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Penske Entertainment is getting closer to presenting its team owners with what it hopes will be the final version of its first charter program. The company, which owns the NTT IndyCar Series, is ai…
Penske Entertainment is nearing the completion of its inaugural charter program for IndyCar team owners. The company plans to present the final version of the charter framework to entrants ahead of the May 26 Indianapolis 500. Initial discussions have shown progress, but a set of considerations and implications still need to be addressed. CEO Mark Miles emphasized the importance of starting the process, even if it may not meet every individual’s preferences. Modeled after NASCAR’s successful charter system, IndyCar’s program aims to provide financial security and value to team owners throughout the championship season. The introduction of charters would revolutionize the relationships between IndyCar and its teams, offering a structured entry process and commercial opportunities for long-standing entrants.
