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Penske Entertainment Acquires Long Beach Grand Prix from Gerald R. Forsythe Ahead of 50th Running

Nov 14, 2024, 01:01 PM

Penske Entertainment has acquired the Grand Prix Association of Long Beach, LLC, from longtime owner Gerald R. Forsythe. This acquisition includes the prestigious Acura Grand Prix of Long Beach, which is the longest-running street race in North America and is approaching its 50th running. The purchase ensures that the event will remain centered around IndyCar long into the future, preventing F1 or NASCAR from making a run at the event. Roger Penske, the legendary driver and team owner, expressed pride in becoming the new steward of this iconic event, which now joins a portfolio that includes the Indy 500.