Hulman and Company CEO Mark Miles has confirmed that the sale of IndyCar, the Indianapolis Motor Speedway and IMS Productions to Roger Penske’s Penske Corporation will be completed on Monday January 6.

It was announced earlier this year that Roger Penske had agreed to purchase IndyCar, the Indianapolis Motor Speedway and IMS Productions from Hulman and Company.

Senior management within IndyCar including Mark Miles and IndyCar president Jay Frye will remain in their roles as will Indianapolis Motor Speedway president J Douglas Boles.

Miles has confirmed that some of Penske’s business to business partners will join the NTT IndyCar Series and the Indianapolis Motor Speedway.

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