NASCAR Making Move To Buy ISC

Discussion in 'NASCAR chat' started by kkfan91, Nov 9, 2018.

  1. AuzGrams

    AuzGrams Team Owner

    So what exactly does this do for the fans? Does anybody actually expect "NASCAR" to do anything differently than "ISC" when it comes to gobbling up dates on the schedule and not letting tracks on the outside looking in (Road America, Gateway, Mosport, Eldora, etc) at a Cup race?
     
  2. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    I'd be surprised if fans were a consideration in any of this.
     
  3. AuzGrams

    AuzGrams Team Owner

    No but $$$ does, why would a shareholder in Speedway Motorsports or ISC want to invest in their company or their racetracks when they can't pack a house? Or when Fanatics decides to leave.
     
  4. FLRacingFan

    FLRacingFan Team Owner

    If NASCAR owns it all in theory it would allow them to make schedule changes in the best interest of the sport as a whole rather than being beholden to stockholders - in theory.

    I still think it’s more of a play to give any potential buyer more to grab because again, buying the sanctioning body alone probably isn’t too appealing if you’re still answering to ISC and SMI. I think they floated the sanctioning body alone and realized it wasn’t enough for anyone to pony up what they had in mind. Kinda the same line of thinking just differing in who’s in charge of it all.
     
  5. RacerrecaR

    RacerrecaR Orange cone

    Nailed it
     
  6. StandOnIt

    StandOnIt Farm Truck

    That doesn't answer the question of the renovations they have been making to the tracks. If they were grooming it to sell, I would think an attempt to sell some of their tracks, to SMI or who ever wanted them, instead of buying interests in more and an ARCA series.
     
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  7. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    Because even if they can't pack the seats, they're still making a profit off TV revenues, at least until the contract runs out.

    I'm not sure why you mentioned Fanatics. I don't think they're an indicator of overall fan interest as much as they're an indicator of fan attendance. I also think they're suffering like any other (mobile) 'brick and mortar' retailer in this era of Internet shopping. Time was we didn't have much option to buying our gear; we had to wait for the race. Now we can get it whenever we want and know for certain our size will be in stock.
     
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  8. StandOnIt

    StandOnIt Farm Truck

    works really well in The World of Outlaws for the teams. I would imagine they don't have as many greedy hands in the fire derailing the profits.
     
  9. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    What does, Fanatics? More power to them and WoO. I'm speculating, nothing more.
     
    StandOnIt likes this.
  10. StandOnIt

    StandOnIt Farm Truck

    speaking of speculating, today at SHR they have 35% off on everything that is in their online store. I believe you hit the nail on the head about the merchandising and it probably is cheaper on line.
     
  11. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    #41 stuff is probably discounted more than that. :p

    Somewhere in a Third World country, a freighter is unloading all that Championship #4 / #18 / #78 stuff.
     
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  12. FLRacingFan

    FLRacingFan Team Owner

  13. Team Penske

    Team Penske Team Owner

  14. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    Uh, yeah. Where were you back in November when this was news? o_O

    You know Danica's out, right?
     
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  15. Team Penske

    Team Penske Team Owner

    I heard rumors but there was another rumor she was buying Tony out at SHR.
    How do I know fake news?
     
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  16. gnomesayin

    gnomesayin Team Owner

    Was the first offer last year rejected? There hadn't been any news on this since, I assumed it had gone through.
     
  17. FLRacingFan

    FLRacingFan Team Owner

    It has not been going as hoped:

     
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  18. Team Penske

    Team Penske Team Owner

    Don't forget if the shares sell at $47 per, Lisa and Jim also get the same profits as other shareholders.
     
  19. aunty dive

    aunty dive Team Owner

    Lisa and Jim aren’t sellers.
     
    Charlie Spencer likes this.
  20. LewTheShoe

    LewTheShoe Team Owner

    ISC's outside directors formed a committee to represent the outside (non-France Family) shareholders, which is standard practice when a closely-held company is being taken private by its management. This committee can negotiate price and terms, but unless they can come up with a competing offer to purchase, their leverage is limited. Here, it looks like they are getting a 12% price bump... not bad.

    "[NASCAR's] Proposal is subject to the approval of ISC's Board of Directors... It is our expectation that ISC’s Board of Directors will appoint a special committee of independent directors to consider our Proposal and make a recommendation to the Company’s Board of Directors. We will not move forward with the Proposal unless it is approved by such a special committee...." [ link ]
     
  21. Team Penske

    Team Penske Team Owner

    So if Nascar buys the shares in ICS what do they do with their shares, refuse to sell?????
    Like others they could roll them over to shares in the new company.
     
  22. StandOnIt

    StandOnIt Farm Truck

    I wonder if Brian will be bought out.
     
  23. gnomesayin

    gnomesayin Team Owner

    NASCAR, owned and controlled primarily by Jim and Lesa, is attempting to buy ISC shares owned by independent parties in order to take full control and consolidate the two companies. I believe it is estimated they currently hold about 35% of all ISC stock. They aren't buying shares they already own from themselves. Though that sounds like something Brian might try.
     
  24. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    I'm pretty sure the SEC would have some thoughts about that.
     
    gnomesayin likes this.
  25. Acs

    Acs Team Owner

    I wasn’t a fan back then, but isn’t this consolidation the exact thing the (successful) Ferko lawsuit trying to prevent?
     
    AuzGrams likes this.
  26. gnomesayin

    gnomesayin Team Owner

    Somewhat, yes. However, the Ferko lawsuit was limited in its aim to obtain a second race date for Texas, which SMI and Ferko contended had been promised. A later lawsuit against NASCAR and ISC regarding Kentucky Speedway was unsuccessful on antitrust grounds.

    This isn't to say that future antitrust issues aren't possible. The landscape of the industry has changed considerably since then though.
     
  27. LouieLouie

    LouieLouie Team Owner

    Once this goes through, NASCAR will try to buy the rest of the tracks from Bruton Smith. If he objects, NASCAR will move to sell the whole thing to a major multinational company like Liberty bought F1 and Bruton will be out in the cold. The new company will either buy him out or charge him a ridiculous amount to keep his tracks on the schedule. (Sorry ticket holders but prices will sky rocket until the tracks are removed from the schedule or sold to the new company).
     
  28. StandOnIt

    StandOnIt Farm Truck

    The ISC stockholders will refuse to sell, and in turn they will buy out Jim and Lesa. Brian who is now the major stock holder at ISC will take over Nascar, and rename it Nasball. After the new name and format change, Nasball teams will consist of team's of cars competing to push a huge oversized ball thru a large croquet wicket.
     
  29. gnomesayin

    gnomesayin Team Owner

    :XXROFL:
     
  30. AuzGrams

    AuzGrams Team Owner

    I'm not sure if ISC and SMI are good or absolutely terrible for this sport. There are some good tracks with nice renovations.
     
  31. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    You think he's kidding but I saw that on TNN over 20 years ago. They had a show featuring the stuff that short tracks run between heats. Three cars per team, with one goalie and two pushers. The ball was at least six feet across. Goals were at either end of the front stretch.
     
    Ventisca likes this.
  32. kkfan91

    kkfan91 Taking a 10-200

    Yep I've been to one of those, except they used a tractor tire
     
  33. Charlie Spencer

    Charlie Spencer Short tracks and road courses rule.

    Part of the fun of the big ol' ball was the drivers couldn't see around it. Couldn't really see where the goalposts were, couldn't see if a teammate or opponent was on the other side of it, etc.

    Another classic was auto relay races, but it isn't what you think. Three cars but only two have engines. The first powered car leaves the pits pushing the unpowered one. He pushes it all the way around. Coming off turn four, the powered car must pull into the pits alone. Before pitting he has to push the unpowered one fast enough that it can coast down the front stretch. The second powered car exits the pits, tucks in behind the dead one, and pushes it around for the second lap. If the unpowered one doesn't make it to pit exit, the second powered car loses time by having to come after it.
     
  34. StandOnIt

    StandOnIt Farm Truck

    Brian's Nasball cars will strictly look like cars you can buy off of the showroom floor.
     
    Charlie Spencer likes this.
  35. Team Penske

    Team Penske Team Owner

    Brian has already liquidated his shares. I think it had to do with his second divorce from his wife.
     
  36. Team Penske

    Team Penske Team Owner

    If the shares of ISC are bought by Nascar, it will be 1 company and there will no longer be a ISC so no shares either. Like I said, they can roll their hares over to Nascar shares OR lose them and I doubt they are that dumb.
     
    Charlie Spencer likes this.
  37. aunty dive

    aunty dive Team Owner

    As is sometimes the case, you have absolutely no idea what you’re on about.
     
  38. Madman88

    Madman88 Crew Chief

    I am now confident that we have identified Brian's drinking\snorting\driving\enima giving, stroker ace buddy otherwise known and Brian's shill!!
     
  39. Team Penske

    Team Penske Team Owner

    Maybe your right but instead of trying to insult me, why don't you explain how it works??
    All my years doing accounting have just been shot down. I guess I will have be re- educated.
     
  40. aunty dive

    aunty dive Team Owner

    I didn’t try to insult you. Clearly, your time spent in or around the accounting profession didn’t include anything involving mergers / acquisitions.

    We have nothing to indicate that if the deal gets done, ISC will cease to be an operating corporate entity. With all the TV and corporate race / track contracts currently in place, prior tax years deals, etc., etc. ... why would it?
     
    gnomesayin likes this.

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