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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MotoGP points leader Fabio Quartararo scores third win of season

MotoGP Fabio Quartararo
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Fabio Quartararo won the Catalan Grand Prix, recapturing the MotoGP points lead and his championship momentum Sunday with his third victory of the season.

Quartararo, who opened the season with his first two career victories in the premier series, took his first checkered flag in two months by winning at the Circuit de Barcelona-Catalunya aboard his Petronas Yamaha SRT.

The French rider opened an eight-point lead (108-100) over Joan Mir, who finished second Sunday. Alex Rins was third.

After winning the previous race, Maverick Vinales slipped to 18 points behind Quartararo after a ninth-place finish.

Andrea Dovizioso was the points leader entering the race but crashed his Ducati in the second turn and placed last. Dovizioso fell three spots to fourth in the championship rankings, 24 points behind Fabio Quartararo in MotoGP.