Andretti Autosport owner, Chairman and CEO Michael Andretti says that Roger Penske’s acquisition of THE NTT IndyCar Series and the Indianapolis Motor Speedway through Penske Entertainment’s acquisition of Hulman and Company is positive news for the sport.

It was announced on Monday that the NTT IndyCar Series team owner’s Penske Group has agreed to purchase the assets of Hulman and Company which include the Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions.

Speaking about the news Andretti said:

“I think it’s positive news. Roger has always strived to do great things for both IMS and Indy car racing, and I’m sure he will continue to do so in this new ownership position. Both the Indy 500 and the NTT IndyCar Series have been on a rise and I look forward to the continued climb.”

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