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Penske Entertainment has purchased the Long Beach Grand Prix. The acquisition adds the popular Southern California street race founded by Chris Pook and Dan Gurney in 1975 to a portfolio that inclu…
Penske Entertainment recently acquired the Long Beach Grand Prix, a famous street race in Southern California founded by Chris Pook and Dan Gurney in 1975. The acquisition expands Penske’s portfolio, which already includes the NTT IndyCar Series, the Indianapolis Motor Speedway, and the Detroit Grand Prix. In addition, Penske Entertainment is also involved in events like the Iowa Speedway, Milwaukee Mile, and the upcoming Arlington Grand Prix in 2026. The purchase by Penske puts an end to speculation about NASCAR or Formula 1 taking over the event, following Gerry Forsythe becoming the sole owner. The Acura Grand Prix of Long Beach CEO, Jim Michaelian, expressed excitement about the future of the event under Penske’s stewardship as the race approaches its 50th anniversary in 2025. Penske himself emphasized the importance of the event and its fans, looking forward to celebrating the 50th anniversary in April.
