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NASCAR announces merger agreement with International Speedway Corp.

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International Speedway Corp. announced Wednesday morning that it has entered into an agreement and plan of merger with NASCAR. The deal is valued at approximately $2 billion.

Shareholders will receive $45 for each share.

This deal is expected to close this calendar year.

International Speedway Corp. owns 12 tracks that host NASCAR races, including Daytona International Speedway, Darlington Raceway and Homestead-Miami Speedway.

NASCAR issued a statement Wednesday: “We are pleased with the progress that the negotiation and execution of the merger agreement between NASCAR and ISC represents.  While important regulatory and shareholder approval processes remain, we look forward to the successful final resolution of this matter and continuing our work to grow this sport and deliver great racing experiences for our fans everywhere. With a strong vision for the future, the France family’s commitment to NASCAR and the larger motorsports industry has never been greater.”

NASCAR Chairman Jim France told competitors in the drivers meeting before the Daytona 500 that “this sport was built by families and we’re just a part of it. It’s so important that we remember that this is still a family business. Our family is committed to it.”

The agreement announced Wednesday allows NASCAR to control those tracks, along with Iowa Speedway, which it already owns. That could make it easier for NASCAR to move dates to take a date from one track to another. NASCAR President Steve Phelps has stated that the schedule is among the areas the sanctioning body is looking at making changes. NASCAR’s five-year sanctioning agreement with tracks ends after next season.

With NASCAR private, it won’t have to publicly report attendance revenue and other financials as ISC had to do as a publicly traded company.

ISC also announced that a class-action lawsuit that had been filed against it after NASCAR and ISC announced last November plans to merge will be dropped.

Speedway Motorsports Inc., which owns eight tracks that host NASCAR races, including Charlotte Motor Speedway, Las Vegas Motor Speedway and Texas Motor Speedway, announced April 24 that it had received a non-binding proposal from Sonic Financial Corp. to acquire all outstanding shares of common stock other than those already held by Sonic. Bruton Smith and his family own and control Sonic Financial Corp. Smith is the founder and majority stakeholder in Speedway Motorsports Inc.

The only tracks not owned by ISC or SMI that host Cup races are Pocono Raceway, Dover International Speedway and Indianapolis Motor Speedway.

Here is what upcoming NASCAR Cup races fans can attend

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Wednesday saw NASCAR announce the remaining regular season schedule for all three national series, including six Cup Series races.

In total, 10 Cup points races and the All-Star Race remain in the regular season, beginning with Sunday’s race at Kentucky Speedway (2:30 p.m. ET on FS1).

Due to the ongoing COVID-19 pandemic, not all tracks are allowing fans to attend.

Here are the fan policies for the remainder of the Cup Series regular season.

Kentucky Speedway (Sunday)

Fans will not be allowed to attend.

 

All-Star Race at Bristol Motor Speedway (July 15)

Up to 30,000 fans will be allowed to attend the race.

 

Texas Motor Speedway (July 19)

Fans making up to 50% of the track’s capacity will be allowed to attend.

 

Kansas Speedway (July 23)

Fans will not be able to attend.

 

New Hampshire Motor Speedway (Aug. 2)

Roughly 19,000 fans will be able to attend.

 

Michigan International Speedway (Aug. 8-9)

Fans will not be able to attend.

 

Daytona International Speedway (Aug. 16 and Aug. 29)

“We’re working towards having fans and hopefully we’ll have some news on when we’re going to go on sale in the next couple of days,” said track president Chip Wile Thursday on SiriusXM NASCAR Radio’s “The Morning Drive.”

 

Dover International Speedway (Aug. 22 – 23)

Speedway officials remain in consultation with local, state and federal health officials, as well as Delaware Gov. John Carney, on whether fans will be allowed in the stands with appropriate social distancing for the August events.

Weekend schedule for Kentucky Speedway

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NASCAR heads to the Bluegrass State this week for four days of racing at Kentucky Speedway.

All three national series will be in action, plus the ARCA Menards Series, for five races. The Xfinity Series will hold two races for its second doubleheader of the season.

According to wunderground.com, the forecast for the start of each race is:

Thursday Xfinity race: Partly cloudy, 86 degrees and a 20% chance of rain.

Friday Xfinity race: Scattered thunderstorms, 80 degrees and 37% chance of rain.

Saturday Truck Series race: Partly cloudy, 86 degrees and 0% chance of rain.

Sunday Cup race: Scattered thunderstorms, 84 degrees, 40% chance of rain.

Here is the full weekend schedule for Kentucky Speedway.

(All times are Eastern)

Wednesday, July 8

3:30 p.m. – Xfinity rookie meeting (electronic communication)

5 p.m. – Xfinity driver-crew chief meeting (electronic communication)

5:30 – 7:30 p.m. – Driver motorhome parking (screening in progress)

Thursday, July 9

11 a.m. – 1 p.m. – Xfinity haulers enter (screening in progress)

1 – 10:30 p.m. – Xfinity garage access (screening in progress)

6 – 7:30 p.m. – Xfinity engine prime and final adjustments (pit road)

7:50 p.m. – Xfinity drivers report to cars

8 p.m. – Xfinity race No. 1; 134 laps/201 miles (FS1, Performance Racing Network, SiriusXM NASCAR Radio)

Friday, July 10

10:30 a.m. – 7:30 p.m. – Xfinity garage access (screening in progress)

Noon – ARCA driver/crew chief/spotter meeting (electronic communication)

12:30 p.m. – ARCA rookie meeting (teleconference)

1 p.m. – ARCA crew chief meeting (teleconference)

4 – 5 p.m. – ARCA haulers enter (screening in progress)

5 – 5:30 p.m. – Truck Series rookie meeting (teleconference)

5:30 p.m. – Trucks driver/crew chief meeting (electronic communication)

6 – 7:30 p.m. – Xfinity engine prime and final adjustments (pit road)

7:50 – Xfinity drivers report to cars

8 p.m. – Xfinity race No. 2; 200 laps/300 miles (FS1, Performance Racing Network, SiriusXM NASCAR Radio)

Saturday, July 11

7 a.m. – 2 p.m. – ARCA garage access (screening in progress)

8 – 10 a.m. – Truck series haulers enter (screening and equipment unload)

10 a.m. – 5:30 p.m. – Truck garage access (screening in progress)

Noon – 1 p.m. – ARCA practice

2:20 p.m. – ARCA drivers report to cars

2:30 p.m. – ARCA race; 100 laps/150 miles (FS1)

4 – 5:30 p.m. – Trucks engine prime and final adjustments (garage area)

4:40 – 5:30 p.m. – ARCA haulers exit

5 p.m. – Cup driver/crew chief meeting (electronic communication)

5:30 p.m. – Cup rookie meeting (electronic communication)

5:50 p.m. – Truck drivers report to vehicles

6 p.m. – Truck race; 150 laps/225 miles (FS1, Motor Racing Network, SiriusXM NASCAR Radio)

6:30 – 8:30 p.m. – Cup haulers enter (screening and equipment unload)

8:30 p.m. – Truck haulers exit

Sunday, July 12

7:30 a.m. – 2 p.m. – Cup garage access (screening in progress)

12:30 – 2 p.m. – Engine prime and final adjustments on pit road

2:20 p.m. – Cup drivers report to cars

2:30 p.m. – Quaker State 400; 267 laps/400.5 miles (FS1, PRN, SiriusXM NASCAR Radio)

6:30 p.m. – Cup haulers exit

Thursday night’s Xfinity race at Kentucky: Start time, forecast and more

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A stretch of five races in four days at Kentucky Speedway begins Thursday night with the first of two Xfinity Series races.

It will mark the second doubleheader of the year for the Xfinity Series.

Can Chase Briscoe keep up a winning pace that’s seen him win three times in the last four races (and five overall thus far in the season’s first 13 races)?

Here’s all the info you need for Thursday night’s race:

(All times are Eastern)

START: The command to start engines will be at 8:13 p.m by Shady Rays CEO Chris Ratterman. The green flag is scheduled to wave at 8:24 p.m.

PRERACE: Garage access health screening begins at 1 p.m. (teams are assigned specific times). Engine prime and final adjustments are at 6 p.m. Drivers report to their cars at 7:50 p.m. The invocation will be given at 8:05 p.m by Jason Romano. The national anthem will be performed at 8:06 p.m. by Matthew Grant.

DISTANCE: The race is 134 laps (201 miles) around the 1.5-mile speedway.

STAGES: Stage 1 ends on Lap 30. Stage 2 ends on Lap 60.

TV/RADIO: FS1 will televise the race. Its coverage begins at 7:30 p.m. Performance Racing Network’s coverage will begin at 7:30 p.m. and also can be heard at goprn.com. SiriusXM NASCAR Radio will carry PRN’s broadcast.

FORECAST: The wunderground.com forecast calls for partly cloudy skies, a high of 86 degrees and a 24% chance of rain predicted at the start of the race.

LAST RACE: Chase Briscoe defeated Justin Haley and Noah Gragson to win on the Indianapolis road course.

LAST RACE AT KENTUCKY: Cole Custer beat Christopher Bell and Tyler Reddick.

STARTING LINEUP: Click here for lineup

Starting lineup for Saturday’s Truck Series race at Kentucky

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Brett Moffitt will start from the pole for Saturday’s NASCAR Gander RV and Outdoors Truck Series race at Kentucky Speedway (6 p.m. ET on FS1) thanks to a random draw.

He will be joined on the front row by Zane Smith. In fact, the first three drivers are all from GMS Racing: Moffitt, Smith and Tyler Ankrum, who will start third.

Rounding out the top five are Christian Eckes and Austin Hill.

Click here for the starting lineup 

NASCAR Truck Series at Kentucky

Race Time: 6 p.m. ET Saturday

Track: Kentucky Speedway; Sparta, Kentucky (1.5-mile speedway)

Length: 150 laps, 225 miles

Stages: Stage 1 ends on Lap 35. Stage 2 ends on Lap 70.

TV coverage: FS1

Radio: Motor Racing Network (also SiriusXM NASCAR Radio)

Streaming: Fox Sports app (subscription required); mrn.com and SiriusXM for audio (subscription required)

Next Cup race: Sunday at Kentucky (267 laps, 400.5 miles), 2:30 p.m. ET on Fox

Next Xfinity race: Thursday at Kentucky (134 laps, 201 miles), 8 p.m. ET on FS1

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