Dover Motorsports Inc. reaches agreement to sell Nashville Superspeedway

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The once vast holdings of Dover Motorsports Inc., will soon be down to only its flagship facility, Dover International Speedway, site of this weekend’s FedEx 400 Sprint Car race.

The company announced Thursday that it has agreed to sell Nashville Superspeedway in Lebanon, Tenn., to NeXovation for $27 million in cash and assumption of an estimated $18 million in variable rate tax exempt infrastructure revenue bonds.

“This is a great deal for all concerned insofar as we can transfer an under-utilized, high quality asset to NeXovation, who will create and implement a new business model and re-activate Nashville Superspeedway for the benefit of everyone in the area,” Dover Motorsports CEO Denis McGlynn said in a statement announcing the agreement.

The sale is expected to formally close sometime this fall.

DMI previously also owned Gateway International Raceway in suburban St. Louis (Madison, Ill.) and Memphis Motorsports Park (Millington, Tenn.).

Gateway closed in 2010 but reopened in 2012. Memphis closed in 2009 but reopened in 2011. And Nashville closed in 2012.

DMI also previously owned the Dover Downs harness racing facility next to DIS.

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Alex Lynn to make Formula E debut in New York with DS Virgin

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Alex Lynn will make his Formula E debut with DS Virgin Racing in New York next month in place of Jose Maria Lopez.

Lynn joined DS Virgin back in January in a reserve role as part of an extensive racing plan for 2017 that also included appearances in the IMSA WeatherTech SportsCar Championship and at the Nürburgring 24 Hours.

The Briton angled for a full-time move into Formula E last year, testing for Jaguar, and will now make his long-awaited debut in the all-electric series in New York on July 15-16.

Lopez is unable to race in New York due to clashing commitments in the FIA World Endurance Championship with Toyota at the Nürburgring, freeing up a seat for Lynn.

“I’m delighted to be racing for the DS Virgin Racing team. Formula E has always impressed me with its combination of advanced technology, iconic city center locations and some of the best drivers in the world,” Lynn said.

“We have a lot of testing and simulator work to do before the New York event, but I’m confident I can show what I’m capable of during my rookie debut in the Big Apple.”

Lynn will race alongside Sam Bird in New York, who opted to prioritize his Formula E duties over his planned WEC appearance with AF Corse at the Nürburgring.

Lynn will also be missing the race at the Nürburgring, but will return to G-Drive Racing’s LMP2 line-up for the following round in Mexico City in September.

From Castroneves to Newgarden, chemistry helps power Penske

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ELKHART LAKE, Wis. (AP) As usual, Helio Castroneves took charge.

Castroneves and Simon Pagenaud came in early for their news conference after a good practice at Road America for the Team Penske drivers. Castroneves, still in his firesuit, picked up the microphone and started moderating the discussion as if he was a veteran announcer.

“You’re such a natural,” Pagenaud said to laughter. “The guy is great.”

Chemistry on and off the track has helped fuel Team Penske’s IndyCar success. All four Penske drivers are sixth or better in the points race, within 63 or less of leader Scott Dixon.

“Between us, yes, we want to kick everybody inside the team,” Castroneves said. “But we want to give the win, we want to give the championship to Roger (Penske). But we know in the end of the day, working together, racing hard … but fair, everybody’s going to be benefit from that.”

The three-time Indianapolis 500 winner is a headliner on another impressive IndyCar roster for Penske. Pagenaud is the reigning champion. Will Power is a former series champ.

Josef Newgarden is the new guy after joining Penske in the offseason from tiny Ed Carpenter Racing. Newgarden, who finished fourth in the series last year, is the first American driver on Penske’s open-wheel roster since Sam Hornish Jr. in 2007.

The quartet dominated practice and qualifying at Road America last weekend, with Castroneves taking the pole while his teammates filled out the rest of the front row. A large team allows drivers to share information, giving Penske an advantage over teams with fewer cars.

“We have on-board cameras, have data, have notes from the session. If you wanted to hide something, you just can’t,” Power said.

Added Newgarden: “Really, it’s like impossible. No joke. It’s 100% impossible to hide anything.”

Not that they seem to mind. The addition of Newgarden has appeared to be seamless since he replaced Juan Pablo Montoya. They poked fun at each other all weekend in Wisconsin.

Newgarden, who turns 27 in December, is one of the circuit’s up-and-coming stars. A friendly demeanor meshes well with Castroneves, the jovial veteran of the group in his 20th season.

“First of all, his talent, it definitely (suits) the team,” Castroneves said of Newgarden. “Well, his personality, it helps, too. He’s a guy that fits in.”

Known for his outgoing personality, the 42 year-old Castroneves seemed as energetic as ever at Road America after winning the pole.

“He gets faster as he gets older, like wine, matured,” Power said.

The drivers look like mischievous middle-school boys on a series of lighthearted videos produced by Team Penske. The “Penske Games” include activities like building a Lego race car ; saying the alphabet backward ; and twirling a hula hoop.

“All right, everyone, `Dancing with the Stars,”‘ said Castroneves, the 2007 winner of the reality TV show competition. “We didn’t have this on Dancing with the Stars, but it’s OK.”

Pagenaud looked mystified .

“Well, I’ve never done it,” Pagenaud said.

Newgarden swayed and smiled into the camera.

“It’s all in the hips. That’s what Helio would tell you,” he joked.

They’re much more competitive on the track and for good reason: All are in championship contention.

With Pagenaud using fresh tires, Power blocked his teammate around a turn in lap 15 at Road America. Race officials penalized Power and ordered him to give up one spot on the track.

“We were just caught up in things all day,” said Power, sixth in the points race overall. He finished fifth at Road America.

It was still a good day overall for Penske, with Newgarden finishing second, followed by Castroneves and Pagenaud. It was a reward that comes with the cooperation between the drivers, engineers and mechanics.

But Dixon spoiled the Penske party after the Chip Ganassi Racing veteran won the Wisconsin race. The series resumes July 9 at Iowa.

“It’s kind of disappointing that Team Penske didn’t get the win here today considering how strong all of the cars were. That’s the way it goes sometimes,” Castroneves said. “We’ll come back ready to go for Iowa.”

 

Indy Lights: Chad Boat to make Indy Lights debut with Belardi

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Belardi Auto Racing, which currently fields entries for Aaron Telitz, Santi Urrutia, and Shelby Blackstock in the Indy Lights Presented by Cooper Tires, announced on Tuesday that USAC standout Chad Boat, son of former Verizon IndyCar Series race winner Billy Boat, will make his Indy Lights debut with the Brian Belardi led-outfit. Boat will contest the July 9 race at Iowa Speedway, a track he has previously raced on in the NASCAR Xfinity Series, and will return for the August 26 event at Gateway Motorsports Park.

“We’re extremely pleased to announce the addition of Chad Boat to our stable of drivers for the Iowa and Gateway Indy Lights oval races this summer,” team owner Brian Belardi detailed. “It’s exciting to have a second-generation driver running with us, and we’re certainly looking forward to getting Chad on track in Iowa.”

The younger Boat has become a star in his own right in USAC, winning Rookie of the Year honors in both the USAC National Midget and Sprint car divisions. The 25-year-old will pilot the No. 84 entry, with sponsorship from Pristine Auction.

“I grew up watching my dad race Indy cars, so having the opportunity to run Indy Lights this year is absolutely surreal,” said Boat. “I have to thank Belardi Auto Racing for giving me a shot behind the wheel of the No. 84 Dallara, as well as Pristine Auction for their continued support in my racing career. I can’t wait to get to Iowa Speedway.”

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Mercedes, Ferrari go conservative on Austrian GP tire picks

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Pirelli has confirmed all 20 Formula 1 drivers’ tire picks for next weekend’s Austrian Grand Prix at the Red Bull Ring in Spielberg, with most opting to stack up on ultra-softs.

As it does for every grand prix, Pirelli will bring three compounds to Austria next week, electing for the softest possible combination of ultra-soft, super-soft and soft tires.

In the regular pre-race release of each driver’s tire picks, Pirelli revealed that Force India, McLaren and Red Bull have gone down the most aggressive routes, stacking up on the ultra-soft tire.

Title contenders Mercedes and Ferrari have gone down a more conservative route, favoring additional sets of the super-soft compound.

Ferrari drivers Sebastian Vettel and Kimi Raikkonen will take seven sets of ultra-softs to Spielberg, while Mercedes’ Lewis Hamilton and Valtteri Bottas will have eight sets at their disposal through the weekend.