Marty D. Melo, owner of MDM Promotions, formally announced the acquisition of the ASA STARS National Tour, ASA Midwest Tour, CRA Super Series, CRA All-Stars Tour, and TrackTV from Track Enterprises. The acquisition represents a major organizational milestone within the asphalt short track industry and ensures continued operational stability, strategic growth, and long-term stewardship of these nationally recognized motorsports properties.
acquires
Sigma Performance Services Racing Acquires AM Racing, Expands National Footprint with Ford Racing Support
STATESVILLE, N.C. (NOVEMBER 24, 2025) — Sigma Performance Services Racing (SPS Racing) today announced the acquisition of AM Racing, uniting two successful motorsports organizations under a single banner with the support of Ford Racing.
Beginning with the 2026 season, SPS will field entries in the O’Reilly Auto Parts Series (Xfinity Series), the ARCA Menards Series and an expanded late model program designed to accelerate driver development and engineering innovation across the team’s racing platforms.
GMS Race Cars Acquires SRX Assets From Ray Evernham Enterprises
Black Kat Sports (Facebook) reports GMS Race Cars has acquired SRX Racing assets from Ray Evernham Enterprises.
The deal includes 16 SRX cars, pit equipment, race-day infrastructure, and select spare parts. The deal does not include the SRX brand, trademarks, or future broadcast rights.
Fox Corporation Acquires One-Third Interest in Penske Entertainment
Strategic Investment and Partnership Launches New Era of Growth Across INDYCAR that Includes a Multi-Year Extension of INDYCAR’s Media Rights with FOX Sports
INDIANAPOLIS (Thursday, July 31, 2025) – Penske Entertainment and Fox Corporation (“FOX” or the “Company”) (Nasdaq: FOXA, FOX), the parent company of FOX Sports, today announced an investment in the future of North America’s premier open-wheel racing series, with FOX’s acquisition of a one-third interest in Penske Entertainment, inclusive of INDYCAR and the iconic Indianapolis Motor Speedway.
Former NASCAR Driver Matt Tifft Acquires Mansfield Speedway
As reported by Lou Whitmire from the Mansfield News Journal, (f)ormer NASCAR driver and entrepreneur Matt Tifft, along with his wife Jordan Tifft, have officially acquired Mansfield Speedway.
Adam Adelson Acquires Wright Motorsports, Paving the Way for New Era of Growth
BATAVIA, OH (April 2, 2025) – Wright Motorsports is proud to announce a major transition in leadership as longtime Porsche racer Adam Adelson has officially purchased the team from founder John Wright. The sale was finalized in December 2024, and Adelson, already deeply ingrained in the paddock, is focused on driving the next chapter of growth while preserving the values and legacy that have made Wright Motorsports one of the most respected names in North American sports car racing.
RACER Acquires MAVTV, Creating the Most Followed, Diverse Motorsports Media Platform
IRVINE, Calif. (March 27, 2025) – The lead investors behind North America’s foremost motorsports news and information source RACER announced today that they have acquired MAVTV and will rename the TV network – that’s available on 350 million devices – RACER to create the most followed and diverse motorsports media platform in North America.
“We have been partners for many years and over time the parties realized this made complete sense,” said RACER Chairman of the Board Chris Dyson. “The combination makes RACER the central multi-media motorsports hub for fans and provides brands with the most comprehensive array of marketing solutions to activate their involvement in the sport and its adjacent sectors.” (more…)
Rette Jones Racing Co-Owner Terry Jones Acquires Port City Racecars
MOORESVILLE, N.C. – Canadian entrepreneur and Rette Jones Racing co-owner Terry Jones has officially acquired Port City Racecars, effective immediately.
Under its new ownership, Port City Racecars will continue operating as a premier racecar facility, specializing in manufacturing championship-winning chassis, providing top-tier technical support and supplying premium race parts to competitors across North America. (more…)
Racing’s Big Dog, Penske, Acquires Grand Prix Of Long Beach, Nation’s Top Street Race
The Acura Grand Prix of Long Beach, one of the premier and most-beloved street races in North America, has been acquired by Penske Entertainment, officials announced on Thursday, Nov. 14 — with representatives from both organizations describing the purchase as a way to further invest in the motorsports event.
P1 Groupe Acquires Operation of RacingEdge, One Stop Automotive Classifieds
ORLANDO, Fla., (June 6, 2024) – In an exciting new step in a long-standing partnership, P1 Groupe has recently taken over operations of RacingEdge, an industry leader in premier automotive classified ads online. With over two decades of experience in the professional motorsports industry, P1 Groupe has cultivated invaluable expertise and connections, becoming a go-to resource for clients in need of moving high-performance vehicles. (more…)