Deadline nears for sale of historic Rockingham Speedway

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According to a story in the Richmond County (N.C.) Daily Journal, owners of the Rockingham Speedway have only three days to sell the former NASCAR oval in North Carolina or agree to auction it off to avoid foreclosure.

The deadline for the signing of a sale or auction agreement is this Thursday (New Year’s Day), and if a sale is not reached, the track must go on the auction block by March 15, 2015.

This past September, a Superior Court judge issued a temporary restraining order that allowed track co-owners Andy Hillenberg and Bill Silas more time to hammer out an agreement with N.C.-based Farmers & Merchants Bank. The bank had taken the two to court over the failure to pay back a loan of $4.2 million on the speedway property.

Then in October, the same judge, David Lee, signed a consent order that allowed current track ownership to find a new owner or arrange an auction by Jan. 1. The Daily Journal reports that since October, no other legal filings have been added in the case according to the Richmond County Clerk of Superior Court’s office.

“The Rock” hosted the NASCAR Sprint Cup Series from 1965-2004, and recently attempted a comeback on the NASCAR scene with Camping World Truck Series events in 2012 and 2013. But the track’s current financial problems ultimately spelled the end of the Trucks at the one-mile oval.

NEOM McLaren Formula E announces Jake Hughes will join Rene Rast for 2023 season

McLaren Formula E Hughes
McLaren Racing
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Doubling down on their commitment to electric auto sports, McLaren Racing announced Jake Hughes will join Rene Rast to compete in the 2023 Formula E Series (FE), which completes their driver lineup.

The NEOM McLaren FE team was formed by the acquisition of the Mercedes-EQ Formula E team that won the 2021 and 2022 championships with Stoffel Vandoorne and Nyck de Vries behind the wheel.

“Today’s announcement feels like a long time coming,” said Ian James, managing director of NEOM McLaren Electric Racing in a release. “Since May this year, when we first announced McLaren Racing’s entry into Formula E, we have been working tirelessly to get in place the best possible team and structure for sustainable success.

“On the one hand, we have been working on the retention of the amazing talent that already was in place before going into the transitional phase. I’m proud to say I think we’ve done a great job on that front.

“On the other hand, we have been focusing on putting in place new processes and new talent – and the latter includes the drivers.”

The driver lineup clasps the two hands together.

Hughes brings 10 years racing experience in single seater cars, including a role with the acquired Mercedes-EQ team as a reserve and development driver for the past two seasons. He is the 2013 BRDC Formula 4 champion and has multiple wins in Formula 2, including two in 2020.

Announced in August, Rast joins the team after earning two podium finishes and six top-fives in 22 career Formula E starts for Audi Sport ABT before returning to the DTM Series last year. Rast’s best finish in Formula E came in the Puebla E Prix when he finished second to teammate Lucas di Grassi by less than a half second.

McLaren’s commitment to Formula E comes one year after they entered the Extreme E rally series in 2022 with Tanner Foust and Emma Gilmour in the driver lineup. After a modest start to the season, the McLaren XE drivers crossed the finish line first in Round 4 in Chile, but were assessed a time penalty that dropped them to fifth. Last week in the season finale in Uruguay, they held onto a hard-earned second place finish.