Penske buys Indianapolis Motor Speedway, IndyCar Series
FILE - In this May 24, 1996, file photo, a cloud hangs over the Indianapolis Motor Speedway in this photo taken from the Goodyear blimp. Turn one is at the lower left. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/ John R. Fulton Jr., File )

FILE - In this May 24, 1996, file photo, a cloud hangs over the Indianapolis Motor Speedway in this photo taken from the Goodyear blimp. Turn one is at the lower left. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/ John R. Fulton Jr., File )

Nov. 04, 2019 09:27 AM EST
Penske Corporation Chairman Rodger Penske, left, and Hulman & Co. Chairman Tony Hulman George speak after a press conference at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Penske Corporation Chairman Rodger Penske, left, and Hulman & Co. Chairman Tony Hulman George speak after a press conference at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 12:50 PM EST
FILE - In this May 28, 2018, file photo, Indianapolis 500 champion Will Power, of Australia, poses with Roger Penske, left, and Tim Cindric, right, with the Borg-Warner Trophy during the traditional winners photo session on the start/finish line at the Indianapolis Motor Speedway in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday, Nov. 4, 2019, that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Darron Cummings, File)

FILE - In this May 28, 2018, file photo, Indianapolis 500 champion Will Power, of Australia, poses with Roger Penske, left, and Tim Cindric, right, with the Borg-Warner Trophy during the traditional winners photo session on the start/finish line at the Indianapolis Motor Speedway in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday, Nov. 4, 2019, that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Darron Cummings, File)

Nov. 04, 2019 10:32 AM EST
Hulman & Co. Chairman Tony Hulman George speaks during a news conference at Indianapolis Motor Speedway in Indianapolis Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. In the background is Roger Penske. (AP Photo/AJ Mast)

Hulman & Co. Chairman Tony Hulman George speaks during a news conference at Indianapolis Motor Speedway in Indianapolis Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. In the background is Roger Penske. (AP Photo/AJ Mast)

Nov. 04, 2019 12:41 PM EST
FILE - In this May 26, 2019, file photo, Simon Pagenaud, of France, crosses the start/finish line on the start of the Indianapolis 500 IndyCar auto race at Indianapolis Motor Speedway, in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Rob Baker, File)

FILE - In this May 26, 2019, file photo, Simon Pagenaud, of France, crosses the start/finish line on the start of the Indianapolis 500 IndyCar auto race at Indianapolis Motor Speedway, in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Rob Baker, File)

Nov. 04, 2019 08:37 AM EST
FILE - In this May 26, 1996 file photo, Tony Stewart leads Eliseo Salazar into the first turn during the 80th running of the Indianapolis 500 auto race at Indianapolis Motor Speedway. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday, Nov. 4, 2019, that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/ Amy Sancetta, File)

FILE - In this May 26, 1996 file photo, Tony Stewart leads Eliseo Salazar into the first turn during the 80th running of the Indianapolis 500 auto race at Indianapolis Motor Speedway. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday, Nov. 4, 2019, that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/ Amy Sancetta, File)

Nov. 04, 2019 10:39 AM EST
Penske Corporation Chairman Rodger Penske, left, and Hulman & Co. Chairman Tony Hulman George speak after a press conference at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Penske Corporation Chairman Rodger Penske, left, and Hulman & Co. Chairman Tony Hulman George speak after a press conference at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 12:49 PM EST
Penske Corporation Chairman Rodger Penske, left, and Hulman & Co. Chairman Tony Hulman George speak after a press conference at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Penske Corporation Chairman Rodger Penske, left, and Hulman & Co. Chairman Tony Hulman George speak after a press conference at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 12:50 PM EST
Penske Corporation Chairman Rodger Penske poses for a photo on the front straight away of the Indianapolis Motor Speedway following a news conference in Indianapolis Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Penske Corporation Chairman Rodger Penske poses for a photo on the front straight away of the Indianapolis Motor Speedway following a news conference in Indianapolis Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 12:50 PM EST
The main gate of the Indianapolis Motor Speedway is shown Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

The main gate of the Indianapolis Motor Speedway is shown Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 10:52 AM EST
FILE - In this May 29, 1994, file photo, Indianapolis 500 winner Al Unser Jr., right, celebrates with car owner Roger Penske after winning the 78th running of the race at Indianapolis Motor Speedway in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Al Behrman, File)

FILE - In this May 29, 1994, file photo, Indianapolis 500 winner Al Unser Jr., right, celebrates with car owner Roger Penske after winning the 78th running of the race at Indianapolis Motor Speedway in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Al Behrman, File)

Nov. 04, 2019 09:12 AM EST
Penske Corporation Chairman Rodger Penske, left, responds to a question as Hulman & Co. Chairman Tony Hulman George looks on during a news conference at Indianapolis Motor Speedway in Indianapolis Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Penske Corporation Chairman Rodger Penske, left, responds to a question as Hulman & Co. Chairman Tony Hulman George looks on during a news conference at Indianapolis Motor Speedway in Indianapolis Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 12:38 PM EST
FILE - In this May 26, 2019, file photo, Simon Pagenaud, of France, leads the field through the first turn on the start of the Indianapolis 500 IndyCar auto race at Indianapolis Motor Speedway, in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Darron Cummings, File)

FILE - In this May 26, 2019, file photo, Simon Pagenaud, of France, leads the field through the first turn on the start of the Indianapolis 500 IndyCar auto race at Indianapolis Motor Speedway, in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Darron Cummings, File)

Nov. 04, 2019 08:31 AM EST
Penske Corporation Chairman Rodger Penske gestures during a news conference at Indianapolis Motor Speedway in Indianapolis Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Penske Corporation Chairman Rodger Penske gestures during a news conference at Indianapolis Motor Speedway in Indianapolis Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 12:39 PM EST
FILE - In this Tuesday, May 30, 1950, file photo, thirty-three racers hit the starting line to begin the Memorial Day 500-mile race at the Indianapolis Motor Speedway Track in Indianapolis, Ind. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday, Nov. 4, 2019, that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/File)

FILE - In this Tuesday, May 30, 1950, file photo, thirty-three racers hit the starting line to begin the Memorial Day 500-mile race at the Indianapolis Motor Speedway Track in Indianapolis, Ind. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday, Nov. 4, 2019, that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/File)

Nov. 04, 2019 10:11 AM EST
Hulman & Co. Chairman Tony Hulman speaks during a press conference at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Hulman & Co. Chairman Tony Hulman speaks during a press conference at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 12:51 PM EST
Gate one is shown at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Gate one is shown at Indianapolis Motor Speedway in Indianapolis, Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 10:49 AM EST
The main gate of Indianapolis Motor Speedway in Indianapolis is shown Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

The main gate of Indianapolis Motor Speedway in Indianapolis is shown Monday, Nov. 4, 2019. Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/AJ Mast)

Nov. 04, 2019 10:51 AM EST
FILE - In this Jan. 16, 2019, file photo, Roger Penske holds his "Baby Borg" trophy in Detroit. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Paul Sancya, File)

FILE - In this Jan. 16, 2019, file photo, Roger Penske holds his "Baby Borg" trophy in Detroit. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Paul Sancya, File)

Nov. 04, 2019 09:11 AM EST
FILE - This is a Jan. 28, 2015, file photo, showing team owner Roger Penske listens to a question from the media during the NASCAR Charlotte Motor Speedway Media Tour in Charlotte, N.C. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Chuck Burton, File)

FILE - This is a Jan. 28, 2015, file photo, showing team owner Roger Penske listens to a question from the media during the NASCAR Charlotte Motor Speedway Media Tour in Charlotte, N.C. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Chuck Burton, File)

Nov. 04, 2019 09:29 AM EST
FILE - In this May 30, 1947, file photo, the pace lap of the Indianapolis 500 auto race is underway at the Indianapolis Motor Speedway in Indianapolis, Ind. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/File)

FILE - In this May 30, 1947, file photo, the pace lap of the Indianapolis 500 auto race is underway at the Indianapolis Motor Speedway in Indianapolis, Ind. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/File)

Nov. 04, 2019 08:50 AM EST
FILE - In this May 10, 1911, file photo, Ray Harroun wheels his No. 32 Marmon Wasp race car to victory in the inaugural Indianapolis 500-mile race, called the International 500 Mile Sweepstakes, on the Brickyard at the Indianapolis Motor Speedway in Indianapolis, Ind. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo)

FILE - In this May 10, 1911, file photo, Ray Harroun wheels his No. 32 Marmon Wasp race car to victory in the inaugural Indianapolis 500-mile race, called the International 500 Mile Sweepstakes, on the Brickyard at the Indianapolis Motor Speedway in Indianapolis, Ind. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo)

Nov. 04, 2019 08:47 AM EST
FILE - In this Sept. 8, 2019, file photo, Kevin Harvick, left, and Paul Menard lead the field into the first turn on the start of the NASCAR Brickyard 400 auto race at Indianapolis Motor Speedway, in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Michael Conroy, File)

FILE - In this Sept. 8, 2019, file photo, Kevin Harvick, left, and Paul Menard lead the field into the first turn on the start of the NASCAR Brickyard 400 auto race at Indianapolis Motor Speedway, in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/Michael Conroy, File)

Nov. 04, 2019 08:26 AM EST
FILE - In this Nov. 14, 1945, file photo, Eddie Rickenbacker, center, signs papers selling the Indianapolis Motor Speedway to Anton "Tony" Hulman Jr., left, as Wilbur Shaw, right, and T.E. Myers looks on in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/File)

FILE - In this Nov. 14, 1945, file photo, Eddie Rickenbacker, center, signs papers selling the Indianapolis Motor Speedway to Anton "Tony" Hulman Jr., left, as Wilbur Shaw, right, and T.E. Myers looks on in Indianapolis. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/File)

Nov. 04, 2019 08:45 AM EST
FILE - In this May 31, 1961, file photo, A.J. Foyt smiles in the garage area of the Indianapolis Motor Speedway after winning the Indy 500 for the first of four times. At right is Speedway president Tony Hulman. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/File)

FILE - In this May 31, 1961, file photo, A.J. Foyt smiles in the garage area of the Indianapolis Motor Speedway after winning the Indy 500 for the first of four times. At right is Speedway president Tony Hulman. Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. (AP Photo/File)

Nov. 04, 2019 09:04 AM EST