The news that the Penske Corporation has acquired Hulman and Company including the Indianapolis Motor Speedway and the NTT IndyCar Series came out of the blue on Monday but is a massive boost for the series.

The NTT IndyCar Series has seen massive growth in recent years and with the return of old circuits such as Laguna Seca and Richmond Raceway along with the addition of new teams such as Arrow McLaren SP and Andretti Harding Steinbrenner Autosport the sport goes from strength to strength.

The news on Monday is fantastic for the future of the NTT IndyCar Series and the Indianapolis Motor Speedway and will help to attract new partners to the sport commercially and makes the sport even more attractive to potential investors.

Penske is recognized around the world and within the US as a fantastic businessman and as a promoter he has had fantastic success within IndyCar with the Belle Isle Grand Prix so it will be fantastic to see what what his organisation will bring to the series and the Speedway going forward.

It is also fantastic news for motorsport generally as it shows the world how popular the NTT IndyCar Series is and presents the series and the Indianapolis Motor Speedway with a tremendous opportunity.

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