Penske Entertainment Acquires Long Beach Grand Prix
Penske Entertainment has acquired the Long Beach Grand Prix, adding the iconic Southern California street race to its portfolio, which includes the NTT IndyCar Series and the Indianapolis Motor Speedway. The acquisition comes as the event approaches its 50th anniversary in 2025. Penske plans to retain the current promotions team led by CEO Jim Michaelian, ensuring continuity and growth for the race, which is a key event in the IndyCar calendar and also features the IMSA WeatherTech SportsCar Championship.