Latest news with #DouglasBoles
Fox Sports
26-05-2025
- Automotive
- Fox Sports
Indianapolis 500 Purse Reaches New Pinnacle
INDYCAR The Indianapolis 500 purse record was broken for the fourth year in a row for the 109th Running of the Indianapolis 500 presented by Gainbridge, with first-time winner Alex Palou of Chip Ganassi Racing earning $3.8 million from a total purse of $20,283,000. This is the largest purse in the century-plus history of 'The Greatest Spectacle in Racing' on the heels of four consecutive record-breaking years. This year's average payout for NTT INDYCAR SERIES drivers was $596,500, which also exceeds last year's average of $543,000. In 2024, the Indianapolis 500 purse was $18,456,000, and the year's winner payout was $4.3 million, which included a $440,000 roll-over bonus from BorgWarner for earning back-to-back wins. In 2023, the Indianapolis 500 purse was $17,021,500, and the winner earned $3.7 million. In 2022, the Indianapolis 500 purse was $16,000,200, and the winner earned $3.1 million. Prior to 2022, the largest Indianapolis 500 purse was $14.4 million for the 2008 Indianapolis 500. 'The Indianapolis 500 is the greatest race in the world, and winning this race makes history in more ways than one,' INDYCAR and IMS president J. Douglas Boles said. 'The Month of May featured a grandstand sellout crowd and intense on-track action. Alex Palou adds Indianapolis 500 winner to his long list of growing achievements and takes home the largest purse in Indianapolis 500 history. There's no better way to end an epic month.' Pole-winner Robert Shwartzman of PREMA Racing earned Indianapolis 500 Rookie of the Year honors for his performance during the Month of May. Shwartzman earned a $50,000 bonus for being named Rookie of the Year, adding to a total take-home prize of $327,300. The Indianapolis 500 purse consists of Indianapolis Motor Speedway and NTT INDYCAR SERIES awards, plus other designated and special awards. Purse awards are presented annually at the Victory Celebration, held this year at the JW Marriott in downtown Indianapolis Monday night. The next NTT INDYCAR SERIES race is the Chevrolet Detroit Grand Prix presented on Sunday, June 1 on the streets of Downtown Detroit. The race will be broadcast live on FOX and the INDYCAR Radio Network at 12:30 p.m. ET. recommended
Forbes
15-05-2025
- Automotive
- Forbes
Turtle Wax Becomes Presenting Sponsorship Of Indy 500 ‘Fast Friday'
Turtle Wax and the Indianapolis Motor Speedway have teamed up for "Fast Friday" for the Indianapolis ... More 500. 'Fast Friday' at the Indianapolis 500 features some of the slickest race cars with the most colorful paint schemes to hit the track. It made sense for Turtle Wax to get involved with one of the fastest days in racing. The world-renowned brand in car care, announced a multiyear collaboration with Indianapolis Motor Speedway that includes a presenting sponsorship of Fast Friday at the Racing Capital of the World. Fast Friday presented by Turtle Wax will take place on Friday, May 16. It is the final practice and the last opportunity for teams to test and refine their setups before qualifying for the 109th Indianapolis 500 presented by Gainbridge on Saturday, May 17 and Sunday, May 18. 'The increased boost levels available on Fast Friday make it one of the most exciting practice days in the lead up the Indianapolis 500,' IndyCar and IMS president J. Douglas Boles said. 'The partnership with Turtle Wax provides a boost to the day for fans and teams alike.' The Turtle Wax story started with the launch of the first-ever bottled car wax in 1944. More than 75 years later, Turtle Wax still captures the attention of the car care industry with a wide range of products for cleaning, shining and protecting vehicles inside and out, including washes, waxes, interior cleaners, and other detailing products. As part of the relationship, Turtle Wax will provide products for the entire fleet of IMS event vehicles. 'We're thrilled about this alliance between two iconic Midwest-based brands—Turtle Wax and Indianapolis Motor Speedway—each with a rich history in the automotive world,' Turtle Wax Chief Marketing Officer Daren Herbert said. 'As part of this collaboration, Turtle Wax products will help maintain the IMS fleet, continuing our legacy of trusted performance related to any vehicle's appearance, so IMS can stay focused on what it does best. 'Simply put: it's a match made in speed and shine, and we're ready to go.' Team Penske's Will Power speeding down the race course during "Fast Friday" before the 2023 Indy 500 ... More at Indianapolis Motor Speedway.. (Photo by Jeremy Hogan/SOPA Images/LightRocket via Getty Images)
