INDIANAPOLIS (AP) — Penske Entertainment Corp. and Gainbridge on Thursday announced a contract extension in which the financial company will remain the presenting sponsor of the Indianapolis 500.

Both sides said only it was a multi-year sponsorship agreement and did not disclose terms of the deal.

“Partnering with the Indianapolis 500 is a natural fit for Gainbridge, reflecting our shared commitment to success, innovation and making every second count,” said Dan Towriss, president of Group 1001, the holding company of Gainbridge.

"The Indianapolis 500 holds special significance to Hoosiers and fans across the world. We’re excited for this next chapter in our partnership and honored to celebrate the skilled drivers and the dedicated fans.”

Towriss is also the owner of Andretti Global, w

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