What is the IRL, and who owns/runs it?
The Indy Racing League (IRL) sanctions an Indy car racing series in the United States. Specifically, the IRL chooses the tracks, makes up the schedule, guarantees the purse, conducts and administers the races, and makes and enforces the rules for car construction and race conduct. The IRL also maintains a points fund and awards its championship. It is owned by the Hulman family (whose privately-held corporation also owns the Indianapolis Motor Speedway), and its president is Tony George (whose name is often abbreviated to “TG” in Internet IRL discussions).
