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.
Chip Ganassi Racing unveils Alex Palou’s No. 10 DHL Honda
INDIANAPOLIS, IN (Pittsburgh Racing Now) – Chip Ganassi Racing unveiled the livery for two-time and reigning NTT INDYCAR SERIES Champion Alex Palou’s DHL Honda on Tuesday. DHL signed on as the primary sponsor this off-season in a multi-year partnership with the team.
The No. 10 car will carry the familiar yellow of DHL’s branding but adds a splash of red that has been synonymous with the Ganassi team for decades.
“As everybody can see, this is quite the amazing livery,” said Palou. “The No. 10 DHL Honda looks very aggressive, and it will certainly stand out on the track, which is great. I can’t wait to start the season with a run in this livery at Sebring before we kick things off in St. Pete. It’s looking like the perfect livery to try to defend our title in 2024 and I cannot wait to deliver on-track here soon.”
The NTT INDYCAR SERIES season-opening Firestone Grand Prix of St. Petersburg presented by RP Funding takes place March 8-10 on the streets of St. Pete.
DHL joining Chip Ganassi Racing as primary sponsor for No. 10 Honda and Alex Palou
INDIANAPOLIS, IN and PLANTATION, FL (Pittsburgh Racing Now) – Chip Ganassi Racing and DHL Express are teaming up in a new multi-year partnership that will see DHL become the official logistics partner of the 15-time NTT INDYCAR SERIES Champions and the primary sponsor of two-time and reigning Series Champion Alex Palou and the No. 10 Honda team.
“I am extremely proud to welcome DHL to the Chip Ganassi Racing family,” said Chip Ganassi. “It is an honor to partner with an organization that shares our fundamental values of teamwork, growth, responsibility, and the pursuit of excellence. Together, we are committed to embodying those values both on and off the racetrack. I am looking forward to Alex and the No. 10 team defending their 2023 title with DHL on board. The road ahead holds great promise and potential, and I can’t wait to get started.”
DHL is the leading global brand in the logistics industry and one of the most international companies, with about 395,000 employees in more than 220 countries and territories worldwide.
“We’re thrilled to partner with Chip Ganassi Racing, an organization that has a rich history of success, deeply rooted in principles shared by DHL, such as a commitment to supporting the communities we call home, and the relentless pursuit of excellence by investing in our people who embody speed, passion, and dedication,” said Mike Parra, CEO of DHL Express Americas and Head of Global Sponsorships. “As we sponsor this winning motorsports team with Alex Palou behind the wheel, we look forward to many winning moments both on and off the track in the months and years to come.”
“It’s super exciting to announce our new partnership with DHL, a global leader in logistics. Representing such a successful and widely recognized brand is a true honor,” said Palou. “Their iconic yellow and red colors not only stand out, but they also remind me of my native Spain’s colors. As our team looks back at our remarkable success last year, we are eager to carry that momentum forward and aim for a third title with the support of DHL. I am especially thrilled to hit the ground running alongside the dedicated men and women of our 10-car crew in 2024.”
Racing Notebook: DHL partners with Ganassi; Hunt Bros partners with Penske and more
(Pittsburgh, PA) – 2024 partnership programs a coming together as two of the biggest names in racing, Ganassi and Penske, each announce new deals plus PPMS announces their plans for the new year and Henessey Performance packs some punch for GM fans in today’s Racing Notebook.
DHL Partners with Ganassi and Palou
- DHL and Chip Ganassi Racing are teaming up for a new partnership. DHL becomes the primary sponsor of the No. 10 Chip Ganassi Racing Honda and two-time NTT IndyCar Champion Alex Palou. DHL express also becomes the Official Logistics Partner of the 15-time Championship team. “I am extremely proud to welcome DHL to the Chip Ganassi Racing family,” said Chip Ganassi. “It is an honor to partner with an organization that shares our fundamental values of teamwork, growth, responsibility, and the pursuit of excellence.”
Hunt Brothers Pizza Partners with Penske, Logano, Blaney
- Team Penske and Hunt Brothers Pizza are teaming up in multi-year deal that will feature the convenience store pizza brand on the No. 22 Team Penske Ford Mustang driven by two-time NASCAR Cup Series (NCS) Champion Joey Logano for select races beginning in 2024. Hunt Brothers Pizza will also be an associate sponsor on defending NASCAR Cup Series Champion Ryan Blaney’s No. 12 Ford Mustang for the 2024 season.
PPMS Announces 2024 Schedule
- Pittsburgh’s Pennsylvania Motor Speedway is planning a 29-race schedule for 2024 with an opening day St. Patrick’s Day Weekend. The highlight of the schedule is the expansion of the Pittsburgher weekend to a 2-day event for the Lucas Oil Dirt Late Model Series battling for almost $200,000!