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-   -   Memphis Track Closed! (https://classracer.com/classforum/showthread.php?t=21435)

Shaun LeBlanc 10-30-2009 10:25 AM

Memphis Track Closed!
 
Press Release
DOVER MOTORSPORTS, INC. ANNOUNCES CLOSING OF MEMPHIS MOTORSPORTS PARK AND REALIGNMENT OF RACING DATES
Release date: October 30, 2009
Contact: Timothy R. Horne
Sr. Vice President - Finance
302-857-3292

Dover Motorsports, Inc. (NYSE-Symbol: DVD) announced today that it was ceasing all operations at Memphis Motorsports Park and that it would not be promoting any events in Memphis in 2010.

As previously announced, the Memphis facility had been under an agreement of sale to Gulf Coast Entertainment but Gulf Coast was unable to secure financing.

“This was a difficult decision for us, but one that ultimately was dictated by economics,” said Denis McGlynn, President and CEO of Dover Motorsports. “We greatly appreciate the many years of dedication shown by our Memphis employees and their efforts to make Memphis such a great destination for the racing community – from racing fans and drivers to sponsors, team owners and sanctioning bodies. For all concerned, including the Memphis community, it is truly sad to see Memphis Motorsports Park taken off the racing schedule. NASCAR has approved the realignment of our NASCAR Camping World Truck Series and NASCAR Nationwide Series events from Memphis Motorsports Park to our Nashville and Gateway facilities.”

The realigned events and dates are as follows:

NASCAR Camping World Truck Series
Nashville Superspeedway
April 2, 2010
(together with NASCAR Nationwide Series event on April 3, 2010)

NASCAR Nationwide Series
Gateway International Raceway
October 23, 2010

An ASA race scheduled for next weekend at Memphis Motorsports Park will still be held at the track.

Ticket refunds for 2010 events will be mailed out to fans in the next few weeks.

The Company is expected to release its earnings for the third quarter on Monday, November 2 and will disclose additional financial details relative to the closure of its Memphis facility shortly.

442OLDS 10-30-2009 10:34 AM

Re: Memphis Track Closed!
 
Hope they add a National event at Gateway or Route 66 in place of the Memphis 2010 event!

Ed Wright 10-30-2009 10:43 AM

Re: Memphis Track Closed!
 
Wow! Too bad, I really liked that facility.

BLAZER 10-30-2009 10:48 AM

Re: Memphis Track Closed!
 
Pisses Elvis off !:mad:

Bryan Worner 10-30-2009 11:37 AM

Re: Memphis Track Closed!
 
Get Virginia back to replace this race!!!

Mike Pearson 10-30-2009 11:37 AM

Re: Memphis Track Closed!
 
I would like to see a second natl event at Gainsville in the fall.

Stephen & Horace Johnson 10-30-2009 01:29 PM

Re: Memphis Track Closed!
 
Quote:

Originally Posted by Shaun LeBlanc (Post 148800)
Press Release
DOVER MOTORSPORTS, INC. ANNOUNCES CLOSING OF MEMPHIS MOTORSPORTS PARK AND REALIGNMENT OF RACING DATES
Release date: October 30, 2009
Contact: Timothy R. Horne
Sr. Vice President - Finance
302-857-3292

Dover Motorsports, Inc. (NYSE-Symbol: DVD) announced today that it was ceasing all operations at Memphis Motorsports Park and that it would not be promoting any events in Memphis in 2010.

As previously announced, the Memphis facility had been under an agreement of sale to Gulf Coast Entertainment but Gulf Coast was unable to secure financing.

“This was a difficult decision for us, but one that ultimately was dictated by economics,” said Denis McGlynn, President and CEO of Dover Motorsports. “We greatly appreciate the many years of dedication shown by our Memphis employees and their efforts to make Memphis such a great destination for the racing community – from racing fans and drivers to sponsors, team owners and sanctioning bodies. For all concerned, including the Memphis community, it is truly sad to see Memphis Motorsports Park taken off the racing schedule. NASCAR has approved the realignment of our NASCAR Camping World Truck Series and NASCAR Nationwide Series events from Memphis Motorsports Park to our Nashville and Gateway facilities.”

The realigned events and dates are as follows:

NASCAR Camping World Truck Series
Nashville Superspeedway
April 2, 2010
(together with NASCAR Nationwide Series event on April 3, 2010)

NASCAR Nationwide Series
Gateway International Raceway
October 23, 2010

An ASA race scheduled for next weekend at Memphis Motorsports Park will still be held at the track.

Ticket refunds for 2010 events will be mailed out to fans in the next few weeks.

The Company is expected to release its earnings for the third quarter on Monday, November 2 and will disclose additional financial details relative to the closure of its Memphis facility shortly.

Yea I had read something a couple of months ago about the closing of Memphis.

Tony Janes 10-30-2009 01:43 PM

Re: Memphis Track Closed!
 
The probability factor is 23 race rather than 24.

FED 387 10-30-2009 02:24 PM

Re: Memphis Track Closed!
 
nhra JUST RELEASED A STATEMENT REGARDING mEMPHIS CLOSURE---23 RACVES IN 2010 INSTEAD OF 24---no REPLACEMENT TRACK FOR 2010--GO TO nhra WEBSITE FOR ANY DETAILS---cOMP 387

Chuck Beach 10-30-2009 02:29 PM

Re: Memphis Track Closed!
 
Fed 387 ... you don't have to yell ....


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