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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.

Questions and answers about the 2020 Cup schedule

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NASCAR’s 2020 Cup schedule created much for fans and competitors to discuss Tuesday.

A new championship race. A doubleheader weekend. Iconic tracks changing dates and three playoff cutoff races that could be brutal.

Here are answers to some of the questions from the schedule reveal.

Why is the championship race moving from Homestead-Miami Speedway to ISM Raceway?

Homestead-Miami Speedway provides arguably the best racing at a 1.5-mile track. Leaving it as the title race could leave a void.

ISM Raceway is a tight 1-mile track where passing can be difficult — although Kyle Larson showed earlier this month that one can gain several spots on a restart if they’re willing to use the high line after a restart.

So why the move indeed?

“Going to the same tracks year in and year out could potentially favor certain drivers,” said Steve O’Donnell, NASCAR’s chief racing development officer, in a conference call with the media. “We wanted to take a look if we had the opportunity to go to another venue, what would that be.”

It also didn’t hurt that Ford’s contract as the sponsor of the championship weekend in Miami ends after this season, making a move easier.

And International Speedway Corp. spent about $180 million renovating ISM Raceway. When you have something shiny and new, you want to show it off. The championship race is one of the best chances to do so.

How long will the championship race be at ISM Raceway?

O’Donnell said: “I think our hope would be to stay there for a little while. I think with any venue you want to see it have a chance and grow a little bit and see how it works. … This wasn’t a decision we said, ‘hey let’s just go there for a year and rotate it. Our intention is to stay there a few years.”

Mike Helton, NASCAR vice chairman, said at ISM Raceway that “we are only talking about 2020 right now. What the future holds, we’ll see.”

Joey Logano voiced his desire for moving the title race around, saying on the NASCAR.com show after the schedule was revealed: “I kind of like that (the title race) has moved. I think it we should move it every year like the Super Bowl.”

Who does this move favor if they make it to the championship race?

Kyle Busch. He has won the past two races there and has an average finish of 2.9 there since 2016. If NASCAR keeps the title race at ISM Raceway for a few years, Busch could be the one who benefits the most. He has made it to the championship finale each of the past four years.

Kevin Harvick has a track-record nine wins there but he will be 44 next year when the finale is there, so he will likely have few opportunities to turn that success into another title.

Of course, the key is making it to the championship race.

How much more difficult did it get to advance in the playoffs?

It could be significantly harder. The cutoff races in next year’s playoffs will be Bristol (round one), Charlotte Roval (round two) and Martinsville (round three).

NASCAR has two shorts tracks and the Roval as cutoff races. That makes it easier for drivers to beat and bang should they need to do so for the win to advance or to gain a position and score enough points to advance. When drivers make contact, anything can happen.

Why a doubleheader at Pocono?

O’Donnell said that NBC had expressed interest in such a concept. The Pocono races will be held during the portion of the season NBC and NBCSN broadcast the races.

O’Donnell said NASCAR talked to “a number” of tracks about it and Pocono was willing to do it.

What about those races?

Details are to be worked out. O’Donnell noted that the Xfinity and Truck series will also be there with a plan of a Truck/Cup doubleheader on Saturday (June 27) and Xfinity/Cup doubleheader on Sunday (June 28). Oh, ARCA also is expected to be there, so there will be a lot of racing crammed into the weekend. Let’s hope for good weather.

“I think it’s neat, to see two back-to-back races at Pocono,” Ryan Blaney said on the NASCAR.com show. “That’s going to be really exciting.”

Why did Daytona move off its traditional spot of being on or near July 4 to being the regular-season finale on Aug. 29?

O’Donnell said those in the sport wanted to make it the regular-season finale, adding drama to the last race.

Indianapolis Motor Speedway takes over Daytona’s date. But what about the heat there?

IMS officials noted the cooler temperatures for the fans when the track’s date switched from July to September last year.

As for the issue about heat, O’Donnell said: “I think it’s hot in Daytona on July 4th. A bit of a myth to say it’s hot in a certain market.”

Why is the Clash still on its own weekend a week before the Daytona 500 and why is the All-Star Race still on a weekend of its own?

O’Donnell said that NBC, which broadcasts the last 20 races of the season, wanted to end on Veteran’s Day weekend in November. With the back-to-back off weekends in August because of NBC’s airing of the Summer Olympics, it didn’t make sense to truncate the Daytona or All Star/Coca-Cola 600 schedule.

When are the 2020 Xfinity and Gander Outdoors Truck schedules coming out?

O’Donnell said he hoped those could be released in the next week or so.

What about the 2021 schedule?

O’Donnell said: “I think some of the moves were made (this year) thinking ahead. We still have a lot to look at for 2021.”

The five-year sanctioning agreements NASCAR has with tracks ends after the 2020 season. That means NASCAR could change what tracks are on the schedule.

What about the future of the All-Star Race?

O’Donnell was asked if that event could be put on a rotating basis at some point. He said: “If we’re going to do that, we need to make sure it works for both Charlotte and a potential new venue.  That is something we’ve had discussions on. … Still a little premature for 2021.”

 

2020 NASCAR Cup Schedule

DATE

RACE/TRACK

Sunday, Feb. 9

The Clash

Thursday, Feb. 13

Duel at Daytona

Sunday, Feb. 16

Daytona 500

Sunday, Feb. 23

Las Vegas Motor Speedway

Sunday, March 1

Auto Club Speedway

Sunday, March 8

ISM Raceway

Sunday, March 15

Atlanta Motor Speedway

Sunday, March 22

Homestead-Miami Speedway

Sunday, March 29

Texas Motor Speedway

Sunday, April 5

Bristol Motor Speedway

Sunday, April 19

Richmond Raceway

Sunday, April 26

Talladega Superspeedway

Sunday, May 3

Dover International Speedway

Saturday, May 9

Martinsville Speedway

Saturday, May 16

All-Star Race, Charlotte

Sunday, May 24

Charlotte Motor Speedway

Sunday, May 31

Kansas Speedway

Sunday, June 7

Michigan International Speedway

Sunday, June 14

Sonoma Raceway

Sunday, June 21

Chicagoland Speedway

Saturday, June 27

Pocono Raceway

Sunday June 28

Pocono Raceway

Sunday July 5

Indianapolis Motor Speedway

Saturday July 11

Kentucky Speedway

Sunday, July 19

New Hampshire Motor Speedway

Sunday, Aug. 9

Michigan International Speedway

Sunday, Aug. 16

Watkins Glen International

Sunday, Aug. 23

Dover International Speedway

Saturday, Aug. 29

Daytona International Speedway

PLAYOFFS BEGIN

Sunday, Sept. 6

Darlington Raceway

Saturday, Sept. 12

Richmond Raceway

Saturday, Sept. 19

Bristol Motor Speedway

Sunday, Sept. 27

Las Vegas Motor Speedway

Sunday, Oct. 4

Talladega Superspeedway

Sunday, Oct. 11

Charlotte Motor Speedway

Sunday, Oct. 18

Kansas Speedway

Sunday, Oct. 25

Texas Motor Speedway

Sunday, Nov. 1

Martinsville Speedway

Sunday, Nov. 8

ISM Raceway

Jerry Bonkowski contributed to this report

2020 Cup schedule features new finale, doubleheader weekend and more

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The 2020 Cup season will end at a different site for the first time in nearly two decades, one of many changes that includes a doubleheader weekend, date swapping among iconic tracks and the season concluding earlier.

The championship race moves to ISM Raceway near Phoenix. It replaces Homestead-Miami Speedway, which has been the season finale since 2002.

Next year’s finale at ISM Raceway will be Nov. 8, marking the earliest finish to the Cup schedule since 1998, which also ended Nov. 8.

Here are among the changes to the schedule:

# Homestead-Miami Speedway moves from its season-ending spot to March 22 and will be the sixth race of the season.

# Daytona’s second race will move from its traditional July date to Aug. 29 (a Saturday) and be the regular-season finale.

# Indianapolis Motor Speedway’s date moves from September to July 5 and takes Daytona’s spot.

# Bristol’s August dates moves to Sept. 19 (a Saturday) and will be in the playoffs. It will be the cutoff race for the first round.

# Martinsville’s fall race becomes the cutoff race for the third round of the playoffs on Nov. 1.

# Martinsville’s spring race moves from March to May 9 (Mother’s Day weekend) and will be held on Saturday. Clay Campbell, president of Martinsville Speedway, said in a statement: “This is a very exciting day for Martinsville Speedway. It’s a question we’ve gotten from fans literally every day since we installed the lights and we are now able to say, ‘May 9, 2020.’ So, this is a very exciting day for everyone involved.”

# Pocono will host a doubleheader weekend with Cup races on June 27 and June 28. Race lengths have yet to be announced for those events. Nick Igdalsky, president and CEO of Pocono Raceway, said in a statement: “Pocono Raceway will be a marquee, bucket-list event next year. We will be the first track to host two, points-paying Cup races in consecutive dates in NASCAR’s modern era (1972-present).”

# The West Coast swing — Las Vegas, ISM Raceway and Auto Club Speedway — will follow the Daytona 500.

# Atlanta Motor Speedway moves off its February date as the second race of the season to March 15 and will be the fifth race of the year.

# The Southern 500 at Darlington Raceway will begin the playoffs on Sept. 6.

Here is the 2020 Cup schedule:

DATE

RACE/TRACK

Sunday, Feb. 9

The Clash

Thursday, Feb. 13

Duel at Daytona

Sunday, Feb. 16

Daytona 500

Sunday, Feb. 23

Las Vegas Motor Speedway

Sunday, March 1

Auto Club Speedway

Sunday, March 8

ISM Raceway

Sunday, March 15

Atlanta Motor Speedway

Sunday, March 22

Homestead-Miami Speedway

Sunday, March 29

Texas Motor Speedway

Sunday, April 5

Bristol Motor Speedway

Sunday, April 19

Richmond Raceway

Sunday, April 26

Talladega Superspeedway

Sunday, May 3

Dover International Speedway

Saturday, May 9

Martinsville Speedway

Saturday, May 16

All-Star Race, Charlotte

Sunday, May 24

Charlotte Motor Speedway

Sunday, May 31

Kansas Speedway

Sunday, June 7

Michigan International Speedway

Sunday, June 14

Sonoma Raceway

Sunday, June 21

Chicagoland Speedway

Saturday, June 27

Pocono Raceway

Sunday June 28

Pocono Raceway

Sunday July 5

Indianapolis Motor Speedway

Saturday July 11

Kentucky Speedway

Sunday, July 19

New Hampshire Motor Speedway

Sunday, Aug. 9

Michigan International Speedway

Sunday, Aug. 16

Watkins Glen International

Sunday, Aug. 23

Dover International Speedway

Saturday, Aug. 29

Daytona International Speedway

PLAYOFFS BEGIN

Sunday, Sept. 6

Darlington Raceway

Saturday, Sept. 12

Richmond Raceway

Saturday, Sept. 19

Bristol Motor Speedway

Sunday, Sept. 27

Las Vegas Motor Speedway

Sunday, Oct. 4

Talladega Superspeedway

Sunday, Oct. 11

Charlotte Motor Speedway

Sunday, Oct. 18

Kansas Speedway

Sunday, Oct. 25

Texas Motor Speedway

Sunday, Nov. 1

Martinsville Speedway

Sunday, Nov. 8

ISM Raceway

 

NASCAR Cup Series race start times announced for 2019

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NASCAR has announced its race start times for the 2019 Cup Series season, with a notable change in start time for the playoff opener at Las Vegas Motor Speedway.

After a start time of 3 p.m. ET this year, next season’s race will begin at 7 p.m. ET/4 p.m. PT on NBCSN.

“Moving the start time for the September race at Las Vegas Motor Speedway is fitting because it will deliver a better experience for our fans attending the race, and kick off the Monster Energy NASCAR Cup Series Playoffs in primetime,” said Steve Herbst, NASCAR’s Senior Vice President of Broadcasting and Production in a press release. “Each race weekend, including Las Vegas, is unique, and we work collaboratively with broadcast partners, teams and tracks to ensure the ideal timing is selected for our events.”

Other notable start times:

  • The Daytona 500 is scheduled for Feb. 17 at 2:30 p.m. ET on FOX.
  • The March 31 race at Texas Motor Speedway will start one hour later, moving from a 2 p.m. ET start to 3 p.m. ET. The race also moves to FOX.
  • The start time for New Hampshire Motor Speedway’s July 22 starts one hour later, moving from 2 p.m. ET to 3 p.m. ET.
  • Martinsville Speedway’s Oct. 28 playoff shifts a half-hour later to a 3 p.m. ET start.

Here’s the full schedule with start times and TV and radio networks:

DATE

RACE

NETWORK

RACE START (ET)

RADIO

Sun, Feb 10, 2019

Daytona 500 Qualifying

FOX

12:00 PM

MRN

Sun, Feb 10, 2019

The Clash

FS1

3:00 PM

MRN

Thu, Feb 14, 2019

Duel at Daytona

FS1

7:00 PM

MRN

Sun, Feb 17, 2019

Daytona 500

FOX

2:30 PM

MRN

Sun, Feb 24, 2019

Atlanta

FOX

2:00 PM

PRN

Sun, Mar 03, 2019

Las Vegas

FOX

3:30 PM

PRN

Sun, Mar 10, 2019

ISM Raceway

FOX

3:30 PM

MRN

Sun, Mar 17, 2019

Auto Club Speedway

FOX

3:30 PM

MRN

Sun, Mar 24, 2019

Martinsville

FS1

2:00 PM

MRN

Sun, Mar 31, 2019

Texas

FOX

3:00 PM

PRN

Sun, Apr 07, 2019

Bristol

FS1

2:00 PM

PRN

Sat, Apr 13, 2019

Richmond

FOX

7:30 PM

MRN

Sun, Apr 28, 2019

Talladega

FOX

2:00 PM

MRN

Sun, May 05, 2019

Dover

FS1

2:00 PM

MRN

Sat, May 11, 2019

Kansas

FS1

7:30 PM

MRN

Sat, May 18, 2019

All-Star Open

FS1

6:00 PM

MRN

Sat, May 18, 2019

All-Star Race

FS1

8:00 PM

MRN

Sun, May 26, 2019

Charlotte

FOX

6:00 PM

PRN

Sun, Jun 02, 2019

Pocono

FS1

2:00 PM

MRN

Sun, Jun 09, 2019

Michigan

FS1

2:00 PM

MRN

Sun, Jun 23, 2019

Sonoma

FS1

3:00 PM

PRN

Sun, Jun 30, 2019

Chicagoland

NBCSN

3:00 PM

MRN

Sat, Jul 06, 2019

Daytona

NBC

7:30 PM

MRN

Sat, Jul 13, 2019

Kentucky

NBCSN

7:30 PM

PRN

Sun, Jul 21, 2019

New Hampshire

NBCSN

3:00 PM

PRN

Sun, Jul 28, 2019

Pocono

NBCSN

3:00 PM

MRN

Sun, Aug 04, 2019

Watkins Glen

NBCSN

3:00 PM

MRN

Sun, Aug 11, 2019

Michigan

NBCSN

3:00 PM

MRN

Sat, Aug 17, 2019

Bristol

NBCSN

7:30 PM

PRN

Sun, Sep 01, 2019

Darlington

NBCSN

6:00 PM

MRN

Sun, Sep 08, 2019

Indianapolis

NBC

2:00 PM

IMS

Sun, Sep 15, 2019

Las Vegas

NBCSN

7:00 PM

PRN

Sat, Sep 21, 2019

Richmond

NBCSN

7:30 PM

MRN

Sun, Sep 29, 2019

Charlotte

NBC

2:30 PM

PRN

Sun, Oct 06, 2019

Dover

NBCSN

2:30 PM

MRN

Sun, Oct 13, 2019

Talladega

NBC

2:00 PM

MRN

Sun, Oct 20, 2019

Kansas

NBC

2:30 PM

MRN

Sun, Oct 27, 2019

Martinsville

NBCSN

3:00 PM

MRN

Sun, Nov 03, 2019

Texas

NBCSN

3:00 PM

PRN

Sun, Nov 10, 2019

ISM Raceway

NBC

2:30 PM

MRN

Sun, Nov 17, 2019

Homestead-Miami

NBC

3:00 PM

MRN

 and on Facebook

Penalty report from Miami

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NASCAR issued a $10,000 fine against Aric Almirola‘s crew chief, John Klausmeier, for an unsecured lug nut after Sunday’s Cup season finale.

Almirola finished ninth in the race.

No other penalties were announced.