Fox Corporation Invests in INDYCAR

Fox Corporation has acquired a one-third interest in Penske Entertainment, operator of the INDYCAR motorsports competition.

The deal also sees FOX Sports renewing its media rights deal for INDYCAR. This year’s Indianapolis 500 on FOX averaged 7.01 million viewers. So far, the 2025 NTT INDYCAR SERIES season is averaging a 31 percent increase in viewership year-over-year.

“This partnership is built on long-standing trust and a shared vision for the future,” Roger Penske said. “FOX sees the incredible potential across our sport and wants to play an active role in building our growth trajectory. Lachlan Murdoch and his team, starting with Eric Shanks, are committed to our success and will bring incredible energy and innovation to INDYCAR.”

“We’re thrilled to join the INDYCAR ownership group at such a pivotal time for the sport,” said Eric Shanks, CEO and executive producer at FOX Sports. “INDYCAR represents everything we value in live sports—passionate fans, iconic venues, elite competition and year-round storytelling potential. This investment underscores our commitment to motorsports and our belief in INDYCAR’s continued growth on and off the track. We’re excited to help elevate the sport to new heights across all platforms.”