The owner of the IndyCar Series and Indianapolis Motor Speedway adds the iconic, historic street race to its portfolio.

Roger Penske and Penske Entertainment made big news Thursday morning, that it is the new owner of the Long Beach Grand Prix. This comes five years after another surprise announcement, that Penske had purchased the Indianapolis Motor Speedway,

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.

Honoring the past and looking toward the future, the Acura Grand Prix of Long Beach is only getting bigger as Penske Entertainment joins forces with the Grand Prix Association of Long Beach to usher in a new era for the historic event in 2025 and beyond.