Memphis Track Closed!

Shaun LeBlanc · 10-30-2009, 10:25 AM

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

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

Wow! Too bad, I really liked that facility.

BLAZER · 10-30-2009, 10:48 AM

Pisses Elvis off !

Bryan Worner · 10-30-2009, 11:37 AM

Get Virginia back to replace this race!!!

Mike Pearson · 10-30-2009, 11:37 AM

I would like to see a second natl event at Gainsville in the fall.

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

Quote:

Originally Posted by Shaun LeBlanc

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

The probability factor is 23 race rather than 24.

FED 387 · 10-30-2009, 02:24 PM

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

Fed 387 ... you don't have to yell ....

10-30-2009, 10:25 AM	#1
Shaun LeBlanc Junior Member Join Date: Dec 2001 Location: Bartlett, TN Posts: 12 Likes: 0 Liked 0 Times in 0 Posts	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.

10-30-2009, 10:34 AM	#2
442OLDS VIP Member Join Date: Sep 2004 Location: Elgin,IL Posts: 1,333 Likes: 5 Liked 262 Times in 100 Posts	Re: Memphis Track Closed! Hope they add a National event at Gateway or Route 66 in place of the Memphis 2010 event!

10-30-2009, 10:43 AM	#3
Ed Wright Veteran Member Join Date: Mar 2005 Location: Sand Springs, OK Posts: 8,132 Likes: 896 Liked 389 Times in 168 Posts	Re: Memphis Track Closed! Wow! Too bad, I really liked that facility. __________________ Ed Wright 4156 SS/JA

10-30-2009, 10:48 AM	#4
BLAZER Member Join Date: Nov 2007 Location: Wasthere,England Posts: 266 Likes: 1 Liked 7 Times in 5 Posts	Re: Memphis Track Closed! Pisses Elvis off !

10-30-2009, 11:37 AM	#5
Bryan Worner Senior Member Join Date: Oct 2002 Location: Duncannon, PA Posts: 802 Likes: 117 Liked 410 Times in 66 Posts	Re: Memphis Track Closed! Get Virginia back to replace this race!!!

10-30-2009, 11:37 AM	#6
Mike Pearson VIP Member Join Date: Mar 2007 Posts: 2,320 Likes: 546 Liked 1,629 Times in 502 Posts	Re: Memphis Track Closed! I would like to see a second natl event at Gainsville in the fall. __________________ Mike Pearson 2485 SS

10-30-2009, 01:43 PM	#8
Tony Janes Senior Member Join Date: Jan 2002 Location: Whittier, Ca Posts: 830 Likes: 28 Liked 3 Times in 3 Posts	Re: Memphis Track Closed! The probability factor is 23 race rather than 24. __________________ Tony Janes 7941 STK, SS

10-30-2009, 02:24 PM	#9
FED 387 VIP Member Join Date: Jun 2006 Posts: 3,349 Likes: 327 Liked 280 Times in 150 Posts	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

10-30-2009, 02:29 PM	#10
Chuck Beach Senior Member Join Date: Jun 2006 Location: Delaware, Ohio Posts: 664 Likes: 12 Liked 59 Times in 13 Posts	Re: Memphis Track Closed! Fed 387 ... you don't have to yell .... __________________ Chuck Beach 3340 STK