BREAKING NEWS: Roger Penske Buys Indianapolis Motor Speedway, IndyCar Series

In big motorsports news, Roger Penske and Penske Entertainment Corp. will be purchasing the Indianapolis Motor Speedway and the IndyCar Series from the Hulman family who has owned it for the last 74 years.

According to Yahoo News, and the Associated Press, there will be a press conference on Monday to announce the sale that is expected to close in January 2020. Roger Penske also owns Team Penske which consists of an IndyCar and NASCAR team.

There is a lot that we don’t know yet but we’ll be sure to fill you in as we know more details. You can watch the press conference at 11AM EST/10AM CST below.