Hulman & Co. CEO Mark Miles is revving up an ambitious plan to overhaul the IndyCar Series and Indianapolis Motor Speedway management team. He wants to develop a revenue-sharing plan that assures the series and the tracks that host its races are motivated to roll in the same direction.
Passes for parking inside the third turn for the Indianapolis 500 and Brickyard 400 NASCAR race went on sale Monday. Front-row parking spaces cost $75 while additional general parking spaces will sell for $25.
George had resigned in October after submitting a proposal to purchase IndyCar. He cited a conflict of interest as his reason for stepping down. He was allowed to return because he's no longer trying to regain control of the series.
The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
IndyCar has released Lotus from its contract, leaving Chevrolet and Honda as the only two engine suppliers for the upcoming season.
Hulman & Co., which owns Indianapolis Motor Speedway and the IndyCar series, has chosen board member and local economic development leader Mark Miles as its new CEO, the firm announced Tuesday morning.
The IndyCar Series is approaching a three-pronged fork in the road, and the path its leaders choose will have long-lasting implications for the Indianapolis Motor Speedway and Indianapolis 500.
IndyCar Series officials insist the open-wheel circuit is on the right track despite a drop in its television ratings, tepid attendance and persistent rumors that it will be sold and its CEO will be fired.
The Sports Business Journal is reporting that former Indianapolis Motor Speedway CEO Tony George has assembled an investor group that includes race team owners Chip Ganassi, Roger Penske, Michael Andretti and Kevin Kalkhoven to buy the IndyCar Series.
Direct-to-consumer marketing of star drivers could be just what the series needs to boost interest, TV ratings.
For this Indy guy, there is nothing that says Indy—or Indiana—like the Indy 500.
A Speed.com report claims IndyCar founder Tony George and a handful of team owners are behind a charge to have Randy Bernard fired. Also listed were team owners John Barnes, Kevin Kalkhoven, Michael Andretti and his father, Mario.
Dario Franchitti landed $2,474,280 from an overall purse of $13,285,815 for Sunday's victory. The four-time series champion from Scotland became just the 10th driver to win IndyCar's signature event at least three times.
Fans sought shade under the grandstands and beneath umbrellas. Misting stations got a healthy workout. But Sunday's Indianapolis 500 won't go down in the record books as the hottest in the 101-year history of the race.
Dario Franchitti stamped his name in the record books by winning his third Indy 500 on Sunday, a day that started and ended as a tribute to Dan Wheldon, who won the race a year ago but was killed in an October crash in the IndyCar season finale.
Gearheads are sure to be excited over the new engine and chassis package at the Indianapolis 500 this year, but IMS and IndyCar Series officials hope the highly publicized changes will be enough to grab the attention of more casual fans and create an attendance and TV ratings boost.
The Indianapolis Motor Speedway is selling advertising along the world-famous, 103-year-old race course for the first time ever, a break with tradition that promises to boost its financial firepower as racetracks nationwide are struggling.
IBJ follows driver E.J. Viso and his team of engineers and mechanics during a sometimes-frustrating practice day at the Speedway.
The 26-year-old Venezuelan driver E.J. Viso hopes this year's Indy 500 will be his next step toward a breakout season, propelled by greater patience, a new race engineer and the tutelage of Jimmy Vasser.
