(AP Photo/AJ Mast, File)

(AP) -- Roger Penske completed his purchase of Indianapolis Motor Speedway on Monday, becoming just the fourth owner of the historic facility and subsidiaries that include the IndyCar Series.

The speedway had been owned by Tony Hulman and Hulman & Co. since 1945, but the family approached Penske in September for advice when Tony George and his three sisters decided to sell. Penske jumped at the opportunity.

Penske first attended the Indianapolis 500 in 1951 as a teenager and has missed only six runnings of “The Greatest Spectacle in Racing” since. His 18 victories in the Indy 500 as a car owner are a record, and Simon Pagenaud swept the month of May for Team Penske last year.

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