JHR Reaction: Fox Corporation acquires 1/3 Interest in Penske
Today’s announcement that Fox Corporation has acquired a 1/3 interest in Penske Entertainment marks a major milestone for the entire INDYCAR community. As one of the teams that races week in and week out, we see this development as a bold statement of confidence in where our sport is headed.
At its core, this move brings together two powerhouse institutions: a global media company with decades of sports broadcasting experience, and a motorsports platform rich in history, innovation, and fiercely passionate competition.
For teams like ours, this means opportunity.
Opportunity for broader reach.
Opportunity for fresh experiences.
And opportunity to grow the business of racing.
We’re excited about what this partnership can further unlock, from enhanced broadcast coverage, to more integrated storytelling, to innovative fan experiences that stretch beyond the track and into homes and devices across the country. Fox’s investment isn’t just financial, it’s creative. And we expect that to ripple through everything from race day broadcasts to how new fans discover and engage with INDYCAR.
Steve Sudler, Chief Revenue Officer of JHR: “Fox Corporation’s investment in the sport sends a message of confidence to every partner in the paddock. I am sure that our current and prospective partners are thrilled to see such a powerful and respected media company increase its investment in the INDYCAR sports property. This creates incredible momentum for marketing, sponsorship, and fan engagement—and it opens the door to even larger and stronger partnerships across the board. The energy around INDYCAR continues to build, and we’re excited to be part of this next chapter of growth.”
Dave O’Neill, Team Principal of JHR: “The announcement of Fox’s investment in INDYCAR is a strong signal that the momentum around our sport is real, and growing. It brings new energy, greater visibility, and long-term confidence to everyone in the paddock. As a team, we’re excited to see where this new era takes us and proud to be part of it.”
Ricardo Juncos, Co-Owner of JHR: “This partnership between Fox and INDYCAR is a game changer.
It gives our sport the visibility and platform it truly deserves. For a team like ours, built on passion, resilience, and long-term vision, this is both a moment of validation and a catalyst for growth.
Beyond the broadcast exposure, this move opens real commercial opportunities for teams, partners, and sponsors. It creates a stronger foundation to build new relationships, reach untapped audiences, and elevate the entire business ecosystem around INDYCAR. The future of our sport just became a lot more scalable, and that’s incredibly exciting.”
Brad Hollinger, Co-Owner of JHR: “I invested in JHR because I believed in INDYCAR’s potential as America’s premier open-wheel motorsport. Today’s announcement only solidifies my belief in the incredible value INDYCAR offers fans, partners, and manufacturers alike. And to see that belief echoed so clearly by Fox’s investment only means great things for the future of INDYCAR.”
For those of you who’ve been with us through the highs and the lows—thank you. You’re the reason we race. And it’s our hope that with new momentum behind the series, we’ll have even more reasons to celebrate together in the coming seasons.
There’s still a lot to unfold, and as always, we’ll keep our heads down and keep pushing. But we wanted to take a moment to acknowledge the significance of this day, and share in the optimism that’s now unmistakably buzzing through the paddock.
See you in Portland.
— Juncos Hollinger Racing
