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Fox acquires 33% stake in IndyCar owner Penske Entertainment, extends media rights deal

Fox
New York Post Fews App News Provider
Fews App Post Time há 1d

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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