Texas Motor Speedway is owned by Speedway Motorsports, Inc. , a publicly traded company that also owns several other NASCAR tracks throughout the United States. To oversee the operations at Texas Motor Speedway, the company appointed Eddie Gossage as the president and general manager of the speedway in 2004.
Gossage oversees all of the speedway’s operations, from event planning to racing operations to marketing and public relations. He is also in charge of promoting and selling tickets for races, as well as providing day-to-day oversight of the speedway’s operation.
Gossage works in conjunction with Speedway Motorsports’ Chief Executive Officer, Marcus Smith, to ensure that the high standards of racing and customer experience is maintained at Texas Motor Speedway.
Who owns Speedway Motorsports?
Speedway Motorsports is a publicly traded company owned by Chairman and Chief Executive Officer O. Bruton Smith and his family. Mr. Smith has been the Company’s largest shareholder since the Company’s inception and operates through his companies, Speedway Motorsports, Inc.
and its subsidiaries. In addition, Speedway Motorsports owns several highly successful racing venues, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway and Texas Motor Speedway.
Speedway Motorsports also owns Performance Racing Network radio network and Operates Motorsports Authentics, a joint venture between Speedway Motorsports, International Speedway Corporation and NASCAR, that produces licensed motorsports merchandise.
Why is Texas Speedway closing?
Texas Speedway is closing for a variety of reasons. The most prominent reason for its closure is that the track has been struggling to keep up with the costs associated with its upkeep. The track has needed to invest in new facilities and updates that have been too expensive for its current owners to afford.
Additionally, the track has been experiencing a decrease in attendance and its venue has been unable to book high-profile events. With its costs rising, Texas Speedway is unable to cover the costs of keeping it open and has made the difficult decision to close the track.
Another reason for the closure could be due to the track’s location in a small town that isn’t known for its motor sports scene. This lack of visibility has hindered its ability to attract visitors, even for smaller events.
Furthermore, as time has passed and the popularity of racing venues have shifted, Texas Speedway has been unable to compete with other larger, modern racing facilities in the region. As a result, the track has not been able to stay profitable and remain open.
Who replaced Eddie Gossage?
In February 2020, it was announced that Kyle Shiplett would replace Eddie Gossage as president of Texas Motor Speedway and NASCAR events in Fort Worth. Shiplett had been with the company since 1999, first as Vice President for Corporate Development and most recently as Vice President of Sales and Marketing.
He first joined the speedway in 1999 as director of corporate development, and has a long history with the track. He returned to the team in 2005 and over the last two decades has served in both sales and marketing capacities.
He was promoted to vice president in 2016.
Shiplett said of his new role, “I’m humbled to be chosen as Eddie’s successor and to lead Texas Motor Speedway going forward. It’s a responsibility I don’t take lightly. ” He has a passion for racing and a deep understanding of the sport and the facility, making him an ideal candidate for the position.
Shiplett is now tasked with shepherding Texas Motor Speedway into the future, while honoring its rich history of stock car racing.
Where is Matt DiBenedetto going?
Matt DiBenedetto is joining the Wood Brothers Racing team for the 2020 Monster Energy NASCAR Cup Series season. He will be driving the #21 Motorcraft/Quick Lane Ford Mustang supported by Menards and his primary sponsor is sure to be announced soon.
The Wood Brothers team is known for its success on the NASCAR circuit with wins at some of the most famous races, including the Daytona 500 and the Coca-Cola 600. DiBenedetto is looking forward to this opportunity to work with the Woods, saying “I’m so proud and blessed to be part of their team and to be driving the iconic #21 in the premier series of Motorsports.
” The Wood Brothers have been around since 1953 and have won 87 races while competing in the Cup Series. DiBenedetto commented, “I have so much respect for their success and the profound legacy they have on the sport.
I’m beyond excited to learn from them and have a chance to make history with them. ” It’s sure to be an exciting season as DiBenedetto joins the Wood Brothers team and has the opportunity to continue their success.
Who is Matt DiBenedetto going to race for next year?
Matt DiBenedetto is signed to drive the #21 Wood Brothers Racing Ford Mustang in the NASCAR Cup Series in 2020. The team is owned and operated by the historic Wood Brothers family, with Glen Wood, Leonard Wood, and Eddie Wood all playing an active role with their respective motorsports operations.
DiBenedetto is no stranger to the Wood Brothers Racing organization, as he ran six races in the 2018 season and one Sprint Cup Series race in 2019. DiBenedetto is coming off of a career-best 2019 season where he earned five top-10 finishes and six top-15 finishes in 36 starts.
His 2020 season with Wood Brothers Racing will be his first full-time campaign with the organization, and the team is aiming for more wins and top-10s in the upcoming season.
Who is taking over for Matt DiBenedetto?
Corey LaJoie will be taking over for Matt DiBenedetto in the 2021 NASCAR Cup Series season. LaJoie, the son of former stock car driver Randy LaJoie, will be piloting the No. 7 Ford Mustang for Spire Motorsports.
He has previously made the switch from the NASCAR Xfinity Series to the Cup Series back in 2018, where he has competed for Go Fas Racing and, most recently, for Rick Ware Racing. LaJoie is coming off a season in which he achieved a best finish of 14th at the Las Vegas Motor Speedway in early 2020.
He is best known for an iconic throwback helmet design at the 2019 Coke Zero Sugar 400 at Daytona, which featured a recreation of his father’s throwback design used by LaJoie in the 1990s. LaJoie will look to make an impact with the No.
7 machine in 2021 and will carry a personal best finish of 24th in the championship standings at the end of the 2020 season.
Is Matt DiBenedetto still in NASCAR?
Yes, Matt DiBenedetto is still competing in NASCAR. He is currently driving the No. 21 car for Wood Brothers Racing in the Monster Energy Cup Series. He started the 2020 season off strong with a career-best 4th place finish in the Daytona 500, and has since gone on to rack up several other top-10 finishes throughout the season.
DiBenedetto has been in NASCAR since 2009 and has competed in both the Xfinity Series and Cup Series. He has stated that being able to compete in NASCAR is one of his lifelong dreams and he will continue to strive to be successful in his racing career.
Is Blake Shelton going to be at Texas Motor Speedway?
At this time, there is no information available about Blake Shelton appearing at Texas Motor Speedway. While he has appeared at similar speedways before, such as Lucas Oil Speedway in Missouri, his public schedule does not include a stop at Texas Motor Speedway.
It is possible that he could make an appearance at an upcoming event, but this has yet to be announced.
Is Texas World Speedway gone?
Yes, Texas World Speedway was permanently closed in 2018. The Speedway was a 2 mile banked oval motor racing track located in College Station, Texas within the Texas Triangle, and was opened in 1969 by local entrepreneur, Bill Mather.
The track was known for hosting NASCAR Winston Cup and Nationwide Series races in the 1980’s and 1990’s.
The track was known for its high speeds, and from 1998 to 2004 the track was reconfigured from a 2-mile to a 2. 9-mile configuration, with a four-turn infield road course installed in addition to the oval track.
Races during this period included the ASA/CRA Super Series, O’Reilly USCS Outlaw Thunder, and SCCA Speed World Challenge. In 2011, Texas World Speedway became part of the Grand Am Rolex Series.
In 2014, the track was reacquired by Bill Mather, who had sold it to another investor in 1999. During this time, the track hosted only minor events, such as HPDE and racing schools. In 2015, part of the land the track was located on was sold to a developer, and the following year, the developer announced plans to build a housing subdivision on the site.
This caused the track to be permanently closed in December, 2018.
Is Houston Raceway shutting down?
No, Houston Raceway is not shutting down. The NHRA (National Hot Rod Association) sanctioned facility first opened in 1985 and continues to host a range of motorsport events including drag racing, drifting, and autocross.
While the track did temporarily close at the end of 2019 due to flooding, it reopened in late February 2020 and has hosted several events since then. According to the track’s website, they are planning several events throughout the summer of 2021, indicating that they are not planning to close their doors anytime soon.
Is Speedway coming back?
At this time, there is no set information on if Speedway is coming back. Speedway is a chain of convenience stores and gas stations that were once found in many locations around the USA and Canada. The chain was part of the Marathon Petroleum Company, which decided to sell it in 2019.
Since then, many people have been asking if the Speedway will return.
At this stage, Marathon Petroleum has not made any official comments on the future of Speedway and has yet to announce any plans to re-open stores. It is possible that the company could decide to re-open some stores in the future, though at this time that is purely speculative and no official statement has been made by Marathon Petroleum.
For now, customers will have to wait for more information from Marathon Petroleum about their plans for the future of Speedway before knowing if it will be coming back again.
Is Speedway Motorsports owned by NASCAR?
No, Speedway Motorsports is not owned by NASCAR. Speedway Motorsports is a publicly traded company on the New York Stock Exchange. The company was formed in 1994 by O. Bruton Smith and his four sons.
It currently owns and operates seven major speedway facilities, which includes Charlotte Motor Speedway, Bristol Motor Speedway, Sonoma Raceway, Texas Motor Speedway, Richmond Raceway, New Hampshire Motor Speedway, and Atlanta Motor Speedway.
Speedway Motorsports hosts some of the biggest races in the NASCAR tour, including the Bristol Night Race, Charlotte Roval 400, and the Texas Motor Speedway Firestone 600. Despite the close working relationship between Speedway Motorsports and NASCAR, they remain two distinct entities.
Who owns Sonic Financial Corporation?
Sonic Financial Corporation is owned by John E. Popovich Jr. He is the Chief Executive Officer (CEO) and President of the company. Popovich founded the company in 1994, which is headquartered in Miami, Florida.
The company provides consulting services, notably in the areas of mergers and acquisitions, and capital raising for both public and private companies. It also operates in the areas of venture capital investment and strategic planning for its clients.
Sonic Financial Corporation is a privately-held company, as all of its stock is owned by Popovich and his family. Sonic Financial Corporation is a member of the Securities Investor Protection Corporation (SIPC), which provides protection to clients with respect to its securities transactions.
What is Bruton Smith worth?
Bruton Smith is a billionaire and one of the most successful business tycoons in the United States. His current net worth is estimated to be around 5. 1 billion dollars, making him the 225th richest person in America according to Forbes.
Born in 1933 in Oakboro, North Carolina, Smith started his business in 1956 when he founded Sonic Automotive, now the second-largest automotive chain in the United States, and eventually built a massive fortune through diverse investments.
He owns businesses in the automotive, manufacturing, entertainment, and real estate industries, and has business interests in multiple countries around the world.
Smith is the founder, majority shareholder, and chairman of Speedway Motorsports, Inc. , the largest owner and promoter of NASCAR racing events in the country, as well as the half owner of the Charlotte Motor Speedway.
His majority stake in SMI gives him control of eight of the most iconic race tracks, including Bristol Motor Speedway and Sonoma Raceway. He also owns several regional motor sports centers, which give him leverage over some of the premier racing series in Europe, including the FIA Formula E Championship.
Smith is also the founder of the Real Estate Investment Trust, a public entity whose properties include the Greenbrier Resort in West Virginia, and has investments in a broad portfolio of companies, including International Speedway Corporation and the Outback Steakhouse chain.
Bruton Smith is a trailblazer and a true visionary in the business and motorsports worlds, and his wealth and accomplishments demonstrate that.