The operator of the Grand Prix of Long, one of the premier events in the NTT IndyCar Racing Series, has new leadership with Penske Entertainment acquiring it from Gerald R. Forsythe, the longtime owner of the racing event, it was announced Thursday.
Penske Entertainment purchased the Grand Prix Association of Long Beach, LLC, from Forsythe, and includes the administration of the Acura Grand Prix of Long Beach, the longest-running street circuit race in North America.
The next Grand Prix of Long Beach will be the 50th edition of the race weekend and is expected to include special events to mark the anniversary. The race will be broadcast on Fox on April 13.
“We’re incredibly proud to be the new stewards of this cherished and iconic event,” said Roger Penske. “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.”
The three-day event regularly attracts nearly 200,000 fans to the 1.968-mile street course. The event in 2024 included IMSA, GT America, Super Drift Challenge and Stadium Super Truck races. It attracts an international field of drivers and teams who compete in the IndyCar Racing Series.
“As we prepare to celebrate a truly remarkable milestone, the 50th anniversary of this amazing event, it’s fitting that we have such exciting and important news to share about its future,” said Acura Grand Prix of Long Beach President & CEO Jim Michaelian. “Roger and the team at Penske Entertainment understand the special history and unique qualities that give us such a strong foundation and will be ideal partners as we continue to deliver an exceptional race weekend for our fans moving forward. I also want to acknowledge the significant contribution that the previous owners, Jerry Forsythe and the late Kevin Kalkhoven, made to the success of our event over the past 19 years.”
Penske Entertainment said in a prepared statement it plans to bolster and enhance the experience for racing fans, sponsors and supporters.
“This is a major race weekend, not just on our calendar but across the motorsport landscape,” Penske Entertainment President & CEO Mark Miles said. “We’re committed to preserving the core attributes that make it best in class while also working on some exciting and bold initiatives to make its future even bigger and brighter.”
The Grand Prix of Long Beach also provides an economic boost to the community and gives the city an opportunity to host an international event every year.
“The Grand Prix is an incredibly vital and vibrant asset for our community and an annual event that drives commerce, attracts tourism and elevates cultural connectivity across our city,” said Long Beach Mayor Rex Richardson. “Penske Entertainment will be a committed and energetic partner for the future that seeks to preserve and enhance this event’s rich history and strong legacy. We’re looking forward to a great working relationship that benefits everyone who calls Long Beach home.”