Friday, June 7, 2024

Grosso family re-purchases New Egypt Speedway from Fred Vahlsing

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By Anthony Caruso III | Publisher

In a Facebook post, New Egypt Speedway in New Egypt, New Jersey has announced that the track has been sold. The new owner is Rick Grosso Jr.

He has signed a deal on Monday to acquire the facility from Fred Vahlsing. With this announcement, the Grosso family regains control of the track that they previously owned.

New Egypt Speedway
New Egypt Speedway (Photo by New Egypt Speedway)

“I am happy to announce that New Egypt is once again part of our family,” Grosso Jr. said after signing the deal. “We put a lot of hard work into building the track and operating it for nine seasons (1998-2006), and I am looking forward to regaining our reputation as the region’s premier speedway.”

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At the time of publication, the Grosso family has not announced who their leadership team will be. While a new person is in charge, much of the same will take place this upcoming season, as the announcement said that the Divisions from 2022 will be the same.

The track will be releasing their schedule this weekend at the Motorsports Race Car and Trade Show in Oaks, Pennsylvania.

New Egypt Speedway has been around since 1946 when it was built as a 1/4th mile dirt track. The track then became a paved track in the 1960s, before later returning to dirt.

When the Grosso family purchased the track in 1997, they saved the track from being torn down. After they took over the first time, they replaced the old track and made it a 1/3rd-mile dirt track.

Bill Miscoski and Vahlsing purchased the track in 2006. Three years after their purchase, the track was widened to its 7/16th configuration.

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Barring weather, the track typically holds races every Saturday night from April through October. Notable racers, who have raced at the facility include NASCAR Cup Series Champion Martin Truex Jr., Ray Evernham, Kenny Brightbill, NASCAR Craftsman Truck Series driver Stewart Friesen, and local legend Billy Pauch Sr.

Brandon Grosso, who is part of the Grosso family, was the track’s Modified Champion.

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Anthony Caruso III
Anthony Caruso III
Anthony Caruso III is the Publisher of The Capital Sports Report. He has been in the Journalism field since August 2002. Since that time, Mr. Caruso has covered many marquee events. This includes 13 Heisman Trophy ceremonies, 2 Little World Series events, and one Army-Navy College Football game.
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