Is Roger Penske buying CART shares? (Elkhart Lake grapevine)

[Muzza]

As we have debated some weeks ago, a mysterious investor based in the Cayman Islands is buying a significant amount of CART shares (CART is a company listed in the New York Stock Exchange market, under MPH).

Gossips heard in the Elkhart Lake ALMS paddock indicate that Roger Penske may be this yet-unnamed investor. Note that Penske, who has sold several of his major investments on the course of the last three years (including the much reported participation on ISC) has catapulted his wealth to a sky-high platoon.

Funds would not be a problem, but the extent of his commitment to IRL - what, based on Penske's comments, has been dubious at best, even if the team is dominating the series as much as one can dominate a spec category - is the x of the equation.

And remember that Penske publicly said that CART "would pay dearly for slapping my face" when his team moved to the IRL.