Dover to pay $11.689 million

Racing at Dover

Dover International Speedway will pay $11.689 million in purse and sanction fees to NASCAR for its two Sprint Cup Series races in 2009, its parent company disclosed in its annual report.

Purse and sanction fees are $6.15 million for the June event and $5.539 million for the September event, according to Dover Motorsports Inc.’s annual report filed Friday with the U.S. Securities and Exchange Commission.

The company reported it will receive a total of $22.482 million in television revenues for those two races. Using the formula that the tracks receive 90 percent of the television revenue for the event and the teams receive 25 percent of the television revenue as part of the purse, approximately $6.245 million of Dover’s revenue went toward the purse for the two Cup races.