ISC reports tracks’ admissions revenue declines in second quarter; total revenues increase

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During a conference call Tuesday for second-quarter results, International Speedway Corp. announced admissions revenue fell 8 percent between March and May from $33.3 million to $30.5 million.

For the year, admissions revenue has dipped slightly more than 2% from $63.8 million to $62.3 million.

ISC owns 12 tracks that play host to NASCAR Sprint Cup races: Daytona International Speedway, Talladega Superspeedway, Michigan International Speedway, Richmond International Raceway, Auto Club Speedway, Kansas Speedway, Phoenix International Raceway, Chicagoland Speedway, Homestead-Miami Speedway, Martinsville Speedway, Darlington Raceway and Watkins Glen International.

Total revenues for the second quarter were $167.6 million, an increase from $164 million during the second quarter of 2015. The gains were driven by an increase in broadcasts TV rights fees and the closing of the sale of the Staten Island, New York, property where ISC had intended to build a racetrack.

“We are pleased with our results for the second quarter,” ISC chief executive officer Lesa France Kennedy said in a release. “Revenues increased year over year driven by contracted broadcast rights increases and strong corporate partnerships. While we experienced attendance related revenue challenges at some events, we remain confident that our consumer marketing initiatives are working and positioning ISC for continued growth.”

France Kennedy said the sale of Staten Island resulted in a gain of $13.6 million and cash received of $67 million. She also announced a 58 percent increase in quarterly dividend.

ISC’s total revenues for the six months ending May 31, 2016, were approximately $310.2 million, up from $300 million through the first six months of 2015, and operating income rose to $54.8 million from $40.8 million a year ago.

Factors for the increase in revenue included:

–Phoenix played host to an IndyCar event in April after an absence of several years by the series at the track.

–A new Country 500 music festival at Daytona, which brought in a facility rental and fees.

–The absence of costs related to the Daytona Rising project that had its grand opening in February.

–The gain of $13.6 million from the sale of Staten Island.

NASCAR Saturday schedule at Sonoma Raceway

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Cup and Xfinity teams will be on track Saturday at Sonoma Raceway.

Cup teams will practice and qualify for Sunday’s race. Xfinity teams will qualify and race Saturday on the 1.99-mile road course in Northern California.

Sonoma Raceway

Weather

Saturday: Mostly cloudy with a high of 75 degrees. Forecast is for mostly cloudy skies, a high of 71 degrees and no chance of rain at the start of the Xfinity race.

Saturday, June 10

(All times Eastern)

Garage open

  • 12 p.m. – 8 p.m.  — Cup Series
  • 1 p.m. — Xfinity Series

Track activity

  • 3 – 4 p.m. — Xfinity qualifying (FS1)
  • 5 – 6 p.m. — Cup practice  (FS2)
  • 6 – 7 p.m. — Cup qualifying  (FS2)
  • 8 p.m. — Xfinity race (79 laps, 156.95 miles; FS1, Performance Racing Network, SiriusXM NASCAR Radio)

Alpha Prime Racing’s road woes don’t keep team from competing

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SONOMA, Calif. — Alpha Prime Racing owner Tommy Joe Martins laughs. He can. His Xfinity Series cars all are here at Sonoma Raceway.

At one point last week, it was not certain if his team’s cars would make it to Portland International Raceway.

“It was probably the toughest professional week I’ve had of my NASCAR career,” Martins told NBC Sports on Friday at Sonoma.

MORE: Kyle Larson leads Xfinity practice at Sonoma

The Alpha Prime Racing team had both its trucks break down and one of its haulers have mechanical issues last week on the way to the Pacific Northwest.

“We basically sent four pieces of equipment on the road and three of them broke,” Martins said.

For a time, the car Sage Karam is driving this weekend at Sonoma was left in a hauler in Kansas City because there wasn’t room in the dually Martins sent. It had room only for the car that was needed at Portland and other equipment. Karam’s car, which was to be a backup at Portland, was left behind.

“It’s a very helpless feeling when you feel like your stuff is stuck on the side of the road,” Martins said.

He still has one truck still in St. Louis and another in Oregon. Martins estimates the mechanical issues will cost his team about $50,000 when everything is totaled.

Trouble started well before the team left its Mooresville, North Carolina, race shop for Portland.

The Xfinity Series race at Charlotte was scheduled to run May 27. Rain forced that event to be rescheduled to May 29. Martins said the team had planned to send its trucks to Portland on May 28. With the race pushed back to the 29th, the travel schedule tightened.

It got worse.

After the Xfinity race started, rain came. With the Coca-Cola 600 scheduled for 3 p.m. ET that day – after being delayed by rain from Sunday – the rest of the Xfinity race was pushed back until after the 600. That further tightened the window on Xfinity teams to make it to Portland.

The Xfinity race ended around 11:30 p.m. ET on May 29. Alpha Prime Racing’s haulers left the shop around 6 a.m. ET on May 30.

The two trucks traveled together until issues in St. Louis.

The truck hauling the Nos. 44 and 45 cars had engine issues in St. Louis. The other truck kept going until it had mechanical issues with its hauler in Kansas City. The air bags on the hauler failed.

So, Alpha Prime Racing had a truck that worked in Kansas City with a hauler that didn’t and a truck that didn’t work in St. Louis with a hauler that did.

The truck in Kansas City went back to St. Louis to attach to the hauler and take those cars and equipment to Portland. Martins then had to find something to haul the stranded equipment in Kansas City and a driver. He eventually did. A dually left North Carolina for Kansas City. Once there, what fit in the dually was taken to Portland and what didn’t, including Karam’s Sonoma car stayed behind.

Yet, more trouble was headed for Martins and his team.

The truck that had gone back from Kansas City to St. Louis to take hauler that worked then broke down about 200 miles from Portland.

“I laugh knowing that we’re on the other side of it,” Martins said Friday of all the issues his team had transporting cars and equipment across the country.

“We’ve started to make plans and corrections for it not happening again,” he said.

That hauler that was left in Kansas City? It was repaired and transported to Sonoma, arriving earlier this week.

“Our guys are troopers,” Martins said. “Both of our (truck) drivers were just awesome about the whole thing. … They went through hell week as far as driving somewhere, fly back and pick something up, drive again and now are going to have to do the same thing getting back.”

When the garage opened Friday at Sonoma, Alpha Prime Racing had all its cars.

“I don’t think we had any major issues here, so that was good,” Martins said.

The focus is back on the track. Karam was 24th on the speed chart in Friday’s practice, leading Alpha Prime Racing’s effort. Dylan Lupton was 32nd. Jeffrey Earnhardt was last among 41 cars.

After Saturday night’s race, the team heads back to North Carolina for a well-earned weekend off.

Kyle Larson leads Xfinity practice at Sonoma

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SONOMA, Calif. — Kyle Larson posted the fastest lap in Friday’s Xfinity Series practice at Sonoma Raceway.

This is the first time the series has raced at the 1.99-mile road course in Northern California. Teams got 50 minutes of practice Friday.

Larson led the way with a lap of 90.392 mph. He was more than a second faster than the rest of the field.

MORE: Xfinity practice results Sonoma

Sheldon Creed was second on the speed chart with a lap of 89.066 mph. He was followed by AJ Allmendinger (89.052 mph), Cole Custer (89.020) and Ty Gibbs (88.989).

Larson, Allmendinger and Gibbs are among seven Cup drivers are entered in the Xfinity race. Aric Almirola was seventh on the speed chart with a lap of 88.750 mph. Ross Chastain was ninth with a lap of 88.625 mph. Daniel Suarez was 16th with a lap of 88.300 mph. Ty Dillon was 33rd with a lap of 86.828 mph.

Anthony Alfredo will go to a backup car after a crash in practice. He was uninjured in the incident that damaged the right side of his car.

Qualifying is scheduled for 3 p.m. ET Saturday. The race is scheduled to begin at 8:20 p.m. ET Saturday.

Anthony Alfredo’s car after a crash in Xfinity practice Friday at Sonoma Raceway. He was uninjured. (Photo: Dustin Long)

Saturday Sonoma Xfinity race: Start time, TV info, weather

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The Xfinity Series will compete for the first time at Sonoma Raceway this weekend. This is one of eight road course events on the Xfinity schedule this season.

Seven Cup drivers are scheduled to compete in Saturday’s race, including AJ Allmendinger, Kyle Larson and Daniel Suarez, who won last year’s Cup race at this track Allmendinger has won 11 of 25 career road course starts in the Xfinity Series.

Details for Saturday’s Xfinity race at Sonoma Raceway

(All times Eastern)

START: Golden State Warrior Patrick Baldwin Jr. will give the command to start engines at 8:08 p.m. … The green flag is scheduled to wave at 8:20 p.m.

PRERACE: Xfinity garage opens at 1 p.m. … Qualifying begins at 3 p.m. … Driver introductions begin at 7:35 p.m. … The invocation will be given by Earl Smith, team pastor for the Golden State Warriors and San Francisco 49ers, at 8 p.m. … The national anthem will be performed by 9-year-old Isis Mikayle Castillo at 8:01 p.m.

DISTANCE: The race is 79 laps (156.95 miles) on the 1.99-mile road course.

STAGES: Stage 1 ends at Lap 20. Stage 2 ends at Lap 45.

STARTING LINEUP: Qualifying begins at 3 p.m. Saturday

TV/RADIO: FS1 will broadcast the race at 8 p.m. ... Coverage begins at 7:30 p.m. … Performance Racing Network coverage begins at 7:30 p.m. and can be heard on goprn.com. … SiriusXN NASCAR Radio will carry the PRN broadcast.

FORECAST: Weather Underground — Mostly cloudy with a high of 72 degrees and a zero percent chance of rain at the start of the race.

LAST TIME: This is the first time the Xfinity Series has raced at Sonoma.