Dover Motorsports recently announced its Memphis track had been under an agreement of sale to Gulf Coast Entertainment, but Gulf Coast was unable to secure financing.

The NASCAR races previously scheduled for Memphis next year have been moved to other tracks owned by Dover. The truck race will be held April 2 at Nashville Superspeedway, while Gateway International Raceway near St. Louis will host the Nationwide event on October 23.

"This was a difficult decision for us, but one that ultimately was dictated by economics," Denis McGlynn, President and CEO of Dover Motorsports, said in a statement. "NASCAR has approved the realignment of our NASCAR Camping World Truck Series and NASCAR Nationwide Series events from Memphis Motorsports Park to our Nashville and Gateway facilities."

Memphis had hosted a truck race each year since 1998 and a Nationwide event each season since 1999.