Nov 25, 2013, 6:00 PM EST
The U.S. Motorsport Corporation is planning to sell the 7/8-mile Iowa Speedway in Newton, Iowa according to NBC affiliate WHO-TV in Des Moines. Iowa Speedway currently hosts the NASCAR Nationwide Series, NASCAR Camping World Truck Series, and IndyCar Series.
WHO-TV reports that the company will sell to an undisclosed buyer – only known as “Iowa Speedway, LLC” in documents given to Newton City Council members. The Council will hold a special meeting tomorrow to vote on approving the terms.
The news comes more than two months after the track’s CEO, Doug Fritz, resigned. At that point in time, The Des Moines Register also was reporting that the track was behind on some vendor payments.
In 2011, the Manatt family sold the U.S. Motorsports Corporation to the family of Featherlite Trailers founder Conrad Clement. NASCAR legend and track designer Rusty Wallace remained involved as a minority owner through the exchange.
Iowa has earned praise for its short-track brand of racing, but has had to reduce its schedule from five major weekends this past season to three for 2014. The NNS will visit twice next May and August, while the Trucks and the IndyCars will pair up next July.
Nov 24, 2014, 3:32 PM EST
Next season, the campaign will serve as primary sponsor for Aric Almirola’s No. 43 at Atlanta in March and Darlington in May.
Nov 24, 2014, 2:33 PM EST
The nine-time World Rally Champion is now a full-time touring car racer, but will help kick off the 2015 WRC campaign for Citroen.
Nov 24, 2014, 2:00 PM EST
Hunter-Reay’s face on the Borg-Warner Trophy set for December 3 reveal.
Nov 24, 2014, 1:15 PM EST
IndyCar gets in on the Odell Beckham Jr. meme game, and it’s a good one.
Nov 24, 2014, 1:00 PM EST
Patrick Dempsey presenting and Brantley Gilbert winning makes for two racing tie-ins in a music show.
Nov 24, 2014, 12:15 PM EST
Hammer Time in Abu Dhabi; Bird was the word for Formula E in Malaysia; a look at the NASCAR beat…
Nov 24, 2014, 11:45 AM EST
Lineups set for this week’s Abu Dhabi test.
Nov 24, 2014, 11:09 AM EST
Jordan and Ricky Taylor drop their latest.
Nov 24, 2014, 11:00 AM EST
Frances busy with charitable efforts during and after the NASCAR season.
Nov 24, 2014, 10:30 AM EST
Danica Patrick will be in another GoDaddy ad, with an intriguing guest star.
Nov 24, 2014, 10:00 AM EST
Felipe Massa and Sergio Perez the only drivers to benefit from double points in Abu Dhabi.
Nov 24, 2014, 9:00 AM EST
However, simply getting to the race must go down as an achievement for the backmarkers.
Nov 24, 2014, 8:13 AM EST
Mattiacci out, Arrivabene in as Ferrari team principal.
Nov 24, 2014, 8:00 AM EST
Gutierrez finishes as the lead Sauber in a lowly 15th place on Sunday.
Nov 23, 2014, 6:10 PM EST
The world of motorsports — particularly NASCAR and NHRA — is mourning arguably the best public relations person it has ever seen, Denny Darnell, who passed away Saturday.
Nov 23, 2014, 6:00 PM EST
The Charlotte and Texas brawls from this year’s Chase are still resonating weeks after they occurred.
Nov 23, 2014, 5:17 PM EST
Marcos Ambrose is wasting little time in his return to racing V8 Supercars in his native Australia.
Nov 23, 2014, 4:30 PM EST
A wild concept collaboration for Gran Turismo 6 between the Bowtie and famous race car builder Chaparral.
Petty’s 1988 Daytona wreck sold as prelude to upcoming auction of NASCAR Hall of Famer Cotton Owens estate
Nov 23, 2014, 3:53 PM EST
The remains of Richard Petty’s crashed 1988 Pontiac Grand Prix from the 1988 Daytona 500 sold Saturday, a prelude of an even larger auction of late NASCAR Hall of Famer Cotton Owens’ estate on Dec. 6.
Nov 23, 2014, 2:30 PM EST
This weekend is the first without a NASCAR race since mid-July.
Video from NASCAR America
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- Maurizio Arrivabene replaces Marco Mattiacci as Ferrari team principal 4
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- Hamilton calls second title victory “the greatest day of my life” 3
- Hamilton clinches second F1 world title by winning Abu Dhabi GP 10
- The Final Showdown: Hamilton and Rosberg prepare for one final battle in Abu Dhabi 0
- Vettel and Ricciardo to start Abu Dhabi GP from pit lane 0