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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.

Saturday schedule for Xfinity, Truck Series

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The Xfinity Series competes at Road America today while the Gander Outdoors Truck Series begins its weekend in Canada.

wunderground.com forecasts sunny skies and a high of 70 degrees at the start of the Xfinity race.

The forecast for Canadian Tire Motorsport Park is for sunny skies, a high of 71 degrees and a 10% chance of rain.

Here’s the day’s full schedule with TV and radio info.

Saturday, Aug. 24

Road America

8 a.m. – Xfinity garage opens

11:40 a.m. – Xfinity qualifying; multi-car/two rounds (NBC Sports App live, NBCSN to air it at 1:30 p.m.)

1:35 p.m. – Driver-crew chief meeting

2:30 p.m. – Driver introductions

3 p.m. – CTECH Manufacturing 180; 45 laps/182.16 miles (NBCSN, Motor Racing Network, SiriusXM NASCAR Radio)

 

Canadian Tire Motorsport Park

7 a.m. – 5:30 p.m. – Truck garage open

9:35 – 10:25 a.m. ET – Truck practice (No TV)

11:35 – 12:55 p.m. – Final Truck practice (No TV)

Report: Justin Allgaier returning to JR Motorsports in 2020

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Justin Allgaier confirmed to Catchfence.com Friday that he will remain with JR Motorsports in 2020.

It will be Allgaier’s fifth season in the Xfinity Series with JRM.

“I will be back next year. Same deal,” Allgaier told Catchfence.com “Everything is good. We’re doing the same thing next that we are doing right now.”

Allgaier, 33, is fourth is the point standings entering this weekend’s race at Road America (3 p.m. Saturday on NBCSN).

Allgaier is the only driver in the top six in points without a win this year.

 

Xfinity Series practice report from Road America

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Christopher Bell was fastest in the final Xfinity Series practice Friday at Road America.

Bell posted a top speed of 108.562 mph around the road course.

The top five was completed by Matt DiBenedetto (108.106 mph), AJ Allmendinger (108.091), Justin Haley (107.927) and Cole Custer (107.895).

Chase Briscoe recorded the most laps in the session with 19.

The session was stopped with about 50 minutes left for a hard crash by Brandon Jones exiting Turn 11. Jones will go to a backup car for Saturday’s race.

Just before Jones’ wreck, the left-rear truck arm mount broke on Jeremy Clements‘ No. 51 Chevrolet and his car stalled on the track.

The red flag was brought out for the second time when Preston Pardus’ No. 43 Chevrolet stalled on the track. His car then stalled a second time in the final minute of the session.

The session had a third red flag when Josh Williams‘ car stalled on the track.

Click here for the practice report.

First Practice

Bell was fastest, posting a top speed of 108.559 mph around the road course.

The top five was completed by defending race winner Justin Allgaier (108.530 mph), Cindric (108.346), DiBenedetto (108.139) and Allmendinger (107.967).

Chase Briscoe recorded the most laps with 14.

The session was stopped once for debris with 35 minutes left in the session.

Minor incidents in the session included Noah Gragson briefly going off course and a spin by Dexter Bean.

Click here for the practice report.

Updated entry lists for Xfinity, Truck Series this weekend

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While the NASCAR Cup Series will be off this weekend, that doesn’t mean there won’t be any racing.

On the contrary, the Xfinity Series will be racing Saturday at Road America and the Truck Series will compete Sunday at Canadian Tire Motorsport Park.

Here are the entry lists for both series:

Xfinity – CTECH Manufacturing 180 (3 p.m. ET Saturday on NBCSN)

There are 38 cars entered.

Regan Smith will be in the No. 8 J.R. Motorsports Chevrolet.

A.J. Allmendinger will drive the No. 10 Kaulig Racing Chevrolet.

Saturday’s Cup runner-up, Matt DiBenedetto, will drive the No. 18 Joe Gibbs Racing Toyota.

Ryan Vargas is entered in JD Motorsports’ No. 4 Chevrolet for his second start of the year.

Click here for the entry list.

Trucks – Chevrolet Silverado 250 (2:30 p.m. ET Sunday on FS1)

There are only 29 Trucks listed for the entry list. A full field would be 32 trucks.

Alex Tagliani is entered in Kyle Busch Motorsports’ No. 51 Toyota for his first start of the year.

Dylan Lupton is entered in Young’s Motorsports’ No. 20 Chevrolet.

Click here for the entry list.

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