Sale deadline extended for dormant Nashville Superspeedway


Back in May, Dover Motorsports found a buyer for its 1.33-mile Nashville Superspeedway. But said buyer, NeXovation Inc., has yet to close on its purchase and has now received a third extension on its closing deadline to Jan. 26, 2015.

Andy Humbles of The Tennessean reports that according to a Dover Motorsports filing with the Securities and Exchange Commission, NeXovation agreed to release $1.1 million remaining in escrow to Dover and pay an extra $200,000 to get the deadline extended again.

The second deadline had been originally set for this Wednesday.

In all, NeXovation has now paid a non-refundable sum of $1.7 million to Dover. However, that sum will be applied toward the purchase price.

Dover sold the track to NeXovation in May for $27 million in cash and assumption of almost $19 million in bond obligations.

It was a regular host for the NASCAR XFINITY Series and Camping World Truck Series (2001-2011), as well as the Verizon IndyCar Series (2001-2008).

But with no prospect of a highly-coveted NASCAR Sprint Cup Series race coming to the Music City, Dover Motorsports chose not to renew its NASCAR licenses in the summer of 2011.

The track has not hosted a major auto racing event since that fall, and Dover Motorsports – once the owner of multiple tracks in the U.S. including NSS (Lebanon, Tenn.), Gateway Motorsports Park (Madison, Ill.), and Memphis Motorsports Park (Millington, Tenn.) – now only owns Dover International Speedway in Delaware.

Shortly after the announcement of the purchase, NeXovation CEO Robb Sexton indicated that his company wanted to develop NSS into a year-round facility with possible additions of a drag strip, dirt track, and short track that were in the original blueprints. Entertainment events and concerts have also been speculated as a possibility for the future.

Champion Marc Marquez leads MotoGP into virtual world Sunday

Sadiq Asyraf/Getty Images
Leave a comment

During its layoff because of the novel coronavirus (COVID-19) pandemic, MotoGP will become the latest racing series to enter the virtual world.

The MotoGP Virtual Race will be held at 9 a.m. ET Sunday, March 29 with 10 riders. It will be streamed on several platforms, including the Motorsports on NBC YouTube channel. Reigning series champion Marc Marquez is among the riders in the field.

The premier class of MotoGP has yet to hit the track this season as its opener was canceled and the next three races were postponed, including the Grand Prix of the Americas being moved from April 5 to Nov. 15.

Several other racing series have tried online racing in recent weeks.

IMSA held a “SuperSaturday at Sebring” March 21 in place of the postponed Mobil 1 Twelve Hours of Sebring. NASCAR started its Pro Invitational Series last Sunday at Homestead-Miami Speedway and will continue Sunday at Texas Motor Speedway. IndyCar kicked off its six-race IndyCar iRacing Challenge with a Saturday race at Watkins Glen International that was won by Sage Karam.