The Grand Prix of Long Long Beach, the longest-running major street circuit race in North America, will have a new owner heading into the 50th edition of the event next year.
Penske Entertainment announced its purchase of Grand Prix Association of Long Beach, LLC, from longtime owner Gerald R. Forsythe Thursday.
“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.”
Driver Nolan Siegel leads during the IndyCar Grand Prix of Long Beach auto race Sunday, April 21, 2024, in Long Beach. (AP) 
IndyCar driver Scott Dixon takes the checkered flag to win the 49th Acura Grand Prix of Long Beach on Sunday, April 21, 2024. (Photo by Will Lester/MediaNews Group/Inland Valley Daily Bulletin via Getty Images)
The Acura Grand Prix of Long Beach is a premier race weekend for the NTT INDYCAR SERIES that regularly attracts crowds of over 190,000 people to the three-day weekend event at a 1.968-mile racecourse surrounding the Long Beach Convention & Entertainment Center.
“This is a major race weekend, not just on our calendar but across the motorsport landscape,” Penske Entertainment President & CEO Mark Miles said.
The race will return to network television in 2025, with FOX set to broadcast the event on Sunday, April 13.