Nov 26, 2013, 3:15 PM EDT
The Des Moines Register is reporting that the Newton (Iowa) City Council has approved the transfer of ownership for the 7/8-mile Iowa Speedway from the U.S. Motorsports Corporation to Iowa Speedway, LLC. However, the major figures behind the track’s new ownership group have still not yet been revealed to the public.
“[We're] fully aware of who the new entity is,” Newton mayor Mike Hansen said during today’s Council meeting according to the Register’s Bryce Miller. “And we’re extremely pleased…There will be an announcement shortly.”
The transfer involves multiple deals, include one for development on the land that Iowa Speedway sits on and a lease agreement with a nearby airport.
As for who could be the new mystery owners, it may be easier to figure out who wouldn’t be on that list at this point in time. To that end, Dustin Long of Motor Racing Network is reporting that a spokesperson for International Speedway Corporation (which owns 12 NASCAR facilities) has said they’re not involved with the Iowa purchase.
As for the other major NASCAR track conglomerate, Speedway Motorsports, Inc. (which owns 8 NASCAR facilities), Long writes that one of their spokespeople declined to comment altogether on the matter.
Video from NASCAR America
- Still searching: Castroneves finishes 14th, falls short of IndyCar title (VIDEO) 1
- Will Power claims 2014 IndyCar title as Tony Kanaan ties season win record in Fontana 1
- Dale Earnhardt Jr. on Tony Stewart’s return to racing: ‘I’m sure that’s where he wants to be’ 0
- Kevin Harvick in a class of his own, dominates Atlanta NNS race 0
- WATCH LIVE: IndyCar crowns its champion tonight at Fontana 1
- Lessons learned from Dale Earnhardt death readily seen in way NASCAR has dealt with Tony Stewart tragedy 2
- Aleshin conscious following heavy accident in MAVTV 500 final practice (UPDATED, VIDEO) 4