This was a huge surprise. The Board of Directors of Hulman & Company announced 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 all Hulman & Company principal operating assets, including the Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions. The transaction will close following receipt of applicable government approvals and other standard conditions.
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.
It was the vision of Carl Fisher to build the Indianapolis Motor Speedway (IMS) in 1909 and the track hosted its first races later that year. Eddie Rickenbacker later purchased the Speedway in 1927 before selling it to Tony Hulman and Hulman & Company in 1945. IMS has been the host of the world’s largest single-day sporting event – the Indianapolis 500 Mile Race – for more than 100 years. The iconic venue has also hosted NASCAR, Formula One and other racing series events throughout its storied history. The NTT IndyCar Series continues to be the premier open-wheel racing series in North America and is one of the most competitive championships in the world. IMS Productions is a leading video services and production company.
“We recently approached Roger Penske and Penske Corporation about this opportunity and began working to put an agreement in place,” said Tony George, Chairman of Hulman & Company. “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. 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.”
Penske Corporation has a rich history of managing major motorsports properties, beginning with the acquisition of Michigan International Speedway in 1973. Over the course of its history, Penske and its subsidiaries have also operated the Grand Prix of Cleveland, Nazareth Speedway and California Speedway, along with investments in North Carolina Motor Speedway and Homestead-Miami Speedway. Penske Corporation currently promotes and operates the Detroit Grand Prix, hosted annually at the Belle Isle Park street circuit.
“My passion for racing began at the Indianapolis Motor Speedway in 1951 when I attended the Indianapolis 500 with my father,” said Roger Penske, whose race team celebrated its 50th anniversary of first competing at IMS this year. “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.”
“The Indianapolis Motor Speedway, the Indianapolis 500 Mile Race and the NTT IndyCar Series have enjoyed considerable growth over the past decade, with significant increases in television, digital and social media audiences combined with record attendance at many of our race venues,” said Mark Miles, President and CEO of Hulman & Company. “With their track record of business success, their venue, operation and event experience and their passion for motorsports, Roger Penske and Penske Corporation will help us take the IndyCar Series, the Indianapolis Motor Speedway and all of our properties to new heights. Everyone on our team looks forward to working with them to capitalize on the momentum that the Series and the Speedway have achieved.”
Pocono Raceway will host 1,250 miles of racing as part of the 2020 NASCAR Doubleheader Week from June 25-28, 2020. This historic motorsport event will feature five NASCAR and ARCA races in four days, including two NASCAR Cup Series races taking place on back-to-back days – a first in NASCAR history.
The 2020 NASCAR Doubleheader week will open with ARCA Menards Series practice, qualifying and the General Tire #AnywhereIsPossible 200 race on Thursday. On-track action on Friday will include NASCAR Gander Outdoors Truck Series (Gander Trucks) practice and qualifying, along with two scheduled NASCAR Cup Series practice sessions. Saturday’s events will feature NASCAR Xfinity Series (Xfinity Series) practice, NASCAR Cup Series qualifying to set the field for that day’s race, a 150-mile Gander Trucks race and a 325-mile NASCAR Cup Series race. Xfinity Series Qualifying, the Pocono Green 225 Recycled by J.P. Mascaro & Sons Xfinity Series race and a 350-mile NASCAR Cup Series race rounds out the bucket-list motorsports weekend on Sunday. (Note: The field for Sunday’s NASCAR Cup Series race will be set by inverting the lead-lap finishers from Saturday’s NASCAR Cup Series race. Race length for Gander Trucks adjusted to allow for more access to Pit/Paddock Pass holders between the day’s events.)
Tickets for the 2020 NASCAR Doubleheader Week at Pocono Raceway are now on sale to the public. Visit www.poconoraceway.com/2020 to learn more or call 1-800-RACEWAY (1-800-722-3929.)
2020 NASCAR DOUBLEHEADER WEEK RACES:
Thursday, June 25 at 4:15 p.m. ET
General Tire #AnywhereIsPossible 200 – ARCA Menards Series Race (80 Laps / 200 Miles)
Saturday, June 27 at 12:00 p.m. ET
NASCAR Gander Outdoors Truck Series Race (60 Laps / 150 Miles)
Saturday, June 27 at 3:00 p.m. ET
NASCAR Cup Series Race #1 (130 Laps / 325 Miles)
Sunday, June 28 at 12:00 p.m. ET
Pocono Green 225 Recycled by J.P. Mascaro & Sons – NASCAR Xfinity Series Race (90 Laps / 225 Miles)
Sunday, June 28 at 3:30 p.m. ET
NASCAR Cup Series Race #2 (140 Laps / 350 Miles)
Adult NASCAR tickets for Saturday and Sunday start at $45. A Saturday gate admission ticket includes both the Gander Trucks 150-mile race and the weekend’s first of two NASCAR Cup Series races. A Sunday gate admission ticket includes both the Pocono Green 225 Recycled by J.P. Mascaro & Sons NASCAR Xfinity Series race and the weekend’s 350-mile NASCAR Cup Series race. Camping tickets start at $200 for the entire race week. Adult tickets for Thursday and Friday start at $10, each day. Tickets for all event dates are available by visiting www.poconoraceway.com/tickets or by calling 1-800-RACEWAY (1-800-722-3929.)
– Members of the Speedway Management Group LLC voted recently to continue operating Selinsgrove Speedway into the 2020 racing season, pending approval of the lease extension by the Selinsgrove Fair Association Inc. later this week.
The promotional team is in the process of putting together 15-18 races, mostly a weekly schedule during the prime part of the summer racing season, for the historic half-mile speedway’s 74th year. An April 2020 season opener is expected.
The racing cards will feature specials for the 360 sprint cars in sanctioned events, 410 sprint cars, and super late models, with the 305 sprint cars, limited late models, roadrunners, and other classes joining the headline divisions throughout the season. More details will be released as races become finalized during the off-season.
This week tri-axle loads of screened clay will be delivered as part of the resurfacing project that started three years ago.
Since the current promotional team took over operations of the track for the 2016 season, more than a half million dollars has been invested to improve and continue one of Pennsylvania’s great racing traditions.
The biggest change in the track’s history was completed for the 2018 season, at a cost of more than $120,000, when the pit area was moved outside of the track to provide a wide open view of the racing action. The lighting upgrade between turns three and four was also recently completed, among other improvements.
In 2019, the speedway hosted two of the biggest events in its storied history featuring the super late models in the $11,000-to-win Ron Keister Memorial May 18 and the 410 sprint cars in the $20,000-to-win Jim Nace Memorial National Open Sept. 14. The track received national media exposure on the MAVTV Motorsports Network, Motor Trend Network, and through the online pay-per-view service onthecusion.com.
Selinsgrove Raceway Park, the one-fifth mile go kart track located inside of Selinsgrove’s half-mile track, will celebrate its 20th season in 2020. Since 2001, kart racing will be on the schedule most Friday nights April through September with several Burris Money Series special events on Sundays.
For a complete schedule when it becomes available, the latest news, results, and race status, visit selinsgrovespeedway.com or follow us on Twitter and Facebook. The track office can be reached at 570.374.2266.
Williams Grove Speedway has begun work on its 2020 schedule of events that will include events for the 358 sprint car division.
The speedway will be allowing the usage of a 5 x 5 top wing during the 2020 season along with the previous standard, and still acceptable 3 x 5 wing.
“Our teams came to us and expressed a desire to be permitted to run the 5 x 5 top wing now that competition elsewhere in the region has made the move to allow them for the 2020 season,” Williams Grove General Manager Justin Loh said.
“The teams just want the chance to remain as competitive as possible no matter where they choose to race and we feel the same way at Williams Grove,” Loh said of the track’s decision.
Williams Grove 358 sprint teams are also reminded that the Chassis Support Bar Rule will be in effect for the division beginning in 2020.
Williams Grove closed its 2019 season on October 5 with the running of the $65,000 to win National Open for 410 sprint cars, won by Brent Marks of Myerstown.
Opening day 2020 is tentatively set for Sunday afternoon, March 15 at 2 pm featuring a program of 410 sprint car action.
The Miami Formula 1 Grand Prix suffered a setback on Tuesday when the Board of County Commissioners of Miami-Dade County in Florida voted to create more bureaucratic hurdles for the race.
The mayor, however, can still overrule the objections within the next 10 days
A public hearing is now scheduled for Dec. 10 before the Infrastructure & Capital Improvements Committee to discuss the proposed Formula 1 race weekend currently set for 2021 at the Hard Rock Stadium area in Miami. The Hard Rock Stadium is the home of the Miami Dolphins football team. The Dolphins are owned by Stephen Ross, who also heads the area’s F1 bid.
The vote was 7-6 in favor of an ordinance to revise regulations for the race. However, this can be vetoed by Mayor Carlos Giménez. The mayor attempted to stop the ordinance from being voted on and has been a strong supporter of the F1 race for Miami. Giménez has 10 days to announce his veto, but he can be overruled by a two-thirds vote among the 13 commission members. Nine commissioners would have to vote to overrule any veto.
The commission went on to vote for a resolution that sought to establish a countywide policy to prohibit temporary or permanent road closures for motor racing on county roadways that go through or pass by residential districts. Any road closures would have to be agreed upon by the board of commissioners after a number of required studies paid for by the applicants. The race could also be held on private land, but that would not likely happen due to the costs involved in redesigning the track around the stadium’s other facilities. This resolution was approved by an 8-5 vote and can also be vetoed by the mayor.
The red tape is obviously an annoyance because race planners want to begin work so as to be ready for an F1 race in May 2021. If the delays grind on, they could pull the plug on the project, leaving Miami without an F1 race and Formula 1 without a second event in the United States.
Some of the commissioners did point out that other cities were interested in taking on a race if Miami declines to host the race. However, there was a level of naivety among the commissioners who do not seem to comprehend that modern F1 cars are not noisy.
One commissioner even noted that there had never been an F1 race in the county but that there had been a Formula 2 race — while in fact neither F1 nor F2 has ever raced in Miami. The commissioner for the Homestead area — home of the Homestead-Miami Speedway oval that has played host to NASCAR and IndyCar — showed that he has little understanding of how F1 deals are put together by suggesting that the F1 race could happen at Homestead.