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Tuesday, July 5, 2022
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ISC Ready to be Acquired by NASCAR in $2-Billion Deal

 

It appears that NASCAR is just about set to take over ownership of ISC (International Speedway Corporation). ISC announced that they have been offered a price of $45 per outstanding share by the sanctioning body, which equates to roughly a $2-billion deal.

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The deal of course still has to be signed off on by non-France family members who hold stock in the company. NASCAR released a statement about the deal on Wednesday:

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If the deal does go through, NASCAR will own some of the sport’s premier racing facilities including Daytona International Speedway, Homestead-Miami Speedway and ISM Raceway at Phoenix. This would do two things.

For starters it would make NASCAR able to make changes to the schedule easily that involves any of the ISC race tracks.

It would also make the sanctioning body more attractive if the France family was indeed shopping the sport to be sold like was heavily rumored a season ago.

Toby Christie
Toby Christiehttps://tobychristie.com
Toby is the Founder, and Editor-in-Chief of TobyChristie.com. Toby is also the co-host of The Final Lap Weekly Podcast. Additionally, he is a NMPA (National Motorsports Press Association) award-winning writer, and has followed the sport as a fan since 1993.

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