Will Penske owning Indy create a conflict of interest?
The president of the United States is not allowed to run businesses whilst in office and there’s good reason for that. The president should always act in the best interest of the nation. This same logic follows into IndyCar and for that matter, everywhere.
And it's this unwritten rule that is cause for concern within the sport now, as the series’ new owner, Penske, also runs a IndyCar team, leading some to believe that he will act in his own interest, rather than that of the sport he possesses power over.
Penske, however, assured fans and the media that he would not let his involvement in the sport on a competitive level get in the way of his involvement on an executive level, and many of his rivals concurred, with confidence that Penske would do what's best.
“From a competitive perspective, I’m planning to really step down from being a strategist on the pit box,” said Penske. “You won’t see me there on race day, I think I’ve got a bigger job to do now is to see how we build a series to the next level."
“I think you have to ask our competitors. Tony’s (the previous owner) been a car owner, we were talking about it today. I think Tony, you said that all along, Wilbur Shaw, and Eddie Rickenbacker were drivers, so there’s been some history."
“But I don’t want to leave this conversation. I understand the integrity, and there’s got to be a bright line, and to me, I know what my job is, and hopefully I’ve got enough credibility with everyone that we can be sure that that is not a conflict."
“I’ll do my very best to make sure that isn’t.” The motorsport-mogul’s ability to run the series alongside a private team remains to be seen, but he certainly hopes to impress in his inaugural season as an owner.
[Note: This article was written by me on FormulaRapida, and edited by Darshan Chokhani]