IndyCar boss not threatened by F1’s expansion into US

IndyCar boss not threatened by F1’s expansion into US

IndyCar and Indianapolis proprietor, Roger Penske, sees gentle in Formulation 1 increasing into america.

With America being a rustic with a wealthy racing heritage and present affect, it solely is sensible that Formulation 1 shall be internet hosting two new races this season.

In Could the game shall be heading the brand new Miami Worldwide Autodrome, a brief 3.36-mile observe constructed across the Arduous Rock Stadium that may function 19 corners.

Fives months later the Circuit of the Americas performs host to america Grand Prix.

Subsequent yr although, there’ll be a 3rd race in America, Formulation 1 asserting that it is going to be returning to Las Vegas.

Particularly focusing on the American viewers, the occasion shall be an evening race held on a Saturday.

This sudden affect of a brand new race collection in a market already inundated with various kinds of racing might make any observe or occasion proprietor frightened.

Reasonably than be involved in regards to the competitors for followers, Penske is taking all of the positives out of F1’s development and is trying ahead to seeing how he might use it to broaden IndyCar’s affect.

In an interview with RACER, Penske mentioned: “So I believe it is going to deliver extra race followers. However we’ll should compete.

“Now we have the range in IndyCar. Now we have high-speed ovals; there’s no Formulation 1 race the place they qualify at 230 miles an hour for 10 miles like we do at Indianapolis, in order that’s level primary.

“Quantity two, we’ve acquired road circuits, we’ve acquired highway programs, and we’ve acquired brief ovals and medium-size ovals. So I believe the differentiation, the range of IndyCar, is what makes us a unique product.

“They’re making an attempt to have an even bigger TV package deal right here, and that’s solely good for us. As a result of if there’s momentum on what the worth of the collection are, and I have a look at our TV numbers and their TV numbers are just about the identical from the standpoint of viewership, I believe that’s good for us.”

Spearheaded by Netflix’s F1 collection ‘Drive to Survive’, business rights holders of Formulation 1, Liberty Media, consider that there’s a large business marketplace for F1 in America.

This sparked the hearsay that they’d be trying to purchase Indianapolis from Penske in an try and develop unhindered in that area. When requested about promoting the well-known Brickyard, Penske wholeheartedly denied it.

“That’s the dumbest factor I’ve heard,” he mentioned. “Let me inform you this, it doesn’t make any sense to me. You can’t personal the Indianapolis Motor Speedway and never have the power to help IndyCar, or vice versa. IndyCar is nothing with out Indianapolis, and we’re all-in.

 

“There’s not sufficient cash that may even tempt me to promote it. I don’t must; I’m not in it for the cash. I’m in it for as a result of I really like the game, from a contest standpoint, from a advertising and marketing standpoint, from a know-how standpoint.

“As a household, we’ve taken on the accountability to take care of the enduring Indianapolis Motor Speedway and make it higher. So as soon as you’re taking a kind of elements off the automotive, you’re not going to run as properly. And let me say this: I’m usually not a man that sells something. I’m usually a man that buys issues. Proper?

 

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