Roger Penske is purchasing the Indianapolis Motor Speedway and the NTT IndyCar series. Forbes talked to not only Penske but Mark Miles, the CEO of Holman & Co. after the blockbuster announcement.
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“Number one, how we run our business I respect the business with Jay Frye, and Kyle Novak and the team, and I’d be disappointed if they put their foot on the scale in my favor,” Penske said. “I will not be on the pit box on race day for any of the IndyCar races. What I want to do is gain more respect from the owners by showing that we can all get together, with me being the catalyst to help build the IndyCar series.
“You know, in 2015-16 we had about $90 million to invest in the speedway,” said Miles. “We had legislators campaigning for the idea of lighting, so we looked at it. But I agree with Roger on this, [lighting] is something we could do, but we have to make sure that we make smart investments to fuel growth. Lighting has not been a top priority.”Penske is a huge player in not only IndyCar, but NASCAR as well.
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