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Motorsport

FOX Corporation acquires one-third stake in IndyCar owner Penske Entertainment

IndyCar Fox Penske Entertainment Fox Corporation Entertainment Eric Shanks Fox Sports Indianapolis Motor Speedway

FOX Corporation has acquired a one-third ownership stake in Penske Entertainment, the parent company of IndyCar and the iconic Indianapolis Motor Speedway. Financial terms were not disclosed.

The announcement, made jointly on Thursday by Penske Entertainment and FOX, marks a significant investment in the continued growth of the IndyCar Series and coincides with a multi-year extension of IndyCar’s media rights agreement with FOX Sports.

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