This is the first entry into IndyCar for Huski Chocolate, a company headquartered in Stockholm that already does business in Formula One with McLaren and with the English soccer club Millwall.
Penske joins Carl Fisher, who built the track in 1909, Eddie Rickenbacker, who purchased IMS in 1927 and the Hulman family as the only owners of the venue.
The lineup for one of the most popular events on the weekend of the Indianapolis 500 has been unveiled.
The show starts at 7 a.m. before the 104th Indianapolis 500.
Sébastien Bourdais is tied with Will Power for sixth on the all-time IndyCar wins list with 37 victories.
Race fans and News 8 racing analyst Tyce Carlson took on the question about a conflict of interest.
Roger Penske will be the fourth owner of the track.
In the town that holds the track, Carol Dykes bought a house 26 years ago "so that I could be close to the track."
A press conference is set for 11 a.m. Monday.
Hinchcliffe learned Sunday he was being replaced by 2018 Indy Lights Champion Pato O'Ward.