Roger Penske

Roger Penske will not pretend he is not disappointed he can't open the gates to spectators for his first Indianapolis 500 as steward of the iconic event. Penske purchased Indianapolis Motor Speedway in January and spent an additional $15 million on capital improvements for an enhanced fan experience. Without fans roaming the property and celebrating at downtown Indianapolis establishments, the buildup to Sunday's race has lacked the energy that elevates the Indy 500 into a world-class event.

Indianapolis Motor Speedway and the IndyCar Series have been sold to Penske Entertainment Corp. in a stunning Monday announcement that relinquishes control of the iconic speedway from the Hulman family after 74 years. Tony Hulman bought the dilapidated speedway in 1945 and brought racing back to the corner of 16th St. and Georgetown Ave. after a four-year hiatus following World War II. The speedway spun off multiple other subsidiaries, including the IndyCar Series and Indianapolis Motor Speedw

1967 Chevrolet Corvette L88 Roadster – Lot 270 Unsold at $1,550,000

Although he hasn't been to LeMans since the '70s, Roger Penske has apparently told AutoSport that he would 'love' to compete again at the 24 Hours of Le Mans. After taking the ALMS LMP2 class title this year with the dominating Porsche RS Spyders, it's not too surprising to hear he might want to tackle the big show too.

The Detroit Grand Prix appears to be returning to the schedule thanks to Roger Penske. Penske is going to be holding a press conference today along with Detroit Mayor Kwame Kilpatrick. AutoWeek is reporting that the race will return to Belle Isle, which last hosted a race in 2001. That was a CART race. This will be an IRL race. Plus ALMS. By including ALMS, there will be more corporate sponsorship opportunities for the race and hopefully more funding available to make it work.