The Monster Energy NASCAR Cup Series announced on Friday that they have acquired the International Speedway Corporation.
As part of the merger Jim France will serve as Chairman and Chief Executive Officer of the new company and speaking about the new deal Jim France said:
The merger of NASCAR and ISC represents a historic moment for our sport. “There is much work ahead of us, but we’re pleased with the progress made to position our sport for success. Delivering for our race fans and partners is job number one and we look forward to doing that better than ever for years to come.
France Kennedy who has been named as Executive Vice Chair and speaking following the news he said:
This sport has meant so much to our family and we are committed to leading NASCAR through this next chapter of growth. “Combining the two companies will allow us to capture the best aspects of both operations. Our stronger organization will allow us to take advantage of the tremendous opportunities to grow the sport over the next decade plus.
President of the new entity, Steven Phelps commented saying:
With great racing across all of our series, an exciting 2020 schedule on tap, and the Next Gen race car in development, we are better positioned than ever before to lead the sport into a new era of growth. “We have a strong, experienced leadership team in place with incredibly dedicated employees at every level throughout our organization. Our best days are ahead of us and our new organization is going to allow us to better deliver great racing to our fans everywhere.”