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, the Indianapolis 500 and IndyCar.
By acquiring the Acura Grand Prix of Long Beach, Penske owns both the largest single-day paid sporting event in the world with the Indianapolis 500, and the biggest street race in North America at Long Beach…