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International Speedway Corporation

International Speedway Corporation
FormerlyBill France Racing, Inc.
Nasdaq: ISCA
IndustryMotorsports
Founded1953 (1953)
FounderBill France Sr.
DefunctOctober 18, 2019 (2019-10-18)
FateAcquired by NASCAR
Headquarters
Daytona Beach, Florida
,
United States
Key people
Jim France
(Chairman)
Lesa Kennedy
(Vice Chairman and CEO)
Steve Phelps
(President)
RevenueDecrease $633.91 million USD (2010, November)
Decrease $115.64 million USD (2010, November)
Decrease $54.53 million USD (2010, November)
ParentNASCAR[1]
Websitewww.internationalspeedwaycorporation.com

International Speedway Corporation (ISC) was a corporation whose primary business was the ownership and management of motorsports race tracks. ISC was founded by NASCAR founder Bill France Sr. in 1953 for the construction of Daytona International Speedway and in 1999 it merged with Penske Motorsports to become one of the largest motorsports companies in North America.[2][3] The company played an important, though controversial, role in the modernization of the sport. It worked with NASCAR to create new tracks and update older ones in an effort to improve the racing and the experience for spectators and has constructed popular new tracks in regions previously thought uninterested in NASCAR. Because both companies have several members of the France family in top positions, ISC's competitors have filed multiple lawsuits on antitrust grounds[2][4][5]

On May 20, 2019, NASCAR agreed to purchase ISC for approximately US$2 billion, with it the purchase closing October 18, 2019. It has been dissolved into NASCAR.[1][6][7]

  1. ^ a b "ISC Completes Closing of Acquisition by NASCAR".
  2. ^ a b Cite error: The named reference ischistory was invoked but never defined (see the help page).
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  6. ^ "NASCAR closes merger with ISC". NASCAR. October 18, 2019.
  7. ^ [1]

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