Author Topic: Penske buys Indy - track and race series  (Read 556 times)

98SVT - was 06GT

  • SAAC Member
  • Hero Member
  • *
  • Posts: 547
    • View Profile
Previous owner 6S843 - GT350H & 68 GT500 Convert #135.
My toy 1998 SVT Cobra, Wife's toy 2004 Tbird
Member since 1975 - priceless

CSX 4133

  • SAAC Member
  • Hero Member
  • *
  • Posts: 503
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #1 on: November 04, 2019, 03:19:58 PM »

Hopefully he lives up to the promise of venue improvements. Due to it's location I wonder if more races can be expected in the long term due to noise restrictions (especially at night) with 24hr races. But I like the possibilities with Penske ownership.
~Steven

 6S1806 B.Prod.Shelby

jguyer

  • SAAC Member
  • Sr. Member
  • *
  • Posts: 335
  • Any man that eats chili, can't be all bad.
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #2 on: November 04, 2019, 04:24:11 PM »
Sounds like he's planning more types of entertainment there.
This is a test of the Emergency Broadcast Warning System.

Don Johnston

  • SAAC Member
  • Hero Member
  • *
  • Posts: 663
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #3 on: November 04, 2019, 04:38:49 PM »
Does it say when the deal will be completed? 8)

Rukiddin

  • Newbie
  • *
  • Posts: 10
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #4 on: November 04, 2019, 07:22:13 PM »
Damn,and I was going to buy it........day late,dollar short. MANY dollars  ;D

shelbydoug

  • SAAC Member
  • Hero Member
  • *
  • Posts: 2036
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #5 on: November 04, 2019, 07:55:07 PM »
It was Penske that tried to block SAAC from getting Pocono the first time. I wouldn't put it past him to cancel out Indy on SAAC.

427heaven

  • Hero Member
  • *****
  • Posts: 780
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #6 on: November 04, 2019, 10:29:28 PM »
I don't think it was Roger himself, but he has been on the board of directors for eons. :-\

FL SAAC TONY

  • SAAC Member
  • Hero Member
  • *
  • Posts: 4560
  • original posts more than McDonalds over 1 billlion
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #7 on: November 04, 2019, 10:48:02 PM »
Convention this year should be safe

"Terms of the deal were not immediately disclosed but Penske said the transaction will should be finalized by January 2020 following approval from the federal government."


Does it say when the deal will be completed? 8)
« Last Edit: November 04, 2019, 10:50:08 PM by FL SAAC TONY »
These cars are meant to be driven, so enjoy the hell out of all of it. Not just the look of it when its all clean. Carroll Shelby

A person without a sense of humor is like a wagon without springs. It's jolted by every pebble on the road.

Florida S.A.A.C. diverse and inclusive.

shelbydoug

  • SAAC Member
  • Hero Member
  • *
  • Posts: 2036
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #8 on: November 05, 2019, 11:54:16 AM »
I don't think it was Roger himself, but he has been on the board of directors for eons. :-\

Kopec thought it was Penske himself on the other line. Maybe Roger just didn't care for Ken? He didn't want the old cars dripping oil all over his track. It would seem that Penske is THE major contributor to NASCAR and INDY car racing so he carries a lot of weight with them.

My car doesn't drip oil but I might?
« Last Edit: November 05, 2019, 11:56:07 AM by shelbydoug »


98SVT - was 06GT

  • SAAC Member
  • Hero Member
  • *
  • Posts: 547
    • View Profile
Re: Penske buys Indy - track and race series
« Reply #10 on: November 05, 2019, 08:17:00 PM »
Damn,and I was going to buy it........day late,dollar short. MANY dollars  ;D
If it's like his other deals he's been known to sell 49% of the operation for 100% of the purchase/build price. It ends up to be a great deal for the buyers and him as they always make a lot of money. Kinda like all the places around the world that have paid Trump a licensing fee to put his name on their hotel and golf course.
Previous owner 6S843 - GT350H & 68 GT500 Convert #135.
My toy 1998 SVT Cobra, Wife's toy 2004 Tbird
Member since 1975 - priceless