|Iowa Speedway sold to Clement family|
|Written by Admin|
|Tuesday, 05 July 2011 10:50|
Officials announced Tuesday that the family known for Featherlite aluminum trailers has purchased the holding company that owns the five-year-old track, U.S. Motorsports Corp., from the Manatt family. Terms were not disclosed.
The Manatts own a Brooklyn, Iowa-based construction company. They've been the primary investor since the track was built in 2006 but had intended to transfer controlling interest in five years.
The 0.875-mile track has been a hit with fans in Iowa since it opened.
This year, Iowa has four major events on the schedule, including last month's IndyCar race, two NASCAR Nationwide events and a NASCAR trucks series event on July 16.
Track officials say Rusty Wallace will remain a minority owner and that no staff changes are planned.