Connect with us
https://yoursportsnation.com/wp-content/uploads/2025/07/call-to-1.png

Motorsports

Rockingham Speedway listed for sale weeks after NASCAR return –

Contributed Rockingham Speedway is back on the market after Rockingham Properties LLC listed the track for sale last week, less than two months since NASCAR racing was brought back to the venerable track in April. The track was purchased by Rockingham Properties and owner Dan Lovenheim in 2018 for $2.8 million. Lovenheim, who built his […]

Published

on


Contributed

Rockingham Speedway is back on the market after Rockingham Properties LLC listed the track for sale last week, less than two months since NASCAR racing was brought back to the venerable track in April.

The track was purchased by Rockingham Properties and owner Dan Lovenheim in 2018 for $2.8 million. Lovenheim, who built his wealth owning and operating night clubs in Raleigh, told the Charlotte Observer that, “The time is right to pass the baton to someone who can take it farther than we can.”

Bids will be placed for the track, with an expected new owner being selected by July 1.

After the purchase of the track, private and state funds were put into the track to build up to NASCAR’s return to the Sandhills.

Former Gov. Roy Cooper directed $9 million in pandemic recovery spending to the track for infrastructure upgrades in 2021. In 2022, the track was repaved for $3.5 million. Other upgrades to the infield buildings and the installation of more SAFER barriers around the track brought the track up to standards for NASCAR’s two developmental series.

The track has requested the General Assembly for $12 million to pay for more infrastructure upgrades to “get the Rockingham Speedway ‘cup ready’ for a potential NASCAR Cup Series race in 2026 or 2027,” the listing through CRBE says.

When the NASCAR Craftsman Truck Series took to the rack on April 18, it ended a 12-year drought of the national series racing at The Rock. The Xfinity Series raced in front of a sellout crowd of more than 25,000 people, marking the first time since 2004 that series came to Rockingham. The race on Saturday led up to the running of the ARCA Menards East series running a 125-lap race on the sellout day.

“I think that the three national series that we had there were second to none. We always have Cup to look forward to, but I think the three that we had put on a great event, and it was well received by the fans,” Track Enterprises president Bob Sargent told The Pilot. “I just feel like we all put together a good product for that weekend. And leading up to that too with promotions and the community support, that was phenomenal.”

A newly released economic study, done in part with the Pinehurst, Southern Pines, Aberdeen Area Convention and Visitors Bureau (CVB), showed an economic impact of nearly $40 million from that weekend. Moore County’s share of that was more than $28 million, of which lodging was the largest part.

The weekend sold 40,000 tickets for the two-day event. Along with Saturday’s sell-out, the event also employed 500 workers each day.

According to Richmond County tax records, the track and the 253 acres the track sits on has a tax value of $4.96 million

The site has full ABC permits and is the ninth location in North Carolina to be approved for a sports wagering license, according to the listing for the track. That listing also says that the track generates $1.6 million yearly in revenue from its weekly events, like the Crown 9 Series and MB Drift racing events, as well as the return of NASCAR. Concerts and circuses have been hosted on or used the property in the past, including the 2019 Epicenter Music Festival.

Sargent said that Track Enterprises wants to be involved with the future of Rockingham Speedway and is even exploring the possibility of putting in a bid for the track.

“We knew that Dan and his group were thinking about selling before our event. We’re definitely interested, and we obviously feel like we did a lot with our team and his together to bring NASCAR to the facility,” Sargent said. “We feel vested here, and want to continue that relationship, whether we take a run at the sale or we work with the new owner.”

When Lovenheim and the ownership group purchased the track, weeds were growing through cracks in the asphalt of the track, and bleachers in turns one and two were slowly compromising the backing of the track. Work was done slowly to resurrect the track, putting it into a better spot than where it was on closing day in 2018.

“Anytime you take a facility that was sitting vacant and neglected, and you work slowly to rebuild and work methodically to try to get to the level where we could have national events there, they did a great job,” Sargent said.

Sargent’s company leases 26 tracks in 15 states, varying from dirt tracks to asphalt, and from large ovals to short tracks. He knows there is a list of items that needs to be done by whoever has the winning bid to bring the pinnacle NASCAR series back to the track.

“There’s quite a bit to do. NASCAR has a long list of things that need to be done,” Sargent said. “SAFER walls and lighting are some big things that we’ve all pointed out that need to be addressed.”

About Author



Link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Motorsports

Sherfick Companies Returns to the Brickyard 400 with Josh Bilicki and Garage 66 – Speedway Digest

Sherfick Companies, a family-owned commercial and residential construction business, has teamed back up with Josh Bilicki for a Garage 66 NASCAR Cup Series entry at the Indianapolis Motor Speedway. Sherfick Companies’ expertise in the central Indiana market continues to grow with more than 25 years of experience. In their construction projects, they offer the highest […]

Published

on


Sherfick Companies, a family-owned commercial and residential construction business, has teamed back up with Josh Bilicki for a Garage 66 NASCAR Cup Series entry at the Indianapolis Motor Speedway.

Sherfick Companies’ expertise in the central Indiana market continues to grow with more than 25 years of experience. In their construction projects, they offer the highest quality builds, materials, and service in both commercial and residential settings. Sherfick also provides property management services that include property maintenance, lease compliance, vacancy marketing, tenant placement, rent collection, on-call contractors, and managers.

The 2025 Brickyard 400 Presented by PPG comes on the heels of Bilicki’s impressive drive to P21 at the Chicago Street Couse, a Garage 66 team best since the debut of the NextGen car. The Menomonee Falls, Wisconsin native will be making his 105th premier series start and third in the Brickyard 400, a race in which he captured a Top
25 finish in his last running.

“I am excited to be back at the Brickyard with Sherfick Companies and Garage 66,” said Josh Bilicki. “Sherfick has been a great partner, and racing at Indianapolis is always special. We’re looking to build on our momentum from Chicago and put together another strong performance for the team and our partners.”

As a lifelong Hoosier and motorsports enthusiast, Sherfick Companies founder
Michael Sherfick expressed deep excitement about this collaboration:

“It’s an incredible honor to be a part of one of the most iconic races in the country, right here in our backyard at the Indianapolis Motor Speedway. Partnering with Josh Bilicki and the hardworking team at Garage 66 is a perfect alignment of passion, grit, and commitment to excellence—values we live by at Sherfick Companies every day.”

“We’re not just sponsoring a car,” Sherfick continued, “we’re showing up for our city, our state, and a sport that brings people together. This is about pride, perseverance, and racing toward what’s possible.”

The No. 66 Sherfick Companies Ford Mustang Dark Horse entry will be the fifth Brickyard 400 for Carl Long’s Statesville, North Carolina operation. The best NASCAR Cup Series finish in team history came at Indianapolis in 2017.

Catch the 400-mile battle from the World’s Greatest Race Course live on TNT on Sunday, July 27 at 2 pm ET. 50 minutes of practice take place on Friday, July 25 and qualifying follows on Saturday, July 26, with live coverage on TruTV.

Garage 66 PR



Link

Continue Reading

Motorsports

NASCAR expected to request 23XI Racing to repay charter money in 2025

23XI Racing and Front Row Motorsports are currently in an antitrust lawsuit against NASCAR, and the latest news isn’t positive for the teams. On Wednesday, NASCAR said 23XI Racing and Front Row Motorsports have completed paperwork to compete as open teams starting at Dover Motor Speedway this weekend. Now, the sport could seek a repayment […]

Published

on


23XI Racing and Front Row Motorsports are currently in an antitrust lawsuit against NASCAR, and the latest news isn’t positive for the teams. On Wednesday, NASCAR said 23XI Racing and Front Row Motorsports have completed paperwork to compete as open teams starting at Dover Motor Speedway this weekend. Now, the sport could seek a repayment for the races with charters.

According to FOX Sports’ Bob Pockrass, NASCAR is expected to ask the court to force 23XI Racing and Front Row Motorsports to pay back the charter money so the sport can give it to the teams that signed the original charter agreement. It is a signficaint financial impact to race without charters and repaying that money would be even worse overall.

NASCAR and the teams can always agree on a settlement to end the lawsuit, but as of Wednesday evening, it doesn’t seem to be near a conclusion. For now, 23XI Racing and Front Row Motorsports don’t have charters, and the impact moving forward could end up being catastrophic long-term.



Link

Continue Reading

Motorsports

Judge denies 23XI Racing and Front Row Motorsports’ request to race with charters | National Sports

CHARLOTTE, N.C. (AP) — A federal judge on Thursday rejected a request from 23XI Racing and Front Row Motorsports to continue racing with charters while they battle NASCAR in court, meaning their six cars will race as open entries this weekend at Dover, next week at Indianapolis and perhaps longer than that in a move […]

Published

on


CHARLOTTE, N.C. (AP) — A federal judge on Thursday rejected a request from 23XI Racing and Front Row Motorsports to continue racing with charters while they battle NASCAR in court, meaning their six cars will race as open entries this weekend at Dover, next week at Indianapolis and perhaps longer than that in a move the teams say would put them at risk of going out of business.

U.S. District Judge Kenneth Bell denied the teams’ bid for a temporary restraining order, saying they will make races over the next couple of weeks and they won’t lose their drivers or sponsors before his decision on a preliminary injunction.

Bell left open the possibility of reconsidering his decision if things change over the next two weeks.

After this weekend, the cars affected may need to qualify on speed if 41 entries are listed — a possibility now that starting spots have opened.

“We are disappointed that the court declined to grant 23XI and Front Row Motorsports a temporary restraining order to allow the teams to continue racing as chartered teams,” the teams’ attorney Jeffrey Kessler said in a statement. “We remain confident that our motion for a preliminary injunction is legally warranted and necessary, and we look forward to the court’s full review.”

23XI, which is co-owned by retired NBA great Michael Jordan, and FRM filed their federal suit against NASCAR last year after they were the only two organizations out of 15 to reject NASCAR’s extension offer on charters.

“We made the decision to bring this lawsuit to challenge NASCAR’s monopolistic practices and bullying tactics, and we are not going to let them push our teams – or others – out of the sport that they love,” Kessler’s statement said. “We are confident in the merits of our case and the teams remain focused on competing this weekend and continuing their playoff push.”

The case has a Dec. 1 trial date, but the two teams are fighting to be recognized as chartered for the current season, which has 16 races left. A charter guarantees one of the 40 spots in the field each week, but also a base amount of money paid out each week.

Jordan and FRM owner Bob Jenkins won an injunction to recognize 23XI and FRM as chartered for the season, but the ruling was overturned on appeal earlier this month, sending the case back to Bell.

Three-time Daytona 500 winner Denny Hamlin co-owns 23XI with Jordan and said they were prepared to send Tyler Reddick, Bubba Wallace and Riley Herbst to the track each week as open teams. They sought the restraining order Monday, claiming that through discovery they learned NASCAR planned to immediately begin the process of selling the six charters which would put “plaintiffs in irreparable jeopardy of never getting their charters back and going out of business.”

“This is a fair and significant fear; however, NASCAR has agreed that it ‘will not sell any charters before the court can rule on plaintiffs’ motion for preliminary injunction,’” Ball wrote. “Similarly, plaintiffs worry that denying them guaranteed entry into the field for upcoming races could adversely impact their competitive standing, including their ability to earn a spot in the playoffs. Again, a legitimate, potentially irreparable harm. Yet, akin to the sale of charters, NASCAR represents to the court that all of plaintiffs’ cars will qualify (if they choose to race) for the races in Dover and Indianapolis that will take place during the next 14 days.”

Making the field won’t be an issue this weekend at Dover as fewer than the maximum 40 cars are entered. But should 41 cars show up anywhere this season, someone slow will be sent home and that means lost revenue and a lost chance to win points in the standings.

Reddick was last year’s regular-season champion and raced for the Cup Series championship in the season finale. But none of the six drivers affected by the court ruling are locked into this year’s playoffs.


AP auto racing: https://apnews.com/hub/auto-racing

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.



Link

Continue Reading

Motorsports

Judge denies 23XI Racing and Front Row Motorsports’ request to race with charters

CHARLOTTE, N.C. (AP) — A federal judge on Thursday rejected a request from 23XI Racing and Front Row Motorsports to continue racing with charters while they battle NASCAR in court, meaning their six cars will race as open entries this weekend at Dover, next week at Indianapolis and perhaps longer than that in a move […]

Published

on


CHARLOTTE, N.C. (AP) — A federal judge on Thursday rejected a request from 23XI Racing and Front Row Motorsports to continue racing with charters while they battle NASCAR in court, meaning their six cars will race as open entries this weekend at Dover, next week at Indianapolis and perhaps longer than that in a move the teams say would put them at risk of going out of business.

U.S. District Judge Kenneth Bell denied the teams’ bid for a temporary restraining order, saying they will make races over the next couple of weeks and they won’t lose their drivers or sponsors before his decision on a preliminary injunction.

Bell left open the possibility of reconsidering his decision if things change over the next two weeks.

After this weekend, the cars affected may need to qualify on speed if 41 entries are listed — a possibility now that starting spots have opened.

“We are disappointed that the court declined to grant 23XI and Front Row Motorsports a temporary restraining order to allow the teams to continue racing as chartered teams,” the teams’ attorney Jeffrey Kessler said in a statement. “We remain confident that our motion for a preliminary injunction is legally warranted and necessary, and we look forward to the court’s full review.”

23XI, which is co-owned by retired NBA great Michael Jordan, and FRM filed their federal suit against NASCAR last year after they were the only two organizations out of 15 to reject NASCAR’s extension offer on charters.

“We made the decision to bring this lawsuit to challenge NASCAR’s monopolistic practices and bullying tactics, and we are not going to let them push our teams – or others – out of the sport that they love,” Kessler’s statement said. “We are confident in the merits of our case and the teams remain focused on competing this weekend and continuing their playoff push.”

The case has a Dec. 1 trial date, but the two teams are fighting to be recognized as chartered for the current season, which has 16 races left. A charter guarantees one of the 40 spots in the field each week, but also a base amount of money paid out each week.

Jordan and FRM owner Bob Jenkins won an injunction to recognize 23XI and FRM as chartered for the season, but the ruling was overturned on appeal earlier this month, sending the case back to Bell.

Three-time Daytona 500 winner Denny Hamlin co-owns 23XI with Jordan and said they were prepared to send Tyler Reddick, Bubba Wallace and Riley Herbst to the track each week as open teams. They sought the restraining order Monday, claiming that through discovery they learned NASCAR planned to immediately begin the process of selling the six charters which would put “plaintiffs in irreparable jeopardy of never getting their charters back and going out of business.”

“This is a fair and significant fear; however, NASCAR has agreed that it ‘will not sell any charters before the court can rule on plaintiffs’ motion for preliminary injunction,’” Ball wrote. “Similarly, plaintiffs worry that denying them guaranteed entry into the field for upcoming races could adversely impact their competitive standing, including their ability to earn a spot in the playoffs. Again, a legitimate, potentially irreparable harm. Yet, akin to the sale of charters, NASCAR represents to the court that all of plaintiffs’ cars will qualify (if they choose to race) for the races in Dover and Indianapolis that will take place during the next 14 days.”

Making the field won’t be an issue this weekend at Dover as fewer than the maximum 40 cars are entered. But should 41 cars show up anywhere this season, someone slow will be sent home and that means lost revenue and a lost chance to win points in the standings.

Reddick was last year’s regular-season champion and raced for the Cup Series championship in the season finale. But none of the six drivers affected by the court ruling are locked into this year’s playoffs.

___

AP auto racing: https://apnews.com/hub/auto-racing

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.



Link

Continue Reading

Motorsports

Judge denies 23XI Racing and Front Row Motorsports’ request to race with charters

“This is a fair and significant fear; however, NASCAR has agreed that it ‘will not sell any charters before the court can rule on plaintiffs’ motion for preliminary injunction,’” Ball wrote. “Similarly, plaintiffs worry that denying them guaranteed entry into the field for upcoming races could adversely impact their competitive standing, including their ability to […]

Published

on


“This is a fair and significant fear; however, NASCAR has agreed that it ‘will not sell any charters before the court can rule on plaintiffs’ motion for preliminary injunction,’” Ball wrote. “Similarly, plaintiffs worry that denying them guaranteed entry into the field for upcoming races could adversely impact their competitive standing, including their ability to earn a spot in the playoffs. Again, a legitimate, potentially irreparable harm. Yet, akin to the sale of charters, NASCAR represents to the court that all of plaintiffs’ cars will qualify (if they choose to race) for the races in Dover and Indianapolis that will take place during the next 14 days.”



Link

Continue Reading

Motorsports

23XI, Front Row lose chartered status for next two NASCAR races

23XI Racing and Front Row Motorsports will compete as Open teams this weekend at Dover Motor Speedway and next weekend at Indianapolis Motor Speedway after being denied a temporary restraining order to keep NASCAR from revoking their charters.  The teams, which field a combine six entries, are not guaranteed spots in the NASCAR Cup Series […]

Published

on


23XI Racing and Front Row Motorsports will compete as Open teams this weekend at Dover Motor Speedway and next weekend at Indianapolis Motor Speedway after being denied a temporary restraining order to keep NASCAR from revoking their charters. 

The teams, which field a combine six entries, are not guaranteed spots in the NASCAR Cup Series race. However, they are not in danger of missing this weekend’s event as there are not more than 40 teams on the entry list. Both organizations had raced as charter entries since the season began after being granted a preliminary injunction in December.

United States District Judge Kenneth Bell ruled that 23XI Racing and Front Row Motorsports “failed to established irreparable harm to support entry of a TRO.” But the issue of the preliminary injunction (a new request filed by the teams to be recognized as charter teams through the end of the year) was not ruled on Thursday, and NASCAR told the court the charters will not be sold before the ruling is made. 

“We are disappointed that the court declined to grant 23XI and Front Row Motorsports a temporary restraining order to allow the teams to continue racing as chartered teams,” said Jeffrey Kessler, the lead counsel for 23XI Racing and Front Row Motorsports. “We remain confident that our motion for a preliminary injunction is legally warranted and necessary, and we look forward to the court’s full review.

“The court made it clear it is only denying the temporary restraining order because NASCAR has agreed to preserve our charters until the preliminary injunction can be decided and because we are assured of qualifying all our cars the next two weeks so that there will be no irreparable harm before the preliminary injunction can be fully briefed and ruled upon.

“We made the decision to bring this lawsuit to challenge NASCAR’s monopolistic practices and bullying tactics, and we are not going to let them push our teams — or others — out of the sport that they love. We are confident in the merits of our case and the teams remain focused on competing this weekend and continuing their playoff push.”



Link

Continue Reading
Motorsports1 minute ago

Sherfick Companies Returns to the Brickyard 400 with Josh Bilicki and Garage 66 – Speedway Digest

Youtube3 minutes ago

Kyrie Irving’s Handles in 2013 Rookie Game 😮‍💨

Sports5 minutes ago

Top-flight water polo returns to Nelson Mandela Bay

E-Sports6 minutes ago

Super League Partners with Advertising Week to Launch First Gaming Summit at AWNewYork 2025

NIL16 minutes ago

NFL Scout Predicts QB Fernando Mendoza to ‘Be a Bigger Riser’ Ahead of 2026 Draft

Motorsports24 minutes ago

NASCAR expected to request 23XI Racing to repay charter money in 2025

Youtube26 minutes ago

Caitlin Clark & Sabrina Ionescu HOOPIN’ 💪 + Fever coach CALLS OUT ‘bad officiating’ | SportsCenter

Youtube28 minutes ago

Rangers vs. Angels Game Highlights (7/10/25) | MLB Highlights

Technology33 minutes ago

Tech titan South Bay property buying binge tops $400 million with new deal

NIL36 minutes ago

EA Sports College Football 2026 fixes what fans didn’t love about 2025

Sports41 minutes ago

2 Mizzou Track and Field Athletes Earn Academic Honors: The Buzz

College Sports45 minutes ago

Man who sent Facebook message about committing a 2013 campus sexual assault pleads guilty

Motorsports48 minutes ago

Judge denies 23XI Racing and Front Row Motorsports’ request to race with charters | National Sports

Motorsports49 minutes ago

Judge denies 23XI Racing and Front Row Motorsports’ request to race with charters

College Sports1 hour ago

16 Gusties Land on AHCA All-American Scholars’ List

Most Viewed Posts

Trending