The new head of the Indianapolis Motor Speedway says the Hulman-George family remains committed to the Indy Racing League despite a management shake-up.
But Jeff Belskus says auto racing is under a lot of financial pressure and the speedway must compete with other sports for ticket dollars.
Belskus will take over daily management of the speedway from Joie Chitwood, who announced Monday that he is resigning Aug. 6.
Chitwood's departure comes about a month after the speedway's board ousted Tony George as president and chief executive officer of the IndyCar Series amid concerns about his spending on upgrades at the speedway.
Belskus is a long-time IMS executive.