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2019 Point Standings
After Laguna Seca
Rank Driver Points

1 Newgarden, Josef 641
2 Pagenaud, Simon 616
3 Rossi, Alexander 608
4 Dixon, Scott 578
5 Power, Will 550
6 Rosenqvist, Felix (R) 425
7 Herta, Colton (R) 420
8 Hunter-Reay, Ryan 420
9 Sato, Takuma 415
10 Rahal, Graham 389
11 Bourdais, Sebastien 387
12 Hinchcliffe, James 370
13 Ferrucci, Santino (R) 351
14 Pigot, Spencer 335
15 Kanaan, Tony 304
16 Andretti, Marco 303
17 Ericsson, Marcus (R) 290
18 Veach, Zach 271
19 Leist, Matheus 261
20 Jones, Ed 217
21 Harvey, Jack 186
22 Chilton, Max 184
23 Carpenter, Ed 161
24 Daly, Conor 149
25 Kimball, Charlie 117
26 O'Ward, Patricio (R) 115
27 Karam, Sage 39
28 Davison, James 36
29 Castroneves, Helio 33
30 Hanley, Ben (R) 31
31 Mann, Pippa 28
32 Kaiser, Kyle (R) 22
33 Hildebrand, JR 20
34 Servia, Oriol 16
35 Enerson, RC (R) 13
36 King, Jordan (R) 12

Rookie of Year Standings
1 Rosenqvist, Felix 425
2 Herta, Colton 420
3 Ferrucci, Santino 351
4 Ericsson, Marcus 290
5 O'Ward, Patricio 115
6 Hanley, Ben 31
7 Kaiser, Kyle 22
8 RC Enerson 13
9 King, Jordan 12

Manufacturer Standings
1. Honda 1436
2. Chevy 1387

Hulman & Company sells IndyCar to Roger Penske

Including Indy 500, the Speedway and IMS Productions
Monday, November 4, 2019

Advertisement

Tony George gave a background on how sale came down
Tony George gave a background on how sale came down
The Board of Directors of Hulman & Company announced today that it has entered into an agreement to be acquired by Penske Corporation, a global transportation, automotive and motorsports leader. Penske Entertainment Corp., a subsidiary of Penske Corporation, will acquire all Hulman & Company principal operating assets, including the Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions. The transaction will close following receipt of applicable government approvals and other standard conditions.

The acquisition by the Penske organization will carry the future of the legendary Speedway and the IndyCar Series forward for the next generation of racing fans.

It was the vision of Carl Fisher to build the Indianapolis Motor Speedway (IMS) in 1909 and the track hosted its first races later that year. Eddie Rickenbacker later purchased the Speedway in 1927 before selling it to Tony Hulman and Hulman & Company in 1945.

IMS has been the host of the world's largest single-day sporting event - the Indianapolis 500 Mile Race - for more than 100 years. The iconic venue has also hosted NASCAR, Formula One and other racing series events throughout its storied history. The NTT IndyCar Series continues to be the premier open-wheel racing series in North America and is one of the most competitive championships in the world. IMS Productions is a leading video services and production company.

"We recently approached Roger Penske and Penske Corporation about this opportunity and began working to put an agreement in place," said Tony George, Chairman of Hulman & Company. "The Indianapolis Motor Speedway has been the centerpiece and the cathedral of motorsports since 1909 and the Hulman-George family has proudly served as the steward of this great institution for more than 70 years. Now, we are honored to pass the torch to Roger Penske and Penske Corporation, as they become just the fourth owner of the iconic Speedway. There is no one more capable and qualified than Roger and his organization to lead the sport of IndyCar racing and the Indianapolis Motor Speedway into the future." 

Penske Corporation has a rich history of managing major motorsports properties, beginning with the acquisition of Michigan International Speedway in 1973. Over the course of its history, Penske and its subsidiaries have also operated the Grand Prix of Cleveland, Nazareth Speedway and California Speedway, along with investments in North Carolina Motor Speedway and Homestead-Miami Speedway. Penske Corporation currently promotes and operates the Detroit Grand Prix, hosted annually at the Belle Isle Park street circuit.

"My passion for racing began at the Indianapolis Motor Speedway in 1951 when I attended the Indianapolis 500 with my father," said Roger Penske, whose race team celebrated its 50th anniversary of first competing at IMS this year. "We have so much respect and appreciation for the history and tradition of the Speedway and the sport of IndyCar racing. I want to thank Hulman & Company for the opportunity to build on this legacy and it will be an honor for Penske Corporation to help lead these great institutions forward into a new era."

Roger Penske
Roger Penske
"The Indianapolis Motor Speedway, the Indianapolis 500 Mile Race and the NTT IndyCar Series have enjoyed considerable growth over the past decade, with significant increases in television, digital and social media audiences combined with record attendance at many of our race venues," said Mark Miles, President and CEO of Hulman & Company. "With their track record of business success, their venue, operation and event experience and their passion for motorsports, Roger Penske and Penske Corporation will help us take the IndyCar Series, the Indianapolis Motor Speedway and all of our properties to new heights. Everyone on our team looks forward to working with them to capitalize on the momentum that the Series and the Speedway have achieved."  

Hulman & Company's financial adviser was Allen & Company LLC, and its counsel was Ice Miller LLP for this transaction.

About Penske Corporation
Penske Corporation is a closely-held, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, including retail automotive, truck leasing, transportation logistics and professional motorsports. Penske Corporation manages businesses with consolidated revenues of more than $32 billion, operating more than 3,200 locations and employing more than 64,000 people worldwide. 

About Hulman & Company
Hulman & Company is committed to worldwide leadership in motorsports competition and entertainment through its three entities, the Indianapolis Motor Speedway (IMS), INDYCAR and IMS Productions. IMS is the world's largest spectator sporting facility and the most famous racetrack on Earth. INDYCAR is the Indianapolis-based sanctioning body for the fastest and most competitive open-wheel racing series, the NTT IndyCar Series. IMS Productions is a leading provider of motorsports and sporting entertainment experience solutions.

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