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Roger Penske reacts after selling $135M IndyCar stake to FOX
Roger Penske bought the American open-wheel racing series and the Indianapolis Motor Speedway in 2019 and set his targets on taking the series back to its glory days. As a part of this vision, Penske Entertainment signed a contract with FOX for the media rights of the racing series.
Penske Entertainment has sold a one-third interest in the company to Fox. The deal is described as a strategic investment to boost IndyCar’s growth. It includes a multi-year contract extension ...
The news of Fox Corporation’s purchase of a 33-percent stake in Penske Entertainment was warmly received in all corners of ...
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