MOTORSPORTS PARK GOING THROUGH BANKRUPTCY PROCEEDINGS

A bankruptcy hearing is going to be held in the middle of July. A stalking horse bid of $22.5 million was placed by NEI Motorsports, LLC to take over the company. The park is currently owned by the New Jersey Motor Sports LLC. The stalking horse provides a minimum bid all other others will have to hit in order to be apart of the talks to buy the park. The day-to-day operations of the park are remaining unchanged.