The Des Moines Register is reporting that the Newton (Iowa) City Council has approved the transfer of ownership for the 7/8-mile Iowa Speedway from the U.S. Motorsports Corporation to Iowa Speedway, LLC. However, the major figures behind the track’s new ownership group have still not yet been revealed to the public.
“[We’re] fully aware of who the new entity is,” Newton mayor Mike Hansen said during today’s Council meeting according to the Register’s Bryce Miller. “And we’re extremely pleased…There will be an announcement shortly.”
The transfer involves multiple deals, include one for development on the land that Iowa Speedway sits on and a lease agreement with a nearby airport.
As for who could be the new mystery owners, it may be easier to figure out who wouldn’t be on that list at this point in time. To that end, Dustin Long of Motor Racing Network is reporting that a spokesperson for International Speedway Corporation (which owns 12 NASCAR facilities) has said they’re not involved with the Iowa purchase.
As for the other major NASCAR track conglomerate, Speedway Motorsports, Inc. (which owns 8 NASCAR facilities), Long writes that one of their spokespeople declined to comment altogether on the matter.
Much would need to be worked out, starting with how much garage and grandstand access would be afforded for a 2021 season opener that likely would occur during a still ongoing novel coronavirus (COVID-19) pandemic.
He was a spectator (with racing legend Mario Andretti) at four-time champion Jeff Gordon’s final Cup race as a full-time in the 2015 season finale at Homestead-Miami Speedway. In 2011, Hamilton swapped cars with three-time champion Tony Stewart at Watkins Glen International.
Having rubbed shoulders with other racing greats so often, it only would be fitting if Hamilton — who is one victory from tying Michael Schumacher’s career record and also could tie the F1 record with a seventh championship this season — spent some time with the greatest basketball player of all time.