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Racing’s Big Dog, Penske, Acquires Grand Prix Of Long Beach, Nation’s Top Street Race

Team Penske

The Acura Grand Prix of Long Beach, one of the premier and most-beloved street races in North America, has been acquired by Penske Entertainment, officials announced on Thursday, Nov. 14 — with representatives from both organizations describing the purchase as a way to further invest in the motorsports event.

Penske acquired the Grand Prix of Long Beach, which is preparing to celebrate its 50th edition next year, from longtime owner Gerald R. Forsythe. The 2025 Grand Prix of Long Beach will take place from April 11 to 13, with the titular NTT IndyCar Series race to be broadcast on Fox.

“We’re incredibly proud to be the new stewards of this cherished and iconic event,” said Roger Penske said in a statement. “This is the most historic and prestigious street circuit race in North America, and we’re excited to work with Jim Michaelian and his great team in Long Beach to ensure continued success and growth over the long term. This race and its loyal fans matter so much to everyone across the IndyCar community, and we’re looking forward to a very special 50th anniversary celebration this April, as well.”

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