Report: NASCAR, Roger Penske both pursuing 50% stake in Long Beach GP

The Long Beach Grand Prix has been a “staple on the IndyCar calendar since 1984” IndyCar

NASCAR has been “actively pursuing” the 50% stake in the Long Beach GP that became available for acquisition last year by the estate of the late businessman Kevin Kalkhoven, according to sources cited by Marshall Pruett of RACER. The Long Beach race has been a “staple on the IndyCar calendar since 1984” and outside of the Indianapolis 500, Long Beach serves as the “largest and most successful event on the IndyCar schedule.” Kalkhoven purchased the event in the 2000s in a 50-50 partnership with his friend and former Champ Car series owner and entrant Gerald Forsythe through Aquarium Holdings, LLC, and after Kalkhoven’s passing in 2022, his half of the race eventually went to market. Sources said that Roger Penske -- owner of Penske Entertainment and the NTT IndyCar Series -- is “attempting" to block NASCAR’s Long Beach move by "making a bid of its own” to buy Kalkhoven’s share (RACER, 3/26).