Roger Penske, the legendary driver, team owner and now race-track executive, has bought the Long Beach Grand Prix, adding the race to a stable of open-wheel events that already includes the Indy 500.

Roger Penske on Thursday added the most prestigious street race in North America to his portfolio with the purchase of the Grand Prix of Long Beach. He bought the race from Gerald Forsythe, who owned half the event with the late Kevin Kalkhoven.

The next Grand Prix of Long Beach will be the 50th edition of the race weekend and is expected to include special events to mark the anniversary. The race will be broadcast on Fox on April 13.

Roger Penske and Penske Entertainment made big news Thursday morning, that it is the new owner of the Long Beach Grand Prix. This comes five years after another surprise announcement, that Penske had purchased the Indianapolis Motor Speedway,

Roger Penske has added the most prestigious street race in North America to his portfolio with the purchase of the Grand Prix of Long Beach.

Penske Entertainment has acquired the Grand Prix of Long Beach from Gerald R. Forsythe, the organization announced Thursday.

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

Long Beach's iconic street race has a new owner that’s deeply intertwined with the racing world — and IndyCar specifically.

Honoring the past and looking toward the future, the Acura Grand Prix of Long Beach is only getting bigger as Penske Entertainment joins forces with the Grand Prix Association of Long Beach to usher in a new era for the historic event in 2025 and beyond.

The owner of the IndyCar Series and Indianapolis Motor Speedway adds the iconic, historic street race to its portfolio.