IndyCar
Penske Corporation Buying IndyCar And Indianapolis Motor Speedway from Hulman & Company
INDIANAPOLIS, IN (Pittsburgh Racing Now) – The winningest car owner in the history of the Indianapolis 500 is buying the Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions.
The Board of Directors of Hulman & Company announced on Monday that it has entered into an agreement to be acquired by Penske Corporation, a global transportation, automotive and motorsports leader. Penske Entertainment Corp., a subsidiary of Penske Corporation, will acquire the track, series and production company following government approvals.
“The Indianapolis Motor Speedway has been the centerpiece and the cathedral of motorsports since 1909 and the Hulman-George family has proudly served as the steward of this great institution for more than 70-years,” said Tony George, Chairman of Hulman & Co. “Now we are honored to pass the torch to Roger Penske and Penske Corporation, as they become just the fourth owner of the iconic Speedway. There is no one more capable and qualified than Roger and his organization to lead the sport of IndyCar racing and the Indianapolis Motor Speedway into the future.”
George and his family recently decided that it was time to sell the Speedway and reached out to Penske following the conclusion of the 2019 IndyCar season. The acquisition by the Penske organization will carry the future of the legendary Speedway and the Indycar Series forward for the next generation of racing fans.
“My passion for racing began at the Indianapolis Motor Speedway in 1951 when I attended the Indianapolis 500 with my father,” said Penske. “We have so much respect and appreciation for the history and tradition of the Speedway and the sport of IndyCar racing. I want to thank Hulman & Company for the opportunity to build on this legacy and it will be an honor for Penske Corporation to help lead these great institutions forward into a new era.”
Penske Corporation has a history of managing major motorsports properties, beginning with the acquisition of Michigan International Speedway from bankruptcy in 1973. Penske and its subsidiaries also operated the Grand Prix of Cleveland, Nazareth Speedway and California Speedway. Penske Corporation currently operates and promotes the Detroit Grand Prix at the Belle Isle Park street circuit.
Carl Fisher built the Indianapolis Motor Speedway in 1909. Eddie Rickenbacker purchased the Speedway in 1927 before selling it to Tony Hulman and Hulman & Company in 1945.
The announcement comes one year-and-a-day after the passing of Mari Hulman George, the only daughter of Tony Hulman and Mary Fendrich Hulman. Mari Hulman George, Tony George’s mother, passed away November 3, 2018.
Penske expects the sale to close in January of 2020.
MARKHAM, ONTARIO (August 15, 2026) – The NTT IndyCar Series is making it’s first visit to a new street circuit in Markham, Ontario but a familiar face topped the speed charts after the first practice.
Four-time Series Champion Alex Palou turned the fastest lap around the 12-turn, 2.19-mile temporary street course, a 1-minute, 14.9915-seconds (100.811 mph) lap in the No. 10 DHL Chip Ganassi Racing Honda.
A.J. Foyt Racing rookie Caio Collett was second quick with a 1-minute, 15.0454-seconds (100.739) in the No. 4 Chevrolet.
Louis Foster was third quick in the No. 45 Rahal Letterman Lanigan Racing Honda at 1:15.0278 (100.702) followed by Team Penske’s Scott McLaughlin 1:15.2981 (100.401). Will Power rounded out the Top 5 at 1:15.3152 (100.378).
Palou’s Chip Ganassi Racing teammates were not as strong. Six-time Series Champion Scott Dixon was 20th at 1:16.4583 (98.877) in the No. 9 PNC Bank Honda. Kyffin Simpson was 24th at 1.17.3893 (97.688) in the No. 8 Sunoco Honda. Simpson made contact with the wall at Turn 6, causing damage to the rear suspension. Simpson limped to pits for repair and returned to action later in the session.
Practice 2 is set for 2:30 p.m. as delayed track construction forced officials to cancel Friday’s activities and condense Saturday’s schedule. NTT P1 Pole Qualifying is set for 6:30 p.m. ET
MARKHAM, ONTARIO (August 14, 2026) – Issues with the completion of the temporary street circuit in Markham Ontario has forced the NTT INDYCAR SERIES first practice to be moved to Saturday as all of Friday’s on-track activity had to be scrubbed from the schedule.
“INDYCAR is incredibly disappointed that our promoter was not able to complete the track build on time, despite significant support from our team on site,” INDYCAR President J. Douglas Boles said. “Ontario has always been a magnificent market for our sport and the number of spectators that attended today is a shining example of that. New events can always pose logistical challenges and we join in the frustration of our loyal fans and apologize.”
Green Savoree Promotions also issued a statement.
“Ensuring the safety of the drivers and the completion of the certification process of competing on a brand-new racetrack delayed all on-track activities today. Today’s sessions have been rescheduled to Saturday, August 15, to allow for further track preparations.”
“We greatly appreciate all the fans who made it out to the Ontario Honda Dealers Indy at Markham today and chose to spend the day with us. The attendance and support were overwhelming.”
The revamped schedule calls for the first practice to take place at 10:00 a.m. followed by a second practice at 2:30 p.m. and P1 Pole Qualifying at 6:30 p.m.
PORTLAND, OR (August 9, 2026) – Alex Palou and Chip Ganassi Racing are closing in on another NTT IndyCar Series Championship after winning Sunday’s Only Bulls Portland Grand Prix.
Palou started second and passed Felix Rosenqvist during the first round of pit stops by staying out an extra lap and using the ‘overcut’ to get the lead and then dominated, leading 60 of 110-laps to grab his sixth victory of 2026.
“Everybody at CGR and Honda did an incredible job,” said Palou, who started second. “I had an absolute rocket ship today. It was very, very nice to drive every single lap.”
“We had to do something different than Felix,” said Barry Wanser, team manager for the No. 10 Honda. “We had to go longer than him. It takes a lot of performance by Alex and certainly the Honda engine to give us the fuel mileage to jump in one more and do the overcut. That helped us. We had a pretty smooth pit stop and got the jump there.”
Rosenqvist, who started on the pole in the No. 60 Meyer Shank Racing Grateful Dead Honda, closed to within a second late but couldn’t get back to the front.
“He got us in a sequence,” said Rosenqvist, the 2026 Indianapolis 500 winner. “I got kind of twisted up leaving my box because I was so close to the Schumacher crew. I think between the overcut and that, we kind of lost the position. From there on we just sat in second.”
Andretti Global’s Will Power finished third in the No. 26 TWG Honda to lockout the podium for the manufacturer.
“Great day for us,” said Power. “Great day for Andretti. Didn’t quite have the pace I think the top two guys. Probably about a tenth off. Just seriously fast pace all day. Qualifying laps, really good quality. Such a quality field now.”
The victory for Palou increased his Championship lead to 110 points over Kyle Kirkwood of Andretti Global, a gap of more than two races with just five races remaining this season.
“Chip puts the best guys around me, but then also everybody is just executing,” said Palou. “That car is a rocket ship, and I’m just lucky enough to drive it.”
The next NTT IndyCar Series race is the inaugural Ontario Honda Dealers Indy at Markham on Sunday, Aug. 16 on the streets of Markham, Ontario.
Newlywed Reft Wins At PPMS
Logano Wins at Richmond as Chase Picture Takes Shape
Honeycutt Dominates Richmond for Second Career Truck Series Win
Palou quickest in first Markham practice
Troutman Gets First Win For Foster In Schaltenbrand Memorial At Lernerville; Cipriano, Flick, and Schneider Also Win.
Michael Norris wins his 5th Jook George Steel City Classic
Kvapil Hangs On To Win Pennzoil 250 in Top-Four Sweep by JR Motorsports
Marks Magnificent in Hodnett Classic at Port Royal
Alex Palou and Chip Ganassi Racing win Portland Grand Prix
