In a major move to help restore integrity to his racing operation and business empire, Roger Penske has issued some severe penalties to four key members of management at Team Penske ahead of the 108thIndianapolis 500
the owner of racing teams whose drivers have won 24 IndyCar Series titles and four NASCAR Cup Series championships. The billionaire closed a deal in 2019 that was reportedly valued at up to $300 million to acquire Indianapolis Motor Speedway, the site of the Indianapolis 500, as well as the whole IndyCar Series.
Following that acquisition, Team Penske has won the 2022 IndyCar Series championship. This year, the team got off to a strong start as all three of its drivers finished in the top four at the St. Petersburg Grand Prix, which opened the season. The race on NBC drew slightly under one million viewers, which is 18% fewer than the ’23 race. Meanwhile, IndyCar is still negotiating a new media-rights deal. Nevertheless, IndyCar stated late on Wednesday night that
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