Andretti Global team co-owner and Chairman Michael Andretti has publicly aired his frustration with Penske Entertainment Corporation and Roger Penske over their ownership of the series and the lack of investment in sport.

Speaking to select media outlets at the Firestone Grand Prix of St Petersburg presented by RP Funding on Friday, Andretti said that Roger Penske, who bought the series and the Indianapolis Motor Speedway in 2020 needs to decide what he wants to do with the sport.

Andretti suggested that Penske needs to invest at least $100 million in the series in order to compete with NASCAR, IMSA and Formula One or sell the series.

Six of the teams in the series met last month to discuss their concerns about the future direction of the sport with Penske Entertainment Corporation.

One of the suggestions tabled was the idea of Formula One owner Liberty Media potentially purchasing the series.

At the end of February, all ten teams in the NTT INDYCAR SERIES met with Penske Entertainment Corporation to air their views.

Meanwhile, Chip Ganassi, owner of Chip Ganassi Racing criticised Michael Andretti for airing his views in public.

Speaking on Friday in St Pete, Ganassi said he felt it was not a good idea for Andretti to speak out.

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