Done deal...
source: paddocktalk.com Dover Motorsports, Inc. (NYSE Symbol: DVD) announced today that its wholly owned subsidiary, Grand Prix Association of Long Beach, Inc., closed on the sale of its Grand Prix of Long Beach event for $15 million in cash to Aquarium Asset Management, LLC, an affiliate of Champ Car World Series, LLC. The Company previously announced entering into the asset purchase agreement on May 24, 2005. "We're delighted that this transaction has now been completed and we can now concentrate on working with our new partners at Champ Car in making next year's Toyota Grand Prix of Long Beach an even more spectacular event," said Jim Michaelian, president and CEO of the Grand Prix. The 32nd Annual Toyota Grand Prix of Long Beach will take place April 7-9, 2006.
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