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Penske Motorsports - 1998 dated Stock Certificate - International Speedway Corporation

Inv# SR1009   Stock
State(s): Delaware
Years: 1998
Color: Multicolored

Stock printed by Security Columbian Banknote Co. Great multicolored car race track background. A modern classic. International Speedway Corporation (ISC) was an entity primarily engaged in the ownership and management of motorsports racetracks. Established in 1953 by Bill France Sr., the founder of NASCAR, ISC was initially created to facilitate the construction of Daytona International Speedway. In 1999, ISC merged with Penske Motorsports, resulting in the formation of one of the largest motorsports organizations in North America. The corporation played a significant, albeit contentious, role in the sport's modernization, collaborating with NASCAR to develop new racetracks and renovate existing ones to enhance both the racing experience and spectator enjoyment. ISC also constructed popular new tracks in areas previously considered indifferent to NASCAR. Due to the presence of several France family members in key leadership roles, ISC faced multiple antitrust lawsuits from its competitors. On May 20, 2019, NASCAR announced its intention to acquire ISC for approximately $2 billion, with the transaction finalized on October 18, 2019, leading to ISC's dissolution into NASCAR.

ISC initiated efforts to implement changes in the late 1990s. The Homestead-Miami Speedway, constructed in 1995 by Ralph Sanchez and Wayne Huizenga, saw ISC and Penske Motorsports, led by the prominent motorsports figure Roger Penske, form a partnership with the track's proprietors in 1997. By 1999, the organization advanced its strategy to penetrate urban markets through a merger with Penske, who at that time owned four speedways: Nazareth Speedway, North Carolina Speedway located in Rockingham, Michigan International Speedway, and the recently established Auto Club Speedway, which was initially known as California Speedway.

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
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