix of Indianapolis Race 1
14 May
Next event in
69 days
28 May
Next event in
83 days
R
Detroit
11 Jun
Next event in
97 days
R
Road America
18 Jun
Next event in
104 days
R
Mid-Ohio
02 Jul
Next event in
118 days
R
Toronto
09 Jul
Next event in
125 days
06 Aug
Next event in
153 days
R
Grand Prix of Indianapolis Race 2
13 Aug
Next event in
160 days
R
Gateway
20 Aug
Next event in
167 days
R
Portland
10 Sep
Next event in
188 days
R
Laguna Seca
17 Sep
Next event in
195 days
R
Long Beach
24 Sep
Next event in
202 days

Penske can attract OEMs and sponsors to IndyCar, says Miles

President of Hulman & Co. Mark Miles believes that the Penske Corporation’s purchase of the parent company for Indianapolis Motor Speedway and the NTT IndyCar Series will make U.S. open-wheel racing more attractive to manufacturers and big-name sponsors.

Penske can attract OEMs and sponsors to IndyCar, says Miles

Following the announcement this morning that Roger Penske’s new entity, Penske Entertainment, has bought the Speedway, IndyCar and IMS Productions, a media conference was held by Penske, outgoing Hulman & Co. owner Tony George and Miles.

Read Also:

Miles declared: “Roger’s relationships and reach globally in a number of sectors, many sectors of industry and sport is remarkable. Some of us have to work really hard to get the right person to pick up the phone, and he may short-circuit that a little bit and not infrequently.

“I believe Roger will answer our call and have his own thoughts about all parts of how to grow this. Having a third OEM [to join Chevrolet and Honda] is one of our priorities and one of our goals, and I’m sure Team Penske and Roger will help.”

Miles said that Penske’s purchase of IMS and IndyCar was a “hand-in-glove fit”. “Roger’s background in racing and the superb effectiveness of everyone who works in the Penske Corporation is pretty well known to everybody, and he didn’t need a lot of due diligence on the history of the Indianapolis Motor Speedway or IndyCar to know us

“And so the most important thing to know in this transaction and in making these arrangements was the convergence of the transition from the phenomenal heritage we come from and the understanding of that with Roger and what was possible going forward.

“We are very proud of what has happened over the last several years and many of you from Indianapolis know that we had this unbelievable opportunity with the 100th running [of the Indy 500] in 2016. I think the community really responded to that and that gave us the chance to build from there and so we still stand in a really good place in terms of attendance and fan engagement. We’ve tried to be innovative in the events we bring here and that will probably continue.

“IndyCar, we’re just so proud of. It’s probably been a little more of an up and down history in terms of the longer term. [But] there’s no question we have great momentum now – every fan metric shows growth, we’ve kept our traditional longtime fans and we’re growing the fanbase and adding younger fans all the time.

“It’s without a doubt the best form, the most exciting form of racing on the planet and with Roger and Penske Entertainment as our leaders now we see more of that growth.”

 

shares
comments
Penske subsidiary buys IndyCar, Indianapolis Motor Speedway

Previous article

Penske subsidiary buys IndyCar, Indianapolis Motor Speedway

Next article

Penske willing to “take a risk” on future Indy events

Penske willing to “take a risk” on future Indy events
Load comments

About this article

Series IndyCar
Author David Malsher-Lopez
Is Arrow McLaren SP ready for IndyCar’s title fight? Prime

Is Arrow McLaren SP ready for IndyCar’s title fight?

With Patricio O'Ward and Felix Rosenqvist leading its line-up, 2021 could be the year Arrow McLaren SP-Chevrolet joins the IndyCar elite, writes David Malsher-Lopez.

IndyCar
Feb 21, 2021
Dale Coyne picks the Top 10 drivers in his giant-slaying team Prime

Dale Coyne picks the Top 10 drivers in his giant-slaying team

Over 37 seasons, Dale Coyne has run no fewer than 80 Indy car drivers – including himself! Ahead of his first season running Romain Grosjean, we asked Coyne to pick the best 10 drivers ever to compete for him. By David Malsher-Lopez.

IndyCar
Feb 10, 2021
Why enigmatic Marco Andretti will be missed Prime

Why enigmatic Marco Andretti will be missed

Last Friday, Marco Andretti announced he is withdrawing from fulltime IndyCar racing. David Malsher-Lopez explains how this third-gen racer was a puzzle in the car, but a straight shooter off-track.

IndyCar
Jan 19, 2021
Why Roger Penske is an American motorsport icon Prime

Why Roger Penske is an American motorsport icon

In this exclusive one-on-one interview, Roger Penske reveals the inner drive that has made him not only a hugely successful team owner and businessman but also the owner of Indianapolis Motor Speedway and IndyCar. He spoke to David Malsher-Lopez.

IndyCar
Dec 28, 2020
Is the mighty McLaren M16 the greatest ever Indy car? Prime

Is the mighty McLaren M16 the greatest ever Indy car?

When founder Bruce McLaren died in June 1970, his team could have folded. Instead, his loyal band rallied to produce a string of winners - including an Indy car game-changer that won three Indy 500s in six years.

IndyCar
Dec 23, 2020
How Newgarden delivered his best season, yet still lost Prime

How Newgarden delivered his best season, yet still lost

Josef Newgarden was our pick as top IndyCar driver of 2020 but his finest season-long run of performances failed to yield the championship. David Malsher-Lopez explains why.

IndyCar
Dec 18, 2020
2020 IndyCar Review and Top 10 drivers of the year Prime

2020 IndyCar Review and Top 10 drivers of the year

David Malsher-Lopez explains how the 2020 NTT IndyCar Series was unlike any other, and why it featured familiar and unfamiliar faces competing for glory.

IndyCar
Nov 27, 2020
How Dixon won his sixth IndyCar title, in his own words Prime

How Dixon won his sixth IndyCar title, in his own words

Chip Ganassi Racing’s newly crowned six-time IndyCar champion Scott Dixon takes us round by round through his remarkable season. David Malsher-Lopez listens.

IndyCar
Nov 4, 2020