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With sale complete, Roger Penske bullish on future of IndyCar, Speedway

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The Captain likes what he sees in the waters ahead of him.

Roger Penske made a special guest appearance Thursday on SiriusXM NASCAR Radio’s “Trading Paint” and is very bullish on what’s ahead for the NTT IndyCar Series and Indianapolis Motor Speedway.

Penske recently acquired both entities in a sale from Hulman & Co. that officially closed this past Monday. 

“I looked at it as an opportunity,” Penske told co-hosts John Roberts and Chocolate Myers. “And to me, if the legacy can go down that we can take this track, none of us can say whether we did a better job than they did after 74 years.

“I guess my first grade card is how we do in the first year in making a difference at the track in 2020. We’re completely focused on that. We’re going to make several millions of dollars of investments before the month of May. It’s not to create more revenue or profit bottom-line, it’s entirely what can we do to make the guest and fan experience better.

“That’s what we want to do. We have a number of things on our mind and we’re going to announce a lot of those things on 100 days out. We’ll have some announcements that will be exciting and hopefully the experience will be what we expect to provide to the guests that come to the track.”

The voice of the normally stoic Penske cracked slightly when asked what he thought when the sale was complete and the pride of 16th and Georgetown in Indianapolis was his after 74 years of ownership by the Hulman-George family.

“I did one thing,” he said, as his voice slightly quivered. “I looked up in the sky and said to my dad, ‘thanks’ because he took me there (for the first time) when I was 14 years old.”

He then continued about the significance of the track where his teams have captured a record 18 Indianapolis 500s.

“I’ve been there every year since that day in ’51,” Penske said. “It’s amazing what it brings to us. It’s an amazing place and certainly from our family, my son Greg who was very important in building California Speedway.

“I was fortunate here on the (January) 7th after we completed the transaction to be invited by the governor to go downtown and go to the (Indiana state) Senate along with Tony (George), Mark Miles, my son Greg and I and have the Senate read and approve a declaration of the day and many of the senators got up and spoke about the history of the Speedway and their families, and then we did the same thing at the House. It was just amazing.

“Understand that this is the Holy Grail of the state of Indiana. They told stories about being in the state of Alaska in 1981 when Bobby Unser won the race and then they took it away because they looked at TV and said he passed when he blended — and they were arguing about it in Alaska.

“You just think about the reach of this place. Our responsibility is it’s a treasure, it’s iconic and something from my perspective it’s just exactly what built our brand. … Certainly winning there 18 years, finally winning the Brickyard, winning on the road course, you can’t just say it happens. It takes so many great people that have given us the opportunities to be winners, so I just have to thank them. And I thank my dad … and here we are.”

Penske is also equally bullish on the future of NASCAR as the series begins to implement a number of changes over the next few years.

Those include the change from one series entitlement sponsor as in past seasons in favor of four across the course of the year, as well as a revised schedule (with the potential of more schedule alterations in 2021 and beyond).

There’s also the highly anticipated next-generation car slated for 2021, a push to attract additional car manufacturers and more new sponsors and an industry-wide focus on cost cutting.

“One of the main things NASCAR is trying to do is take costs out,” Penske said. “People say speed costs money, how fast do you want to go? But I think we’re at a limit where we have to go the other way.

“To me, the cost is key. The schedule is going to be different, I understand, but its also going to give other teams the ability to raise sponsorships and if the costs are cut by 30 or 40 percent, it’s going to allow new people to join the sport, which I feel is very, very important as we go forward.

“We need new owners, more new drivers that want to come in with maybe a new team, some of the new things they’ve announced on pit stops, and there’s a lot of discussions going on with NASCAR.”

Another area that Penske, who turns 83 next month, is also very bullish is even closer to home: the shakeup of shifting all three NASCAR Cup crew chiefs in his organization earlier this week:

“You have to look at the talent you have both on and off the track and people have been together a number of years,” Penske said. “It’s like any person in any job, people like a change and it motivates them.

“We felt we had three great guys and great drivers and we said, ‘Let’s change it up this year and let’s see what happens.’ This isn’t because anybody asked for it or not. … We sat down and said what can we do differently than to have a bigger spoiler or engine that can motivate our guys going forward. It was pretty much made before Christmas … and the guys are off and running.

“I think it’s good. You see people moving crew chiefs and drivers moving around, but this is part of our business plan and part of the way we run our business.”

To further illustrate Team Penske’s one-for-all and all-for-one mantra, the organization’s patriarch said there were no objections among the three crew chiefs that they were shifted, nor from their drivers.

“I don’t know who spun out or didn’t because they wouldn’t tell me, but everybody reported to work so that’s the only true test I can have,” Penske said with a laugh, before drawing serious again. “Everybody was on it and wanted to go forward.

“So let’s see what the result is. It’s going to be interesting. When you start working with someone new, there’s new ideas and it’s not the same old, same old. This business is moving so fast, we have to be better as a whole team, not just crew chiefs and drivers.

“We had a good season, it wasn’t a bad season, but it wasn’t a championship season and we’re in the business of winning championships. … Sometimes it makes sense to give someone another opportunity in another job and that’s what we did.”

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‘One and Only’ Kyle Larson wins Outlaws opener at Knoxville Raceway

Kyle Larson wins Knoxville
Paul Arch/World of Outlaws
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The magic of dirt racing wins for Kyle Larson continued Thursday night at Knoxville Raceway, where he scored his third consecutive World of Outlaws victory at the famed half-mile track to open “The One and Only.”

After starting 10th, Larson sliced through the field and passed pole-sitter Logan Schuchart to lead the final eight laps in the No. 57 of car owner Paul Silva.

“Just an awesome race,” Larson said after earning $10,000 for his second consecutive NOS Energy Drink Sprint Car Series victory (after winning at Pevely, Missouri, last Saturday), his sixth Outlaws victory this season and 14th of his career.

LARSON ON NASCAR‘I’d love an opportunity if it came’

“I was able to track Logan down and hit the bottom really well in (turns) 1 and 2 and got a run on him.  It felt like I needed to take advantage of that before we got to heavier traffic and slid him and felt some contact. So, glad to see him not in the wall or anything like that. Just, hard work there. Heartbeat is up again.”

Kyle Larson wins Knoxville
Kyle Larson scored his sixth World of Outlaws victory Thursday (Trent Gower/World of Outlaws).

It was the fourth Knoxville victory this year for Larson, who swept a World of Outlaws doubleheader weekend June 12-13 at the Sprint Car Captial of the World. He has more than 30 victories this year in sprint cars and midgets.

The One and Only continues Friday night with another $10,000 feature race that will set the starting lineup for Saturday’s Brownells Capitani Classic, which pays $50,000 to win.

The event is the Outlaws’ richest purse of 2020 and subs in for the annual Knoxville Nationals, which was canceled for COVID-19 concerns. Larson, a two-time Knoxville Nationals runner-up, has said winning The One and Only would be on the same as Knoxville’s signature event because of its tough three-day format.

Through the first of three nights, Schuchart and Larson are tied for second in The One and Only points standings, which factor in qualifying, heats, dash and feature races. Aaron Reutzel, an All Star Circuit of Champions stalwart who finished third Thursday, leads with 430 points.

A crash in Thursday’s 25-lap feature eliminated past Outlaws champions Brad Sweet and Donny Schatz after Cory Eliason spun in front of Sweet in Turn 1 to start the wreck, which also collected Sweet’s teammate, James McFadden. Sweet and Schatz finished outside the top 20, which moved Schuchart into the points lead for the 2020 season.

Schuchart still seemed slightly miffed after finishing second to Larson.

“As the race went on, I felt like I wasn’t hitting my marks as good,” he said. “I would have liked to of had a little bit better of a race with Kyle there. I wish his slide job was a little better there, but he’s got a reputation to live up to. That’s where you let other people make the rules and maybe we’ll get him next time.”


RESULTS

NOS Energy Drink Feature (25 Laps) – 1. 57-Kyle Larson [10]; 2. 1S-Logan Schuchart [1]; 3. 87-Aaron Reutzel [2]; 4. 2-Carson Macedo [24]; 5. 41-David Gravel [6]; 6. 21-Brian Brown [7]; 7. 71-Spencer Bayston [3]; 8. 18-Gio Scelzi [15]; 9. 12N-Joey Saldana [5]; 10. 5-Ian Madsen [19]; 11. 17A-Austin McCarl [21]; 12. 1A-Jacob Allen [11]; 13. 7BC-Tyler Courtney [16]; 14. 7S-Jason Sides [20]; 15. 24-Rico Abreu [22]; 16. 4-Terry McCarl [13]; 17. 2KS-Brooke Tatnell [18]; 18. O9-Matt Juhl [23]; 19. 17-Sheldon Haudenschild [25]; 20. 83-Daryn Pittman [9]; 21. 11K-Kraig Kinser [17]; 22. 15-Donny Schatz [8]; 23. 26-Cory Eliason [4]; 24. 49-Brad Sweet [12]; 25. 9-James McFadden [14]; Lap Leaders: Logan Schuchart 1-17, Kyle Larson 18-25; KSE Hard Charger Award: 2-Carson Macedo[+20]

Kyle Larson wins Knoxville
Kyle Larson celebrated with his family and team after the first night of The One and Only (Trent Gower/World of Outlaws).