Statement from NASCAR President Steve Phelps

Quote

NASCAR and NASCAR Cup Series team owners today announced the extension of the Charter agreement through 2024.

“The Charter agreement is delivering stability and long-term value to existing team owners while providing a clear path for ownership in the NASCAR Cup Series,” said Steve Phelps, NASCAR President. “We are pleased to have reached an agreement with the team owners that extends the length of the Charter system until 2024. A healthy ownership structure ensures strong, competitive racing for our fans, which is a goal the industry collectively shares.”

NIMC

NASCAR President Steve Phelps Points to Healthy Trends Within the Sport

HOMESTEAD, FLORIDA – NOVEMBER 17: NASCAR President Steve Phelps speaks to the media prior to the Monster Energy NASCAR Cup Series Ford EcoBoost 400 at Homestead Speedway on November 17, 2019, in Homestead, Florida. Photo by Brian Lawdermilk/Getty Images

HOMESTEAD, Fla. — The racing on intermediate tracks have never been better; ratings are up, bucking a trend among other major sports; and collaboration between stakeholders is at an all-time high.

That was the assessment of Steve Phelps, who took questions from the media on Sunday at Homestead-Miami Speedway before the Ford EcoBoost 400, the race that would decide the 2019 Monster Energy NASCAR Cup Series champion.

Continue reading

NASCAR Closes Merger with ISC

Aside

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. 

Continue reading