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Roger Penske official owner of Indianapolis Motor Speedway

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One of biggest stories in auto racing this century is now official.

Penske Corporation announced Monday morning that the acquisition of Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions has been completed.

The sale to Roger Penske’s company had been announced Nov. 4 but took about two months to finalize.

“We are looking forward to carrying on the tradition of the Indianapolis Motor Speedway and IndyCar racing,” Penske said in a statement. “We have been diligently working with the teams at IMS, INDYCAR and IMS Productions over the last two months to ensure a smooth and productive transition and we are ready to hit the ground running.

“Now, it is time to get to work as we continue the growth of the Speedway and we build on the momentum of the NTT IndyCar Series.”

Penske now the fourth owner of famed track

INDYCAR CEO Mark Miles had told NBCSports.com in late December that Jan. 6 was the target date for making it official with Penske, who has toured the IMS property often over the last several weeks and already has begun directing many cleanup and improvement initiatives.

“People call it ‘Penske Perfect,’” Miles said. “This is a massive place, and it’s a venerable place. It’s hard to keep it up to that standard, and we haven’t. But it’s also habits. The way you look at your desk or a storage room or a closet. The day of the announcement, Roger walked around and looked in great detail at everything. I began to see the place differently within an hour. I saw it through Roger’s eyes.

“In a way, it was embarrassing. Under the excuse of budgets and tight money, we had not really been as attentive as we should be taking pride in the place.”

Penske is the fourth owner of the world’s most famous racetrack, where his cars have 18 victories in the famed Indianapolis 500. He has purchased IMS from Hulman and Co., which has owned and managed the track since 1945.

NASCAR will return to Indianapolis Motor Speedway with the 27th annual running of the Brickyard 400 on July 5, which will mark the debut of the race on July 4 weekend.

IndyCar teams with NASCAR on IMS road course doubleheader in 2021

IndyCar NASCAR doubleheader 2021
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The NTT IndyCar Series will be sharing Indianapolis Motor Speedway with the NASCAR Cup Series in a race weekend doubleheader for the second consecutive season, but both series will be on the road course in August 2021.

IMS announced Wednesday that IndyCar will hold an Aug. 14, 2021 race on its 14-turn, 2.439-mile road course. It’ll be a day before NASCAR’s premier series runs the same layout for the first time after the Brickyard 400 was contested on the 2.5-mile oval for the first time in 27 years.

This season’s rescheduling of the IndyCar GMR Grand Prix to July 4, 2019 (a day before the Brickyard 400) led to the first NASCAR-IndyCar doubleheader weekend. The Xfinity Series also raced on the IMS road course for the first time July 4 after the IndyCar race ended.

INDYCAR AT IMS THIS WEEKEND: Harvest GP schedule, entry lists

IndyCar will be holding its second race weekend this year at the IMS road course Friday and Saturday with the Harvest GP.

“Our first NASCAR-INDYCAR weekend was a big success last July, with positive feedback from
our loyal fans who watched the races on NBC and from the drivers, teams and participants
involved,” IMS president Douglas Boles said in a statement. “The Xfinity Series’ debut on the IMS road course provided exactly the kind of thrilling action from the green to checkered flags that we anticipated, so we know the teams and drivers of the Cup Series will put on a great show as they turn left and right for the first time at IMS.

“We can’t wait to welcome back fans to see NASCAR and INDYCAR together during this
exciting weekend as we add another memorable chapter in the long, storied history of the
Indianapolis Motor Speedway.”

It also will mark the first NASCAR Cup-IndyCar doubleheader with a crowd as fans weren’t permitted at IMS in July because of the novel coronvavirus (COVID-19) pandemic.

Over the course of Wednesday, NASCAR is releasing its 36-race slate for next season. IndyCar has yet to release its full 2021 schedule.