Monday, July 26, 1999 – International Speedway Corp. completed its merger with Penske Motorsports Inc., increasing ownership for the Daytona Beach, Fla.-based company to 10 race tracks across the country. The merger moved PMI tracks in Brooklyn, Mich., Nazareth, Pa., Fontana, Calif., and Rockingham, N.C. under the ISC umbrella.
• As part of the move Roger Penske, founder of PMI, was named vice chairman of ISC’s board of directors.
• Greg Penske, PMI president and chief executive officer, was named to oversee management of the acquired tracks for ISC.
• ISC also increased its ownership stake in Homestead-Miami Speedway to 90 percent.
• Prior to the move, ISC owned tracks in Daytona Beach, Fla., Talladega, Ala., Avondale, Ariz., Tucson, Ariz., Darlington, S.C., and Watkins Glen, N.Y.
• ISC originated in 1957 as Daytona International Speedway Corp. It was formed by NASCAR founder and president William H.G. France.