Iowa Speedway announced a change of ownership today with the original financial team giving way to the Clement Corporation owned and run by Conrad Clement, of Featherlite Corp. fame.
Clement stated that there would be no fan or staff changes and that the track would continue to bring bigger and better racing events to the speedway. Although, he stated that the Sprint Cup schedule is full, but he felt that if they could continue to have sold out races a spot would open in the future.
The change over will continue to feature Rusty Wallace as a minority owner. The Clement family has been involved in the speedway operation and acquiring sponsorship and racing events to the track from its inception.
Clement emphasized that the fans will remain the focus of Iowa Speedway as them move forward into this new phase of existence and No staff changes would occur. “You build businesses on people.” Clement stated, “ And I want all of the staff and the sponsors to understand that these people will still be doing their jobs next week, next month and as long as we are here.”