Roger Penske, the legendary driver, team owner and now race-track executive, has bought the Long Beach Grand Prix, adding the race to a stable of open-wheel events that already includes the Indy 500.
Roger Penske didn’t invent motorsports. But he certainly found a way to dominate it, winning 17 championships in the IndyCar series he owns and five NASCAR titles. His drivers have won the Indy 500 a record 20 times, which may be one reason he decided to buy that track as well.
The event was the shared property of Forsythe, 87, an American businessman and auto racing magnate, and Kalkhoven, his Australian-born partner. After Kalkhoven died in 2022, his estate put its 50% stake in the race up for sale and Forsythe bought it last March, promising to keep it an IndyCar event while also preparing to sell.
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