Fox Corporation Acquires One-Third Interest in Penske Entertainment 

From Indycar. My thoughts will be posted in a bit.
 Strategic Investment and Partnership Launches New Era of Growth Across INDYCAR that Includes a Multi-Year Extension of INDYCAR’s Media Rights with FOX Sports

INDIANAPOLIS (Thursday, July 31, 2025) – Penske Entertainment and Fox Corporation (“FOX” or the “Company”) (Nasdaq: FOXA, FOX), the parent company of FOX Sports, today announced an investment in the future of North America’s premier open-wheel racing series, with FOX’s acquisition of a one-third interest in Penske Entertainment, inclusive of INDYCAR and the iconic Indianapolis Motor Speedway.
The investment is expected to supercharge a new era of growth for the NTT INDYCAR SERIES, the most competitive and dynamic motorsport on the planet. This includes: Innovative and industry-leading racing and entertainment events. A hyper-engaged digital strategy and immersive content focus. Enhanced promotion and star-building opportunities for NTT INDYCAR SERIES drivers
Today’s announcement also includes a multi-year extension of INDYCAR’s media rights with FOX Sports.“This partnership is built on long-standing trust and a shared vision for the future,” Roger Penske said. “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.”
FOX Sports acquired INDYCAR’s media rights in 2025, bringing fresh promotional resources and significantly larger reach to the NTT INDYCAR SERIES. This year’s Indianapolis 500 on FOX averaged 7.01 million viewers, a 41 percent increase over the previous edition and a 17-year high. So far, the 2025 NTT INDYCAR SERIES season is averaging a 31 percent increase in viewership year-over-year
“We’re thrilled to join the INDYCAR ownership group at such a pivotal time for the sport,” said Eric Shanks, CEO & Executive Producer, FOX Sports.
“INDYCAR represents everything we value in live sports — passionate fans, iconic venues, elite competition and year-round storytelling potential. This investment underscores our commitment to motorsports and our belief in INDYCAR’s continued growth on and off the track. We’re excited to help elevate the sport to new heights across all platforms.”

This news builds on wider momentum across the sport, marked by rising attendance and record crowds at several events this year, including a sell-out of the Indy 500.
INDYCAR has invested heavily in digital growth recently, launching a new mobile APP, web site and fantasy platform while also generating 1 million new social followers. The SERIES will also add a new showcase to its calendar in 2026, racing through Arlington’s entertainment district through a first-of-its-kind joint venture with the Dallas Cowboys and Texas Rangers. 
The NTT INDYCAR SERIES is the only premier motorsport in North America with every race on U.S. network television. It features an international field of the world’s most versatile drivers who compete on superspeedways, short ovals, street circuits and permanent road courses.
The 2025 season continues with the Grand Prix of Portland on Sunday, Aug. 10 at 3 p.m. ET on FOX.
Also, part of the Penske Entertainment family, the world-famous Indianapolis Motor Speedway is annually home to the largest single-day spectator sporting event on the planet, the Indianapolis 500. This year’s “The Greatest Spectacle in Racing” featured a crowd of more than 300,000 people. The famed venue is steeped on more than a century of racing heritage and has the largest seating capacity of any sporting venue across the globe.
About Penske EntertainmentPenske Entertainment is a leading provider of world-class sports and entertainment, encompassing INDYCAR and the Indianapolis Motor Speedway. It is a subsidiary of Penske Corporation, a closely-held, diversified, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, in retail automotive, truck leasing, transportation logistics and professional motorsports. Penske Corporation manages businesses with consolidated revenues of more than $45 billion, operating in over 3,300 locations and employs more than 73,000 people worldwide.
About Fox CorporationFox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group. These brands hold cultural significance with consumers and commercial importance for distributors and advertisers. The breadth and depth of our footprint allows us to deliver content that engages and informs audiences, develop deeper consumer relationships, and create more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com.
About FOX SportsFOX Sports is the umbrella entity representing Fox Corporation’s wide array of multi-platform US-based sports assets. Built with brands capable of reaching more than 100 million viewers in a single weekend, the business has ownership and interests in linear television networks, digital and mobile programming, broadband platforms, multiple web sites, joint-venture businesses and several licensing relationships. FOX Sports includes the sports television arm of the FOX Network; FS1, FS2, FOX Soccer Plus and FOX Deportes. FOX Sports’ digital properties include FOXSports.com and the FOX Sports App, which provides live streaming video of FOX Sports content, instant scores, stats and alerts to iOS and Android devices. Also included in FOX Sports’ portfolio are FOX’s interests in joint-venture businesses Big Ten Network and the UFL and a licensing agreement that established the FOX Sports Radio Network.
CONTACTS:Penske Entertainment: Alex Damron, Adamron@brickyard.com
FOX Sports: Andrew Fegyveresi, Andrew.Fegyveresi@fox.com
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of FOX’s businesses. More detailed information about these factors is contained in the documents FOX has filed with or furnished to the Securities and Exchange Commission, including FOX’s Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.Statements in this press release speak only as of the date they were made, and FOX undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in FOX’s expectations, except as required by law. 

Race Recap: Java House Grand Prix of Monterey

After six very good races in a row, IndyCar produced a rather dull show yesterday at Weather Tech Raceway Laguna Seca. The winner was never in doubt as Alex Palou won his eighth race of the season. The Chip Ganassi Racing driver should clinch the title at the next race in Portland.

Palou has a chance to finish the season with a record 11 wins should he sweep the rest of the schedule. A. J. Foyt won 10 races in 1964, and Al Unser, Sr. matched that victory total in 1970. Mario Andretti won nine times in 1969.

There were a couple of interesting on track battles, the best of which was between Colton Herta and Christian Lundgaard for second place late in the race.

Pato O’Ward did not get the start he needed from second place and had to settle for fourth place. He lost 22 points to Palou. If O’Ward does not gain 14 points on Palou at Portland, the championship is officially over.

Where is Race Control?

Once again race control dropped the ball and failed to throw an immediate yellow flag after Marcus Ericsson spun and stalled with his car sitting on the track in a dangerous spot on lap 77. It seemed to be at least a lap before the caution flag came out.

I believe the flag was held so that Alex Palou and other cars could pit. Allowing pit stops is not a good reason to withhold a necessary yellow. For those in the “No one should have their race ruined by a yellow crowd, I say, “breaks of the game.” Should a baseball umpire not call ball four on a high and wide pitch because it will spoil a pitcher’s no hitter?

Yes, Palou was the fastest car Sunday, but things happen, and the fastest car sometimes loses out because of circumstances. Ericsson’s car was in a vulnerable position and created a potential for a collision. One day, race control will get bitten by this dangerous practice of waiting to display a caution flag. I hope we don’t have to wait until something bad happens to see a change in procedures.

Ilott’s Great Drive

Callum Ilott gave Prema its best finish of the year, finishing sixth after starting 24th. He made several passes and used great pit strategy to advance. PREMA has done a very respectable job in their first IndyCar season, winning the pole for the Indianapolis 500 and now has two top 10 finishes for the season. Rookie Robert Shwartzman is just four points behind Louis Foster for Rookie of the Year.

Rookie Race

Louis Foster now leads Shwartzman by four points for Rookie honors with three races left. The pair entered yesterday’s race tied in points. Each has won a pole, Shwartzman has two top 10 finishes, while Foster’s best finish is 11th.

The rooie title will come down to the season finale at Nashville.

Laguna Seca Race Day; Tire Selections

Alex Palou can’t clinch the title today, but he could set up a celebration in Portland. Today is probably Pato O’Ward’s last shot at keeping a title chase in play. I’m sticking with my original pick of Colton Herta to win today.

I have a commitment this afternoon, so I will watch the race this evening on replay. Look for my post race story tomorrow.

Starting Tire Selections

Qualification Results

It is fitting that the top two drivers in the championship will start tomorrow’s race in the front row. A welcome back to the Fast Six to Will Power and Josef Newgarden. Four of the top six have won at Laguna Seca.

A 30 minute session, which will serve as the pre race warm up, will take place at 7 pm Eastern this evening. It will be shown on FS2.

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Revised Schedule: Qualifying Groups

Practice has been canceled. The new schedule with Eastern times.

Today:
When fog lifts more, INDY NXT Quals FS1
2:30 pm: INDYCAR Quals FS1
4:30 pm: INDY NXT Race (35 Laps, 4:36p Green) FS2
7-7:30 pm INDYCAR Warmup FS2

Sunday:
1p: INDY NXT Race 2 (35 Laps, 1:06p Green) FS1
3p: INDYCAR Race FOX (95 Laps, 3:22p Green)

Qualifying groups based on yesterday’s practice:

Practice 1 Results

A wild session with lots of off track excursions and two red flags. Alexander Rossi slid into the tire barriers and sustained some right front damage. Josef Newgarden spun off track and got stuck in the sand.

Pato O’Ward doesn’t think this title fight is over.He led most of the session.

From yhesterday:

Practice 2 is at 11:30 Eastern and qualifying is at 2:30 Easte3rn. Both sessions are on FS1.

Results

Returning to My Roots

The first auto race I ever saw in person was on dirt. It was the 1958 Hoosier Hundred at the Indiana State Fairgrounds. It was part of USAC’s Championship trail. which included the Indianapolis 500, Milwaukee, Trenton, Sacramento, and Du Quoin, Illinois- a mix of pavement and dirt tracks. Somewhere in the next two years I went to a sprint race on dirt. Needless to say, I was captivated.

Dirt tracks eventually faded from the public eye and from major racing series, but I still remember what fun those races were. I loved the flying dirt, and was impressed witht he car control the drivers displayed, wheel their powerful machines sideways through the turns.

Last night Indianapolis Motor Speedway brought some of that back with the opening round of Indiana Sprint Week. The track has hosted the BC39 midget races for several years now. Don ‘t get me wrong, I really enjoyed the times I have watched them. Sprint cars, however, are a n entirely different beast, while sprinters are not as nimble as the midgets, they are larger and have more power. Basically, they throw more dirt and are a bigger handful on the short tracks.

Justin Grant, last night’s feature winner, admitted to not really liking the short tracks. I can see why. They are a lot of work.

Sprint cars had a 20 lap exhibition race as part of the BC39 last September. Last night was the first full Sprint car program at the IMs dirt track. I think it was fitting to add the sprinters to complement the midget program. It makes for a full return to the roots of the 500.

Through the Dust and Smoke

The 35 lap feature race had some of the best racing I have seen this year. The heavy air created a dust cloud which hung in turn 2. The occasional breeze blew the dust into t5urn three where your intrepid reporter sat. I am still shaking dust out of my hair and eyes. Of course, small chunks of dirt from turn also showered the spectators.

Robert Ballou, who started on pole and led the first 19 laps, lost two cylinders and his emitted plumes of white smoke the rest of the way. In turn 2, the smoke and the dust combined to make the cars nearly disappear for a second or two. Ballou somehow finished third.

Justin Grant was the driver of the night. He set a track record in qualifying at 12.039 seconds, finished second in his heat races, and started the feature in fifth. He held off Logan Seavey, who started eighth, for the win.

Grant is a great driver. He knows when to go high, when to go low, and when to attack. I could see it in his heat race. Grant relentlessly goes right after people. The only reason he did not win his heat was there wasn’t enough time in a 10 lap heat, which was interrupted by a couple of caution flags. If I were a driver, Grant is the last person I would want to see coming up behind me.

It’s a shame we will never see him in IndyCar or the Indianapolis 500. I saw Grant in the BC39, which he also won. He was by far the best driver in the field.

Now that IMS has fully returned to its roots, I need to follow the Speedway’s lead. I am going to plan to got more sprint and midget programs next year. There are a couple of dirt tracks I have wanted to go to, but time and priorites have kept me from attending. Next year, that changes.

Laguna Seca Preview

Maximize and minimize. The final four races of the IndyCar season come down to those goals for two drivers. Pato O’Ward has to maximize the number of points each weekend to cut into the 99 point deficit he faces. Alex Palou has to minimize how many points he loses to O’Ward.

Palou won this race from the pole in 2024, his second win at laguna Seca. O’Ward has never finished higher than fifth here.

The Java House Grand Prix of Monterey begins the last quarter of the season, and it is the last race in a stretch of of five races in four weeks, and the results may further tighten Palou’s hold on the title or give O’Ward a bit more of a chance.

The picturesque track in Monterey, California, has hosted 27 IndyCar races beginning in 1983 with a 15 year gap after the 2004 race. The track served as the season finale until last year.

I received news yesterday that the famous Corkscrew sign no longer graces the hilltop near the highest point of the track. I hope there are signs to replace it.

In addition to the tiny bit of intrigue at the front of the standings, there is a terrific battle for 10th place going on. David Malukas is in 10th right now, seven points ahead of Rinus VeeKay and 19 points up on Santino Ferrucci. Malukas trails Will Power by four points for ninth place.

Only three drivers have won the last three races at this venue- Palou in 2022 and 2024; Colton Herta in 2019 and 2021; and Scott Dixon in 2023. I would not be surprised if one driver from this trio isn’t atop the podium on Sunday. I think Herta finally gets his first win of the season this weekend.

This weekend will likely be filled with 2026 schedule talk and silly season speculation, or possibly some confirmations.

This weekend’s schedule: Times are Pacific. Note Sunday’s IndyNXT race is on FS2.

Grant Finds IMS Victory Lane Again in Indiana Sprint Week Opener 

Editor’s note: From IMS. I will have my story up later today, plus a preview of IndyCar at Laguna Seca.

 INDIANAPOLIS (Thursday, July 24, 2025) – Justin Grant continued his knack for winning at Indianapolis Motor Speedway, capturing the opening race of the 38th annual USAC NOS Energy Drink Indiana Sprint Week Presented by Honest Abe Roofing on Thursday night at The Dirt Track at IMS.Grant added his seventh USAC AMSOIL Sprint Car National Championship victory this season and 61st of his career to a win in the USAC NOS Energy Drink Midget National Championship feature on the opening night of the BC39 Presented by Avanti Windows & Doors on July 1 at The Dirt Track.
Grant, from Ione, California, also won the BC39 feature race in 2023 on the 1/5th-mile dirt oval inside Turn 3 of the 2.5-mile IMS oval.
“It’s the Indianapolis Motor Speedway,” Grant said. “I probably raced a little rougher than most of the sprint car guys like to race, but I come in here off the BC39, and maybe old habits die hard. I want to win at this place.”
Grant, who started fifth in the 20-car field, took the lead for the first time and for good with 16 laps remaining in the 35-lap feature. He earned $10,000 for the victory in the No. 4 TOPP Motorsports car.Logan Seavey finished second in the No. 57 Abacus Racing car, followed by pole sitter Robert Ballou in the No. 12 Ballou Motorsports machine.
Ballou led the first 19 laps, but Grant used both the top and bottom grooves of the clay oval to climb from fifth to second. With 16 laps to go, Grant used the high line in Turns 3 and 4 to power past Ballou, whose car started to emit white plumes of smoke from its left side.Seavey passed Ballou for second on the next lap and set his sights on Grant.
A three-car tangle in Turn 2 triggered the final caution of the feature race with nine laps to go.
Grant got a strong jump on the restart, pulling away slightly. But Seavey found grip and slid under Grant in Turns 1 and 2 to nose slightly ahead with eight laps remaining. But Grant used the low line to quickly power ahead of Seavey on the back straightaway and eased away over the final seven laps for the prestigious victory.
“It was really, really tough,” Grant said. “The pace was really fast, and the top was so fast you had to kind of make some things happen there. I’m sure I didn’t make too many friends, but I wanted to get down here to Victory Lane.
“I love racing here. I think this little track is amazing. I’m the biggest hater of small racetracks in the world, and one of my favorite ones is this one. It’s kind of funny. We’ve really come a long way on our short-track stuff. I’m kind of a half-mile kind of guy. Just super excited to be here.”
USAC Indiana Sprint Week, a cornerstone of sprint car racing in the Hoosier State since 1988, has captivated fans for decades with its thrilling action and rich legacy. The 2025 Indiana Sprint Week schedule consists of eight events at eight different racetracks across a 10-night span between July 24-Aug. 2.
C.J. Leary captured the only previous visit by the USAC National Sprint Cars to The Dirt Track at IMS in September 2024, a 20-lap, non-points exhibition race during the BC39.]
The focus at the Racing Capital of the World now turns to Brickyard Weekend, featuring the Pennzoil 250 for the NASCAR Xfinity Series on Saturday and the Brickyard 400 presented by PPG for the NASCAR Cup Series on Sunday. Practice for both series takes place Friday. Visit IMS.com to buy tickets or for more information.