Hulman and Company President and CEO Mark Miles says that Penske Corporation’s acquisition of the Indianapolis Motor Speedway and, NTT IndyCar Series enables the sport and circuit to reach new heights.

It was announced on Momday that Roger Penske’s Penske Corporation through its Penske Entertainment subsidiary have agreed to purchase Hulman and Company, the parent company to the NTT IndyCar Series and the Indianapolis Motor Speedway.

Speaking at the announcement Miles said:

The Indianapolis Motor Speedway, the Indianapolis 500 Mile Race and the NTT IndyCar Series have enjoyed considerable growth over the past decade, with significant increases in television, digital and social media audiences combined with record attendance at many of our race venues. “With their track record of business success, their venue, operation and event experience and their passion for motorsports, Roger Penske and Penske Corporation will help us take the IndyCar Series, the Indianapolis Motor Speedway and all of our properties to new heights. Everyone on our team looks forward to working with them to capitalize on the momentum that the Series and the Speedway have achieved.”

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