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.

Steve Torrence takes NHRA points lead with Gatornationals victory

NHRA Gainesville Steve Torrence
Jeff Robinson/Icon Sportswire via Getty Images
Leave a comment

GAINESVILLE, Fla. — Two-time defending NHRA Top Fuel champion Steve Torrence took the points lead Sunday in the AMALIE Motor Oil Gatornationals, beating his father, Billy, in the final round at Gainesville Raceway.

Torrence had a 3.809-second run at 322.11 mph to win for the third time this year and 39th overall. He is now on track for another championship despite missing the season opener.

“We’ve got some good momentum and to be in the points lead, it’s a testament to how hard these guys work,” Steve Torrence said after the NHRA Gainesville victory. “We’ve just got to stay focused and concentrate on what the task at hand is, and that’s trying to win a championship. These guys give me an unbelievable race car and you just try not to screw it up.”

Ron Capps won in Funny Car, Alex Laughlin in Pro Stock and Matt Smith in Pro Stock Motorcycle.

Capps raced to his second win this year and 66th overall, beating Tim Wilkerson with a 3.937 at 323.12 in a Dodge Charger SRT Hellcat.

Laughlin topped Aaron Stanfield with a 7.068 at 204.76 in a Chevrolet Camaro for his first win this season and fourth in his career. Smith rode to his first victory in 2020 and 25th overall, topping Andrew Hines with a 6.843 at 196.99 on an EBR.