Michael Andretti says the time was right for him to step aside from his ownership of Andretti Global.

In news that sent shockwaves across the NTT INDYCAR SERIES on Friday, Michael Andretti handed over control of Andretti Global to his business partner Dan Towriss, owner of Group 1001.

Speaking to the AP News agency on Sunday, Andretti said that he turns 62 next week and became a Grandfather for the first time recently.

Andretti also confirmed that Roger Penske had nothing to do with the decision for him to walk away.

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