NASCAR Jim France

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NASCAR Closes Merger with ISC

Photo by Matt Sullivan/Getty Images

Jim France Will Serve as Chairman & CEO, Lesa France Kennedy Will Serve as Executive Vice Chair in New, Unified Company Under Steve Phelps’ Leadership

DAYTONA BEACH, Fla. (October 18, 2019) – NASCAR today announced that it has successfully closed its acquisition of International Speedway Corporation (“ISC”), merging its operations into one, new company moving forward. The new company will remain based in Daytona Beach, Florida and will continue as NASCAR. As part of this process, ISC has been delisted from NASDAQ. 

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Statements from Brian France and NASCAR

Photo – Getty Images

Reported by TMZ

Statement from Brian France

“I apologize to our fans, our industry and my family for the impact of my actions last night. Effective immediately, I will be taking an indefinite leave of absence from my position to focus on my personal affairs.”

Brian France

Statement from NASCAR

“Brian France has taken an indefinite leave of absence from NASCAR as chairman and chief executive officer. Effective immediately, NASCAR Vice Chairman and Executive Vice President Jim France has assumed the role of interim chairman and chief executive officer.”

ARCA Joins NASCAR Family

Ron Drager, President of ARCA, and Jim France, Vice Chairman and Executive Vice President, NASCAR, signing the agreement to officially welcome ARCA to the NASCAR family in Daytona Beach, Florida on Wednesday, April 25, 2018. Photo – NASCAR

TALLADEGA, Ala. – NASCAR announced Friday morning that it has acquired the Automobile Racing Club of America (ARCA) Series after a 60-plus year relationship between the sanctioning bodies that started with NASCAR Founder Bill France Sr. and ARCA founder John Marcum. Continue reading