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Honoring the IndyCar Champion in Strength for 2022

Honoring the IndyCar Champion in Strength for 2022

Just six days after Penske driver Will Power wrapped up his second NTT IndyCar Series Championship, he’s back at Indianapolis Motor Speedway.

It was the last stop on the “Victory Lap” to win the 2023 IndyCar Series Championship, 17The tenth IndyCar National Championship for Team Penske. was also 42second abbreviation Penske’s team championship in all kinds of races.

The Victory Lap celebration was held at the Indianapolis Motor Speedway Hall of Fame, which has been converted into a banquet to honor the driver and crew on Team Penske.

But it was also an opportunity for Penske Entertainment CEO Mark Miles and IndyCar President Jay Frye to talk about the many business moves IndyCar is preparing to announce.

The first is the 2023 NTT IndyCar Series schedule.

It was August 7 in Nashville when Miles and Penske Entertainment Vice President Michael Monterey confirmed to Forbes that the schedule would not include any rollouts or additions from the 2022 schedule.

This means places that have had a hard time attending like Texas Motor Speedway on March 20, will get another chance in 2023. The 1.5-mile oval track is the second longest continuous place on the current IndyCar schedule, hosting its first race in 1997 .

I spoke with Miles less than two hours before the Victory Lap concert on Saturday night at Indianapolis Motor Speedway.

โ€œI think by the end of the month,โ€ Miles tells me in the lobby of the Indianapolis Motor Speedway Administration Building before last Saturday’s IndyCar Victory Gala at the IMS Museum. “We really want to think hard about the TV windows, what’s possible with NBC and what works with NBC with as many audiences as possible and fewer conflicts on TV and make sense to the point of view of events so they can sell tickets.”

Miles also spoke to the invite-only crowd attending the Victory Lap party and banquet and hinted at some other major business news that could be announced soon.

“Maybe we’ll have some interesting news in terms of extensions with NTT before long,” Miles told the audience, referring to the series’ sponsor NTT. โ€œI would also like to congratulate Linus Lundquist on starring in the Indy Lights. Before long, we may have a new name for it, but I won’t get into that tonight.โ€

NTT agreed to extend its contract on May 20, 2021 and appears to be already working on another contract extension with IndyCar.

Cooper Tyre is in its final year as a sponsor of the Indie Lights series. Next year, Firestone returns as the sole tire supplier for the development series.

Title sponsors for both series are very important and NTT appears to be very happy with their relationship with IndyCar.

While Team Penske enjoyed success on the track as its three drivers won nine of the 17 races on schedule and finished 1, 2 and 4 in the final championship, Penske Entertainment enjoyed successful business with the series’ sponsors.

“People Ready” Force for Good Challenge “will be a huge marketing idea to bring together results and philanthropy and talk about a variety of challenges in IndyCar,” Miles said. Unfortunately, Joseph Newgarden won $1 million before anyone knew the challenge had begun.

Look for more drama next year.

โ€œCan’t say enough about Hy-Vee and how they created a huge spark and a huge new jewel in the IndyCar crown.

โ€œShell is a new partner for us and a huge player in our sustainability aspirations and they have already made a huge impact.

โ€œGallagher is also new to us, and you will hear more about her to help us with our hospitality offerings. Bertek, American Legion, Autograph and Rove were very important to us as well.

Then there are the extensions that multiply led by Gainbridge. I can’t overstate how great they are as a partner also at TAG-Heuer and Dallara and maybe we’ll have some interesting news regarding extensions with NTT before long.

โ€œFor us, it has been a great season. We spent the whole day working on the next step. We couldn’t be more excited about next year. I guarantee it will be bigger and better.โ€

On the competition side of IndyCar, President Jay Fry spoke of the success all of its teams have had in 2022.

“The schedule will be announced in the next two weeks,” Frey said. โ€œThis year, a great track with a great group of people. With 35 drivers, we completed 87,000 laps. That was just in the race. It was 98,000 laps in the practice and qualifying count, so the credit goes to Chevrolet and Honda for their tremendous efforts.

“The tournament started in St Pete and for 17The tenth Season in a row, he came down to the last race of the season.

โ€œIowa State has been a great event. These are our mainstay fans who get out there early and spend the whole day.

โ€œWe had two drivers finish every lap of the season and two of them happened this year – Will Power and Scott Dixon.

“It’s amazing what our drivers do. Cooperation within teams is important.”

One of those drivers was seven-time NASCAR Cup Series champion Jimmy Johnson, who competed in IndyCar for the second year in a row but completed his first full season competing in every race.

Johnson has yet to announce how many races he’s competing in next season, or whether he’s taking his “Reinventing the Wheel” round to another form of racing, such as endurance competition. Johnson wants to win a Rolex 24 at Daytona and also compete as part of NASCAR’s Garage 54 entry at next year’s 24 Hours of Le Mans.

“I can’t say enough positive things about him as a person, as a professional athlete, as a competitor, driver and champion,” Miles said of Johnson. “We’ll take what we can get. He has to make up his mind.

โ€œHe’s been in motorsport for a very long time. More is better if he works with him.”

The Power Championship effort is once again sponsored by Verizon. The company completed 13The tenth consecutively as a sponsor of the Penske IndyCar team.

“I also want to thank Verizon for supporting this team in the last 217 consecutive races,” said Penske Team Principal Tim Sendrick. “There has been no better IndyCar team sponsor over the past 13 years, and we are proud to represent them on our team.”

At the age of 41, Bauer won his second championship by reinventing himself into a calmer, more calculating driver. That came with one and nine podium wins in 2022.

By comparison, teammate Joseph Newgarden led the series with five wins, but only six on the podium.

This is why he finished 16 points behind Power in the final standings of the tournament.

โ€œWhat a year,โ€ Bauer said as he accepted his awards. “What an extraordinary year that comes from one of the worst seasons personally. We’re back with a vengeance.

“I want to thank Roger and Kathy Pinsek for everything they’ve done for me over the years. I wouldn’t stand here and have the numbers I have had it not been for what Roger has done for me. I get a car every week that is capable of winning the pole, the races, the championships, and the Indianapolis 500. I am grateful. Too much for that.”

The Force has proven itself as a great driver during a highly competitive period in IndyCar racing. He racked up 41 wins to put him fifth on the all-time IndyCar win list, a 2018 Indianapolis 500 victory, two championships, and a career pole record 68.

He did so in an era when he had to defeat Dario Franchetti, Scott Dixon, Helio Castroneves, Dan Weldon and Joseph Newgarden – all of whom are very successful drivers in their careers.

“There’s no doubt he’s in the upper class,” Miles said. “I love the guy. He’s so much fun to be around, and I think fans get that. What are they going to get today when he’s tuned in?”

โ€œIt was great to see him adjust his character in the cockpit this year to be more patient. But he’s had a long, distinguished career and he’s fast. In the end, that’s all there is to it.

โ€œWe are proud of him, he is a great champion and it is great to know that he will stay for such a long time.

“It’s been a very tough competition throughout his career which is why by all accounts he is number one in the sport in every respect.”

Power believes in rejuvenating all forms of open wheel racing, and more needs to be done on the business side to help propel IndyCar to the top.

“This chain is growing,” Bauer said. “With open wheel racing so popular now because of Formula One, it’s really time to push the money behind it, put the money behind it and go now and take IndyCar to another level because we have the best racing product in the world.”

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