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.
Feb 28, 2015, 9:00 AM EST
We wish Mario Andretti, one of the all-time greats, a happy 75th birthday.
Feb 28, 2015, 8:00 AM EST
Team founder John Booth is confident that the revived outfit will race in the Australian Grand Prix on March 15.
Feb 27, 2015, 7:00 PM EST
IndyCar drivers hit several race markets for “Focus” premieres.
Feb 27, 2015, 5:00 PM EST
How well does Josef Newgarden dunk? Find out in video he does with Indiana Pacers “Power Pack.”
Feb 27, 2015, 4:30 PM EST
French driver set for a fourth season in GP2 this year with Lazarus.
Feb 27, 2015, 4:00 PM EST
One of California’s more prestigious racing awards has its nominees revealed.
Feb 27, 2015, 3:00 PM EST
Indy Honor Flight event to be held at CGR shop in Indianapolis on Saturday.
Feb 27, 2015, 2:30 PM EST
Massa says that the main thing is that Alonso is okay and unhurt following his hefty crash in testing last week.
Feb 27, 2015, 2:00 PM EST
17-year-old has just one day of testing left before making his F1 debut in Australia.
Feb 27, 2015, 1:30 PM EST
Champions emerge on in a cold finale to 2015 Cooper Tires Winterfest.
Feb 27, 2015, 1:15 PM EST
First run for the VJM08 was “remarkable”, but there is still plenty to be caught up with at Force India.
Feb 27, 2015, 1:00 PM EST
German driver not happy with the setup on his W06 Hybrid despite posting the fastest time of winter testing so far in Barcelona.
Feb 27, 2015, 12:01 PM EST
The German team finally goes quickest in testing, sending a statement of intent out to the rest of the field.
Feb 27, 2015, 11:00 AM EST
F1 Commission agrees on changes for 2016 season in a bid to help aid investigations into accidents.
Feb 27, 2015, 9:32 AM EST
American driver secures a seat in GP2 after a turbulent 2014 campaign.
Feb 27, 2015, 9:17 AM EST
FIA confirms that Manor Marussia does have a place on the grid in 2015, relying it complies with the new technical regulations.
Feb 27, 2015, 9:00 AM EST
26 days after the rest of the F1 field, Force India gets its 2015 car out on track for the first time.
Feb 27, 2015, 7:41 AM EST
Spaniard posts a video on YouTube giving an update on his condition.
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