NASCAR (National Association of Stock Car Auto Racing) is a private company that acts as the ruling organization for all major stock car races in the United States, sanctioning over 1,200 races in over 30 states. The Company was founded in 1948 by William Henry Getty "Big Bill" France. Since then, stock car racing has grown to become the second most viewed spectator sport in the United States and brings in billions per year in revenue. NASCAR's largest and most prominent series is the Sprint Cup Series.
The France Family Group has full 100% ownership of NASCAR with family members on four of the six board seats. At NASCAR’s publicly held sister company, International Speedway Corp., the family owns a majority of the voting power. International Speedway Corporation owns and operates a number of racetracks and its CEO is NASCAR CEO Brian France's sister, Lena France Kennedy. International Speedway Corp. hosts 21 of the 39 Nextel Cup races and receives a large majority of its revenue from NASCAR.