IndyCar has entered a new phase as FOX acquires a significant ownership position in Penske Entertainment, the parent company of IndyCar and the Indianapolis Motor Speedway. This transaction, reported by the Wall Street Journal, values the deal between $125 million and $135 million, marking FOX as a major stakeholder from 2024 onward. The move has generated widespread reaction among IndyCar’s elite drivers and key figures, with Scott McLaughlin and other top personalities expressing enthusiasm about the sport’s forward momentum.
Drivers and Industry Leaders Voice Enthusiasm Over FOX Partnership
Scott McLaughlin of Team Penske shared his excitement on social media, highlighting his optimism about the partnership’s potential. Likewise, Conor Daly, a host on Speed Street and driver for Juncos Hollinger Racing, praised FOX’s commitment to IndyCar’s future, calling it “fantastic.” The sentiments were echoed across the motorsport community, with notable voices reinforcing optimism for growth and innovation.
Will Buxton, a respected motorsport commentator, described the investment as “huge news” reflecting FOX’s strong belief in IndyCar’s potential, emphasizing that the commitment comes
“from the very top and echoes at every level.”
IndyCar President J. Douglas Boles also commended FOX’s approach, referring to the network as
“not just a broadcast partner, but a true partner invested in growing the sport!”
Alexander Rossi added to the enthusiasm, simply declaring,
“This is big. Exciting times ahead.”
Roger Penske Highlights Vision and Trust Behind the Deal
Roger Penske, who has owned the Indianapolis Motor Speedway and the highest class of open-wheel racing in America since 2019, addressed the deal in a statement. At 88, Penske underscored that this partnership was driven by a shared long-term vision for IndyCar’s growth. He specifically commended FOX’s leadership, including Lachlan Murdoch and Eric Shanks, describing their commitment as a critical driver for the sport’s future innovation and expansion.
“This partnership is built on long-standing trust and a shared vision for the future. FOX sees the incredible potential across our sport and wants to play an active role in building our growth trajectory. Lachlan Murdoch and his team, starting with Eric Shanks, are committed to our success and will bring incredible energy and innovation to INDYCAR.”
—Roger Penske, Owner of Penske Entertainment
This collaborative approach is expected to foster immersive content and greater promotional opportunities, benefiting drivers and fans alike as IndyCar rounds out its 2025 season. With Round 15 scheduled in Portland next week, the timing could not be more critical to capitalize on this heightened attention and investment.
Growing Momentum for IndyCar’s Future Under New Partnership
The entry of FOX as a substantial stakeholder signals a renewed vigor for IndyCar, promising to elevate the sport’s reach and fan engagement through innovation and strategic broadcasting efforts. For drivers like McLaughlin, Daly, and Rossi, the deal hints at a brighter, more dynamic future, while leaders like Penske and Boles anticipate accelerated growth and deeper collaboration. As the season progresses, all eyes will be on how this partnership unfolds and reshapes the landscape of American open-wheel racing.