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Twelve drag strips and motorsports venues associated with IHRA owner Darryl Cuttell are listed for sale through sealed-bid auctions hosted by Tranzon. The list includes well-known tracks such as Rockingham Speedway and Heartland Motorsports Park, but the auction terms, sale dates and venues’ futures have not been detailed in the source report.
Twelve drag strips and motorsports venues associated with International Hot Rod Association owner Darryl Cuttell are listed for sale through sealed-bid auctions on Tranzon, according to The Drive. The venues include Rockingham Speedway in North Carolina and Heartland Motorsports Park in Kansas, putting multiple established racing sites on the market amid upheaval at the IHRA.
The properties listed span eight states and include drag strips, oval tracks and larger motorsports sites. Among them are Memphis International Raceway, marketed as having more than 342 acres, and Rockingham Speedway, a former NASCAR Cup Series venue. The listings include facilities with additional attractions and substantial acreage, though the source report does not give asking prices or individual property details for all 12.
The names in the auction listings do not always match the tracks’ better-known former identities. For example, Darana Raceway in Hebron, Ohio, was formerly National Trail Raceway, according to The Drive. Memphis International Raceway’s listing describes a 4,400-foot drag strip and a three-quarter-mile oval track, and characterizes the site as suitable for development.
The full list reported by The Drive is Darana Motorsports Park in Milan, Michigan; Darana Raceway in Hebron and Xenia, Ohio; Darana Dragway in West Salem, Ohio; Rockingham Speedway in Rockingham, North Carolina; Piedmont Dragway in Julian, North Carolina; Darana Motorsports Park in Benson, North Carolina; Memphis International Raceway in Memphis, Tennessee; Atlanta Dragway in Commerce, Georgia; Heartland Motorsports Park in Topeka, Kansas; Virginia Motorsports Park in Petersburg, Virginia; and Empire Dragway in Leicester, New York.
Twelve Tracks Face Uncertain Futures
The listings place a dozen racing properties at a potential turning point: they could continue operating under new ownership, change use, or be redeveloped. No buyer or planned use is identified in the source report, so an auction listing does not by itself confirm that any venue will close or be converted.
The scale of the group matters to racers, local communities and motorsports businesses that rely on track events. Several venues have histories or facilities beyond drag racing, including former NASCAR sites. Memphis International Raceway’s listing explicitly promotes its acreage as suitable for development, but that description is a marketing claim—not confirmation that redevelopment is planned.
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IHRA Changes Preceded the Listings
The auction listings follow a reported disruption at the International Hot Rod Association. The Drive says the sanctioning body canceled the remaining events on its Nitro Drag Racing Series calendar in July 2026 and carried out mass layoffs. The supplied report does not provide an IHRA statement or further detail on the cancellations and staffing changes.
The Drive also reports that Cuttell is involved in a lawsuit concerning more than $600 million he says his company, Darana Hybrid, is owed by SpaceXAI. The report says SpaceXAI has accused Cuttell of overcharging, alleging that funds were used for track renovations. These are opposing claims described in the report; the supplied material does not establish the outcome of the dispute or independently verify either side’s account.
“Cuttell claims SpaceXAI failed to pay his company Darana Hybrid more than $600 million.”
— The Drive, summarizing Cuttell’s position in the SpaceXAI dispute
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Auction Terms and Track Plans Unknown
The source report does not specify auction dates, bidding deadlines, reserve prices, or whether the properties are being sold individually or in groups. It also does not identify bidders, accepted offers or confirmed sale outcomes. The appearance of a property on Tranzon’s site establishes that it is being marketed, not that a transaction has closed.
It remains unclear whether the tracks will keep operating during the sale process, whether any new owner would retain motorsports use, or whether redevelopment is under consideration for sites beyond Memphis. The report also does not include direct comment from the IHRA, Cuttell, Tranzon or the venues about the listings.
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Watch for Bids and Sale Terms
The next concrete developments would be auction schedules and property-specific terms from Tranzon, followed by any announcements of winning bids or completed sales. Buyers’ plans for continued racing, investment or other uses will help clarify the effect on local racing calendars and track employees.
Until those details emerge, the 12 listings should be treated as venues being offered for sale—not as confirmed closures. The status of the IHRA series and the separate SpaceXAI payment dispute also remain relevant to the broader uncertainty described in the report.
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Key Questions
Which racing venues are listed for sale?
The list reported by The Drive includes 12 venues in eight states, among them Rockingham Speedway, Heartland Motorsports Park, Memphis International Raceway, Atlanta Dragway and Virginia Motorsports Park.
Does the auction mean the tracks are closing?
No closure is confirmed in the source report. The properties are listed for sale, but their operating plans and any buyers’ intended uses are not yet known.
When will the auctions take place?
The supplied report does not state auction dates, bidding deadlines or reserve prices. Readers would need current property listings from Tranzon for those details.
Why are the tracks being sold?
The listings follow reported IHRA event cancellations and layoffs, but the source material does not establish a specific reason for each property’s sale. The report separately describes a disputed payment claim involving Cuttell’s company and SpaceXAI.
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