Penske Entertainment acquires Grand Prix of Long Beach IndyCar race

It is the longest-running major street circuit race in North America, according to IndyCar, with its 50th edition on April 13 and IndyCar will “further enhance this can’t-miss celebration of speed and Southern California motorsport culture for years to come,” according to the news release.

The three-day race weekend regularly attracts more than 190,000 fans to the 1.968-mile course surrounding the Long Beach Convention & Entertainment Center, the news release said. The 2024 race had the largest crowd in the modern IndyCar era. The Grand Prix Foundation of Long Beach has donated more than $4.2 million to charity, according to the release.

“We’re incredibly proud to be the new stewards of this cherished and iconic event,” Roger Penske said in the news release. “This is the most historic and prestigious street circuit race in North America, and we’re excited to work with (president and CEO) Jim Michaelian and his great team in Long Beach to ensure continued success and growth over the long term. This race and its loyal fans matter so much to everyone across the IndyCar community, and we’re looking forward to a very special 50th anniversary celebration this April, as well.”