Source: New York Post
Fox revved up its investment in auto racing by scooping up a 33% stake in Penske Entertainment, the Roger Penske-owned entity that holds Indianapolis Motor Speedway and IndyCar among its assets, the companies said Thursday. The sale was described as a strategic investment and partnership designed to launch new growth for IndyCar and includes a multi-year contract extension for Fox Sports’ media rights deal with the open-wheel series. Fox Sports is in its first season broadcasting IndyCar.
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