12 more active tracks could soon be under the NASCAR banner with major sports merger
On Wednesday, International Speedway Corp announced a merger agreement with NASCAR.
How much are 12 active NASCAR tracks worth?
The buyout is valued at $2 billion. ISC’s shareholders (other than certain controlling shareholders of ISC and certain related entities) and they will be paid off at $45 a share.
Read MoreFiremen’s Retirement System of St. Louis vs NASCAR Holdings Inc.
Firemen’s Retirement System of St. Louis has filed a class-action lawsuit against NASCAR Holdings Inc. which also mentions Lesa France Kennedy, James “Jim” France in addition to Brian France.
On November 10th, 2018, NASCAR offered a bid to purchase the International Speedway Corporation at $42 per share (Roughly $2 billion).
Read MoreNASCAR was downsized on Friday
An estimated 5% of NASCAR employees were laid off
It was rumored that NASCAR would begin laying off members of their staff.
On Friday, that happened. Employees of the stock car racing sanction were laid off at various positions within the privately held company.
Read MoreNASCAR president Steve Phelps discusses a pending overhaul of the NASCAR schedule
NASCAR is very open to anything that is desired by the fans
NASCAR has a long list of negatives surrounding it. But, there’s a lot of positives under that some sanction.
“The racing product is as good as we’ve seen,”
Read MoreWill Brian France return to the position of NASCAR CEO?
In 2003, Brian France was appointed the role of NASCAR CEO by his father Bill France Jr.
Brian France steered the company through several changes in the previous 15 years. Of those include multiple changes of the entitlement sponsor.
Read MoreInternational Speedway Corporation and NASCAR could soon be operating under one privately held umbrella
International Speedway Corporation (NASDAQ: ISCA) is a publicly traded company that operates 12 tracks on the NASCAR schedule. The company was founded by Bill France Sr when he took to building the high banks of Daytona International Speedway in 1953.
Read MoreBold ideas are surfacing in NASCAR land: Are the Roval and NASCAR dirt tracks just pushing things too far?
There’s no question that NASCAR has been looking for debris and hoping for a restart. They went in the wrong direction for many years. We all know that. The attendance numbers are just the proof of it.
Read MoreTalladega Transformation: New superspeedway infield project unveiled
TALLADEGA, Ala. – NASCAR’s most competitive track — Talladega Superspeedway — along with its parent company, International Speedway Corporation (ISC), announced at a press conference today details of Transformation – The Talladega Superspeedway Infield Project.
The approximate $50 million redevelopment endeavor is part of ISC’s long-term capital allocation plan and reinvestment into its major motorsports complexes.
Read MoreBubba Wallace responds: There’s a lot of ‘boring stuff’ at ISC tracks
International Speedway Corporation held a conference call announcing their financial report. ISC saw a 10% decline in attendance for 6 races in March through May.
“Weather was an important part, but all in all, the attendance was a little bit softer than expected,”
Read MoreKevin Harvick’s ideas include NASCAR downsizing; New tracks on the schedule
NASCAR is rumored to be up for sale. It’s been reported that Goldman Sachs has been approached to seek opportunities for a sale.
The week before, NASCAR purchased the ARCA Racing Series. To me, that’s the oddest piece in the timing of this whole deal.
Read MoreKevin Harvick: “When I look at our hardcore fans, they’re all sitting at those short tracks and they’re mad.”
Kevin Harvick is a major spokesperson for grassroots racing. Yesterday, he picked up his latest NASCAR win. However, Harvick’s main discussion point after the victory wasn’t NASCAR but the short track racing side of the sport.
Read MoreCombined 2017 NASCAR attendance revenue was $215.1 million
That data is from all three of the publicly traded companies which own race tracks that host NASCAR events. Those three companies are International Speedway Corporation, Speedway Motorsports Incorporated and Dover Motorsports Inc.
Their combined attendance revenue is $215.1 million.
Read MoreHumpy Wheeler on the possibility of a sale: “Is Wall Street ready for this? Yes.”
Big Bill France Sr founded this thing called NASCAR back on February 21, 1948. The sporting organization has been privately held by the France Family ever since.
Is NASCAR for sale? Rumors have begun circulating that NASCAR is considering a new ownership direction.
Read MoreYoung NASCAR viewers increase – 18-34 bump in 13 of 16 races – 1 in 4 Fortune 100 companies invested in NASCAR
“Financial results for the second quarter met expectations,” stated Lesa France Kennedy, ISC Chief Executive Officer.
She continued, “Comparable revenue for the quarter was within one percent of the prior year.
Read More2013 Daytona Crash Lawsuit
2013 Daytona debris lawsuit has been resolved. One more, of many NASCAR lawsuits filled from the same crash.
In February 2013, Kyle Larson found himself grinding across the top side of the wall. Grinding against the fence, his NASCAR Nationwide Series machine was against the catch fence.
Read MoreCOTA NASCAR Race? Track executives are lobbying for it in the press and to NASCAR directly.
COTA Chairman Bobby Epstein recently expressed his interest in hosting a COTA NASCAR event. While speaking with the American-Statesman he expressed their interest in NASCAR. Bobby Epstein explained, “I’ve had contact with NASCAR officials,
Read MorePhoenix Raceway Project plans big changes to the Phoenix NASCAR track configuration
Wild, radical changes are coming to Phoenix International Raceway. The track changes have been rumored for months. However, today it became official with the release of Phoenix Raceway Project plans. View the Phoenix Raceway track changes photo gallery below,
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