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The Independent UK

National

Jenna Fryer

Roger Penske sells a third of Indianapolis Motor Speedway and IndyCar to Fox

IndyCar Roger Penske Fox Indiana Indianapolis Motor Speedway Penske Entertainment Fox Sports Entertainment Eric Shanks

Penske Entertainment, the Roger Penske-owned entity that holds Indianapolis Motor Speedway and IndyCar among its assets, said Thursday it has sold one-third interest in the company to FOX.

The sale was described as a strategic investment and partnership designed to launch new growth for IndyCar and it includes a multi-year contract extension for Fox Sports' media rights deal with the open-wheel series. Fox Sports is in its first season broadcasting IndyCar.

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