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.

Zach Veach splits with Andretti Autosport for rest of IndyCar season

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Zach Veach will be leaving his Andretti Autosport ride with three races remaining in the season, choosing to explore options after the decision was made he wouldn’t return for 2021.

In a Wednesday release, Andretti Autosport said a replacement driver for the No. 26 Dallara-Honda would be named in the coming days. The NTT IndyCar Series will race Oct. 2-3 at the Indianapolis Motor Speedway road course and then conclude the season Oct. 25 on the streets of St. Petersburg, Florida.

Veach was ranked 11th in the points standings through 11 races of his third season with Andretti. Since a fourth in the June 6 season opener at Texas Motor Speedway, he hadn’t finished higher than 14th.

“The decision was made that I will not be returning in 2021 with Andretti Autosport in the No. 26 Gainbridge car,” Veach said in the Andretti release. “This, along with knowing that limited testing exists for teams due to COVID, have led me to the decision to step out of the car for the remainder of the 2020 IndyCar season. I am doing this to allow the team to have time with other drivers as they prepare for 2021, and so that I can also explore my own 2021 options.

“This is the hardest decision I have ever made, but to me, racing is about family, and it is my belief that you take care of your family. Andretti Autosport is my family and I feel this is what is best to help us all reach the next step. I will forever be grateful to Michael and the team for all of their support over the years. I would not be where I am today if it wasn’t for a relationship that started many years ago with Road to Indy. I will also be forever grateful to Dan Towriss for his friendship and for the opportunity he and Gainbridge have given me.

“My love for this sport and the people involved is unmeasurable, and I look forward to continuing to be amongst the racing world and fans in 2021.”

Said team owner Michael Andretti: “We first welcomed Zach to the Andretti team back in his USF2000 days and have enjoyed watching him grow and evolve as a racer, and a person. His decision to allow us to use the last few races to explore our 2021 options shows the measure of his character.

“Zach has always placed team and family first, and we’re very happy to have had him as part of ours for so many years. We wish him the best in whatever 2021 may bring and will always consider him a friend.”

Andretti fields five full-time cars for Veach, Alexander Rossi, Ryan Hunter-Reay, Marco Andretti and Colton Herta.

It also has fielded James Hinchcliffe in three races this season.