Andy Humbles

ahumbles@tennessean.com

The closing deadline on the sale of Nashville Superspeedway in Wilson County by Dover Motorsports to NeXovation Inc. has been extended to Jan. 26, according to a 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 third time the closing has been extended. The second deadline had been set for Wednesday.

NeXovation agreed to release the $1.1 million remaining in escrow to Dover and pay an additional $200,000 as part of the agreement to extend a third time, according to the document Dover recently filed with the Securities and Exchange Commission. The $1.7 million NeXovation has now paid Dover Motorsports is non-refundable, but will be applied toward the purchase price.

The Nashville Superspeedway opened in 2001, but was never able to attract a Sprint Cup NASCAR race and largely shut down in 2011.

NeXovation hadn't revealed specifics on how it will use the Superspeedway other than say it plans for it to be a year-round venue with events beyond auto racing.

Reach Andy Humbles at 615-726-5939 and on Twitter @AndyHumbles.