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Roger Penske, owner of Penske Racing, welcomed his luxurious Podium Yacht as it arrived at Newport, Rhode Island. The vessel has been valued at $120M.
The Podium Yacht has been developed by Feadship and RWD. It can go up to the speed of 18 knots and weighs 1,850 tons. It marks its presence in the waters with a 239 feet length.
The high-end yacht has seven dedicated cabins for a crew of 14 people who keep the yacht running smoothly. It can further accommodate 12 guests in six cabins.
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The grand yacht was spotted in Newport, Rhode Island. Richard Penske, the owner of the $120 million Podium, is valued at $3.7 billion, according to Forbes.
He also owns Team Penske which takes part in the NASCAR Cup Series and IndyCar. A former racer himself, Penske has been involved in motorsports for over six decades. He is also the owner of the Indianapolis Motor Speedway, home to the legendary Indianapolis 500 race.
Josef Newgarden extended Penske's legacy on the track earlier after winning the Indy500 after a four-hour delay in the start following extreme weather conditions.
Josef Newgarden to race for Roger Penske after a multi-year contract extension
Within a week of winning the Indy500, Newgarden was offered a multi-year deal by Team Penske and he will continue to race for the team. He first raced with Roger Penske's team in IndyCar in 2017 and finished the season in first place. After signing the contract extension, he said:
"I don't think I have any words for what this has been like," ESPN quoted Newgarden . "Team Penske has been my family for eight years, and I can't imagine being anywhere else."
Despite his very successful stint with the team, he faced a major low this season after he was disqualified from the season-opening race in Florida.
Team Penske's cars were found to be illegally using the push-to-pass button on their cars during restarts and race starts. He was initially the winner of the race before IndyCar authorities announced his disqualification. Roger Penske suspended several crew members after the verdict.
He has still managed to keep his competitiveness after winning the Indy500. Penske was also impressed with Newgarden's stint with the team. He said in a statement:
"Josef Newgarden is a true winner, and we are excited that he will continue as a part of Team Penske for years to come. What he did Sunday in the Indianapolis 500 shows how Josef consistently delivers for our team and our partners on the track, and he is just as impressive off the track as well. We are proud to have Josef continue with our organization as his skill and passion embody what it means to be a Team Penske driver."
The onus now shifts on Newgarden to justify the faith that his team's owner has in him.
