Nashville Superspeedway sale deadline extended for fifth time

The closing deadline on the sale of Nashville Superspeedway in Wilson County by Dover Motorsports to NeXovation Inc. has been extended to March 27, according to recent filing. NeXovation Inc. announced in May an agreement to purchase the race track from Dover and its subsidiary Nashville Speedway U.S.A. Inc. for nearly $46 million – $27 million in cash and the assumption of about $18.8 million in bond obligations owed to Wilson County.

It's the fifth time the closing has been extended. The most recent deadline had been set for Feb. 25. NeXovation has already paid $1.7 million in non-refundable payments that will be applied to the purchase price. The filing Dover filed Friday with the Securities and Exchange Commission states NeXovation paid $200,000 for the latest extension, which is non-refundable, but will not be applied toward the purchase price. NeXovation has now paid $400,000 total for the last two deadline extensions, that is non refundable and won't be refunded nor applied to the purchase price. Tennessean