The Jalopy Journal
Discussion in 'The Hokey Ass Message Board' started by toml24, Nov 4, 2019.
Roger Penske just bought the Indy Motor Speedway.
And also the Indy Car racing series.
I was just reading that article, look for some big changes & improvements, Roger Penske is a genius. HRP
He's not worried about his next meal........
Let's hope he puts the engine in the correct end of the car, and brings back dirt!!
Damn. That had to be a huge chunk of money. I think the same family has owned the facilities for many years. I wonder why they decided to sell? Could be a good thing? As the old saying goes We Will See.
That's the good news but I bet the cost of beer and hot dogs is going up.
I hope someone writes the biography someday of Roger Penske. The man is a business genius. What's he have, like 13 Indy 500 wins as an owner? Remarkable man. His business empire is a marvel.
It would be nice to have Indy return to the glory that it once had. If anyone can do it Roger Penske would be the man.
He never kept any other race track he owned , so would not hold my breath. Makes me wonder if it is for the love of the sport, a flip for profit or he has a long term plan business portfolio?
Plus it will all fall into Jay Penske and Penske Corporation board of directors laps sooner than later. I hope they are all in on keeping the sports health as one of the primary points of focus.
Hmmm 82 years old. A little late in life to take on that project. Just my opinion. I am sure he has people to do the work. I could not imagine the amount of work to keep a racing series and large track going.
As someone on another board said " At least it didn't get sold to NASCAR or International Speedways ".
Time will tell. Tony George and his sisters have had the cost of things at the speedway dialed up to max for years.
Speedwrench all I have to say to that is "Amen". Now if Penske would buy Nascar and all of NASCAR's assets it would make me feel a lot better.
A point I would like to know is Penske going still have his Indycar race teams as well as be the series owner.
I got my answer. I guess he is keeping the teams.
Interesting factoid was mentioned in a FOX Business round table last week that Penske was in line to buy GM out of BK but the powers that be restructured the deal so the bond holders were screwed and the UAW came out on top.
Good for him! I admire the guy, hope the INDY 500 returns to the days when you could name the drivers. Bob
I heard they were going to have a moving van race series, I hope that happens.
Indianapolis is a truly American race. I hope it returns to V8 powered race cars, turbo or otherwise.
Roger can afford it, and besides - he's a smart cookie. He'll do well with it.
Back when he bought our local dirt track (Nazareth), he was treated like the second comming of Christ. He quickly bulldozed the dirt track. Then he ran the big track into the ground and refused to sell it to anybody who wanted to operate it as a race track. Now it sits with weeeds growing up through it and the town loosing all the revenue it generated. In my opinion he's a piece of shit.
That was next to the old Nazareth 1/2 mile track. I was there for a race maybe in 1985 or 1986, went over climbed up to look it at the 1-mile new track, which was dirt at the time. I believe he tried to run up against Syracuse one year and lost his shirt.
Roger was a Cleveland boy. I used to see him at Manners drive in restaurant in a '49 or '50 Ford with a Chevy. He's come a long way. He once bought a early MG I wanted
He must've got tired of going across town to see hies trophies, so he bought the trophy case. Hope to see it come back to some fun stuff like the 94 marlboro team
At that time the big track, and 1/2 miler track was owned by Jerry Freid. Jerry leased the track to former Reading track promoter Lindy Vicari. Lindy restored the big track and ran up against syracuse in 85. Kenny Brightbill was the winner. I was there, the place was packed to the gills. Know way he lost money.
Eventualy Jerry Freid sold both tracks to Penske. As soon as Rodger got possesion of both tracks he promptly sold the 1/2 miler to a real estate developer who built a strip mall on the property. And that was the end of the track infamous for being the place Mario Andretti started his racing career.
As for the big track, Penske sunk millions into to paving the track and upgrading the facilities. Then he ran the track it into the ground. The stands got tore down and moved to Watkins Glen. He then sold off the track to another developer who went bankrupt after promising the town he was going to build an arena for a minor league hockey team on the site.. 20 years later, the remaining parts of the track sit like a giant shit hole eye sore in the town of Nazareth. If you poke around youtube you can find a documentary that Mario just did on the track. Very sad.
It gives Logano, Keselowski and Blaney a hand up in a place to practice. Or would that be a conflict of interest with Nascar?
Penske will probably run the 500 on the damn road course!Penske only cares about Penske
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