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Features Roger Penske just bought Indy speedways

Discussion in 'The Hokey Ass Message Board' started by toml24, Nov 4, 2019.

  1. toml24
    Joined: Sep 23, 2009
    Posts: 1,559

    toml24
    Member

    Roger Penske just bought the Indy Motor Speedway.
    Wow!!!
     
    Last edited: Nov 4, 2019
  2. Deuces
    Joined: Nov 3, 2009
    Posts: 18,569

    Deuces
    Member
    from Michigan

  3. Speedwrench
    Joined: Nov 21, 2009
    Posts: 1,031

    Speedwrench
    Member

    And also the Indy Car racing series.
     
    Deuces likes this.
  4. I was just reading that article, look for some big changes & improvements, Roger Penske is a genius. HRP
     
    Blue One, Deuces, gggholson and 2 others like this.
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  5. oldiron 440
    Joined: Dec 12, 2018
    Posts: 1,507

    oldiron 440
    Member

    He's not worried about his next meal........
     
  6. Let's hope he puts the engine in the correct end of the car, and brings back dirt!!
     
  7. BadgeZ28
    Joined: Oct 28, 2009
    Posts: 1,044

    BadgeZ28
    Member
    from Oregon

    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.
     
    chryslerfan55 likes this.
  8. DDDenny
    Joined: Feb 6, 2015
    Posts: 13,456

    DDDenny
    Member
    from oregon

    That's the good news but I bet the cost of beer and hot dogs is going up.
     
  9. 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.
     
    chryslerfan55, Deuces and OLSKOOL57 like this.
  10. OLDSMAN
    Joined: Jul 20, 2006
    Posts: 2,424

    OLDSMAN
    BANNED

    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.
     
  11. 41rodderz
    Joined: Sep 27, 2010
    Posts: 4,756

    41rodderz
    Member
    from Oregon

    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?
     
    craig b blue and chryslerfan55 like this.
  12. 41rodderz
    Joined: Sep 27, 2010
    Posts: 4,756

    41rodderz
    Member
    from Oregon

    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.
     
    chryslerfan55 likes this.
  13. oldolds
    Joined: Oct 18, 2010
    Posts: 2,973

    oldolds
    Member

    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.
     
    chryslerfan55 likes this.
  14. Speedwrench
    Joined: Nov 21, 2009
    Posts: 1,031

    Speedwrench
    Member

    As someone on another board said " At least it didn't get sold to NASCAR or International Speedways ".
     
  15. Speedwrench
    Joined: Nov 21, 2009
    Posts: 1,031

    Speedwrench
    Member

    Time will tell. Tony George and his sisters have had the cost of things at the speedway dialed up to max for years.
     
    Last edited: Nov 4, 2019
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  16. 41rodderz
    Joined: Sep 27, 2010
    Posts: 4,756

    41rodderz
    Member
    from Oregon

    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.
     
  17. 41rodderz
    Joined: Sep 27, 2010
    Posts: 4,756

    41rodderz
    Member
    from Oregon

    A point I would like to know is Penske going still have his Indycar race teams as well as be the series owner.
     
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  18. 41rodderz
    Joined: Sep 27, 2010
    Posts: 4,756

    41rodderz
    Member
    from Oregon

    I got my answer. I guess he is keeping the teams.
     
  19. denis4x4
    Joined: Apr 23, 2005
    Posts: 3,490

    denis4x4
    ALLIANCE MEMBER
    from Colorado

    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.
     
  20. The37Kid
    Joined: Apr 30, 2004
    Posts: 27,122

    The37Kid
    Member

    Good for him! I admire the guy, hope the INDY 500 returns to the days when you could name the drivers. Bob
     
  21. Bandit Billy
    Joined: Sep 16, 2014
    Posts: 6,554

    Bandit Billy
    ALLIANCE MEMBER

    I heard they were going to have a moving van race series, I hope that happens.
     
    eddie1, Just Gary, 41rodderz and 8 others like this.
  22. tjm73
    Joined: Feb 17, 2006
    Posts: 3,367

    tjm73
    Member

    Indianapolis is a truly American race. I hope it returns to V8 powered race cars, turbo or otherwise.
     
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  23. aircap
    Joined: Mar 10, 2011
    Posts: 1,512

    aircap
    Member

    Roger can afford it, and besides - he's a smart cookie. He'll do well with it.
     
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  24. paintman27
    Joined: Apr 23, 2011
    Posts: 282

    paintman27
    Member
    from new jersey

    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.
     
  25. 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.
     
  26. Bert Kollar
    Joined: Jan 10, 2007
    Posts: 951

    Bert Kollar
    Member

    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
     
  27. 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
     
  28. paintman27
    Joined: Apr 23, 2011
    Posts: 282

    paintman27
    Member
    from new jersey

    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.
     
    tractorguy likes this.
  29. RmK57
    Joined: Dec 31, 2008
    Posts: 1,467

    RmK57
    Member

    It gives Logano, Keselowski and Blaney a hand up in a place to practice. Or would that be a conflict of interest with Nascar?
     
  30. oldtom69
    Joined: Dec 6, 2009
    Posts: 481

    oldtom69
    Member
    from grandin nd

    Penske will probably run the 500 on the damn road course!Penske only cares about Penske
     

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