![]() ![]() ![]() First was the $80 million sale of baking soda company Clabber Girl in May, followed by search for a buyer for the racing properties. When matriarch Mari Hulman George, daughter of Tony Hulman, died last November her four children began to divest the family portfolio. It’s about we have done something to create a brand around the world and the fact we’ve been able to make this iconic race continue in a way that can’t be tarnished.” We give ourselves our own report card and it’s not always about the bottom line. That means more than the money or more than anything else. “We support the Hoosiers in the state, the governor, the city, the county, the region and certainly the town of Speedway. To think about how our family, all of our family, hopefully we’ll be here 70 years, I won’t obviously, but we’ll have the same impact and give the same support,” he said. “When you walk around here and stand out there with no people, you have to pinch yourself to understand what has really happened. “This demonstrates if you have something in your mind and your DNA, that if you work on it, and you are committed and you’ve got a good team around you, you can come to an intersection like this where the Hulman-George family would come to me - I didn’t solicit them - and say, ‘There’s an opportunity here,'” Penske said in an interview with The Associated Press. The 82-year-old Penske knows IMS better than most, but he wanted to get a closer look at what is likely the crowning achievement of his lifelong devotion to motorsports. Roger Penske, the billionaire businessman and racing enthusiast with a long history of excellence in motorsports. He sought out the only person he knew who not only shared his love and respect for the speedway but had the resources and unwavering desire to preserve the Indy 500 as a global spectacle: After painstaking research, the family decided the time had come to give it all up - and George was uneasy turning it over to a corporation or conglomerate that might very well ignore 110 years of history and tradition. Hulman’s grandson, Tony George, now runs the showcase Indianapolis 500 race, the sprawling speedway and all things racing that the family treasures. The hulking grey structure had been in the Hulman family since Tony Hulman purchased it in 1945, and generations over seven decades since have poured everything into the speedway to uphold its status as a beloved slice of Americana, a place where championships are earned every Memorial Day weekend and heartbreak, even death, is familiar. But more than that, there is a legacy to worry about - and not just his. There is work to be done at the speedway, lots of work before it can be the entertainment mecca he envisions. Roger Penske spent part of Tuesday walking Indianapolis Motor Speedway, using a cool, sunny day to look over the historic venue that will soon be his. Digital Replica Edition Home Page Close Menu ![]()
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