Roger Penske in January became the fourth owner of Indianapolis Motor Speedway. The track on Friday confirmed to The Associated Press that it will be Penske giving the command.

The Indianapolis 500 wont be run on Memorial Day weekend for the first time since 1946 after Roger Penske on Thursday postponed one of Americas crown jewel sporting events until Aug. 23.

The purchase of the racetrack and its subsidiaries, including the IndyCar series, was completed Monday.

Indianapolis Motor Speedway and the IndyCar Series were sold to Penske Entertainment Corp. in a stunning move Monday that relinquishes control of the iconic speedway from the Hulman family after 74 years.

Once the deal is finalized, Penske will become just the fourth owner of the 110-year-old racetrack.

Simon Pagenaud's margin of victory over Alexander Rossi was a mere 0.2086 seconds -- the seventh-closest finish in the 103 years of the race.

Team owner Roger Penske, who has the most Indianapolis 500 wins among owners, had not won NASCAR's race at the Brickyard before Monday.

Under the new contract, eight IndyCar races including the Indianapolis 500 will be broadcast on NBC next season, up from five that ABC aired. The rest of the schedule will be on NBC Sports Network.