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                                                                   EXHIBIT 10.30

[LOGO OF UNITED STATES AUTO CLUB]             [LOGO OF UNITED STATES AUTO CLUB]

                            UNITED STATES AUTO CLUB

                         Official Sanction Application
                    Under the Rules and Regulations of USAC
 4910 West 16th Street      Speedway, Indiana 46224      Area Code 317/247-5151

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Sanction No. Granted                                      November 18, 1996
                    -----------------------------       ---------------------
                    (To be issued at USAC Office)               (DATE)

The undersigned race organizer or organizing corporation does hereby apply for a
United States Auto Club Sanction to conduct and organize a USAC Racing Event.  
If this application is approved by USAC the organizer(s) agree to abide by the 
conditions stated herein or agreed to in any addendums thereof.

Date    September 13-14, 1997                   Time      Day
    ------------------------------------------      ----------------------------
        9/12-13/98 and 9/11-12/99
Place   Memphis, Tennessee
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Name of Track   Memphis Speedway         Size  7/8 Mile     Surface  Asphalt
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Type of Event    USAC Silver Crown Championship Series Event
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Program of Events  Practice, Qualifying, Qualifying Race, 100 Mile Feature Event
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Guaranteed Purse  [*] total plus contingencies as are applicable
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Total Purse to be Posted   Above guaranteed amount plus posted accessory and
                        --------------------------------------------------------

lap prizes as are applicable.
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Race Organizer  Mr. Christopher R. Pook, Memphis Motorsports Park LBGPA,
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3000 Pacific Ave., Long Beach, CA  90806   (310) 981-2000   Fax (310) 981-2616
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                          Executed Sanction and Sanction Fee  Sanction 12/10/96
Sanction Fee [*]          Returnable to USAC by 1/2 Fee April 1, 1997
            ----------                         ---------------------------------
                                                1/2 Fee September 1, 1997
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APPLICATION FOR SANCTION IS NOT COMPLETE UNLESS ACCOMPANIED BY SANCTION FEE AND
NO CONTEST SHALL BE ADVERTISED AS A UNITED STATES AUTO CLUB EVENT UNTIL SANCTION
HAS BEEN GRANTED BY THE UNITED STATES AUTO CLUB, INC. (HEREIN SOMETIMES REFERRED
TO AS USAC OR UNITED STATES AUTO CLUB).
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In making application for sanction of this race by the United States Auto Club, 
the undersigned (herein sometimes referred to as the organizer) hereby agrees to
be bound by each of the following terms, conditions and agreements:

1.  Special Terms:  A.  This is a three year agreement as per dates above.

    Guaranteed purse, payable to USA      September 12, 1997
                                    --------------------------------------------

    Additional funds to USAC by       September 12, 1997
                               -------------------------------------------------

      Divisional Point Fund                  [*]
                                             -----------
      Participant Insurance Fee              [*]         (1996 Quote)
                                             -----------
      Championship Appearance Money          [*]
                                             -----------
      Official Fees                         $ Included in sanction fee
                                             -----------

    Official fees are payable a second time if officials are compelled to return
    for an uncompleted or rescheduled event. The amount will be negotiated and
    will be paid prior to the new schedule date.

    The organizer will furnish USAC true copy of Insurance policy containing 
    minimum requirements specified in paragraph 15 by  August 1, 1997.
                                                      ---------------

2.  USAC shall have the exclusive right to contract out or to take or cause to
    be taken by others, make, broadcast, rebroadcast, use, reproduce, transmit,
    copyright, sell, license or otherwise dispose of, for any purpose
    whatsoever, radio, television, pictures, sound, film and tape, motion
    pictures, still photographs and sound of this racing event. If this race is
    televised as a part of USAC's television contract, USAC shall divide and
    apportion the net revenue received from the allocation for this race between
    USAC, the organizer and the participants in accordance with the then
    applicable distribution formula. Refer to Addendum "A" for final television
    agreement between USAC and Memphis Motorsports Park.

3.  The track herein named will be put in, and maintained in a suitable 
    condition and will be subject to an inspection and approval by USAC.

4.  The organizer shall be responsible for issuing non-USAC restricted area
    credentials to non-USAC licensed personnel to include press, radio, TV
    personnel, and for race organizer employees directly involved in the conduct
    of the race. USAC will issue restricted area credentials to USAC licensed
    participant members, who possess current membership credentials, including
    officials, owners, drivers, mechanics, corporate members, manufacturers'
    representatives and accessory company personnel directly involved in the
    race; also very important personnel such as prospective sponsors. USAC
    issued credentials will be acceptable for entrance to restricted areas,
    including pits. During the conduct of the race, including practice,
    qualifications, and the race, the USAC chief steward has the authority over
    and control of all personnel authorized to be on the track, in the pit, and
    restricted areas, and may require the immediate removal from these areas
    personnel who are not directly involved in the conduct of the race,
    regardless of possession of issued credentials.

 *  Indicates certain confidential information has been omitted. The
    confidential information that has been omitted has been filed separately
    with the SEC and Confidential treatment sought.
    



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5.  The organizer will provide separate facilities for news media personnel and
    for USAC official scoring personnel. The scoring and timing facility shall
    be in a restricted area accessible only to authorized USAC officials. Timing
    and scoring facilities must be approved by the director of timing and
    scoring.

6.  During the five calendar days prior to this racing event, if the organizer
    permits the race track to be used by any of the cars or drivers entered in
    this event, the track shall be open to all entrants of this racing event on
    equal terms. The term "racing event" as used in this agreement shall mean
    all official USAC sanctioned functions at the track in conjunction with this
    race, beginning with the first day of USAC sanctioned practice.

7.  USAC shall establish the date for close of entries after first conferring
    with the organizer. Upon signature and return of the sanction agreement with
    the sanction fee, car entry forms will be mailed by USAC in duplicate with
    instructions to send both the organizer and USAC completed entry forms. USAC
    and the organizer will advise each other of number of entries received and
    when requested, will provide the other with duplicate of entries.
    Participants shall be limited to those in good standing with USAC.

8.  USAC will select the officials for the event herein described. The Chief
    Steward and other officials are selected, who are not employees of USAC, are
    Independent Contractors, but all such officials are agents of USAC in the
    performance of their duties in connection with this racing events, and shall
    not by reason thereof be excluded from coverage of any insurance secured by
    the organizer for their benefit. USAC will furnish the race organizer a list
    of officials for inclusion in the race program.

9.  The chief steward named as such by USAC shall have the right to regulate
    and/or alter the racing event as conditions warrant.

10. The race organizer shall be responsible for the organization of the racing
    event. He shall provide all physical safety precautions for the race
    participants at the racing facility and provide adequate track safety
    equipment and personnel, including on site ambulance service for
    transportation to local hospitals which complies with federal DOT standards
    for the current year, emergency medical personnel as prescribed by USAC,
    fire fighting equipment and rescue personnel as approved by USAC, wreckers,
    track cleanup personnel and when applicable, push trucks. The decision of
    the USAC Chief Steward and/or the USAC Director of Competition shall be
    final as the adequacy of such safety precautions, equipment and personnel.

11. All prize money, sanction fees, point fund contributions and appearance fees
    that are due in connection with this racing event are payable to USAC, Inc.
    as described under special terms, Section 1., of this agreement. Unearned or
    unexpended prize money shall be returned to the race organizer.

12. In addition to the amount prescribed as the race organizer's contribution to
    the divisional point fund, USAC will withhold additional amounts from the
    basic purse for deposit into the appropriate owners' and drivers' year-end
    divisional point fund.

13. If the purse is established on a percentage of gross gate receipts, the
    organizer will, upon completion of the race, on a form furnished by USAC,
    provide an audit of all gate receipts (a manifest) to the USAC chief
    steward, or the USAC director of competition, which will include, in detail,
    number of tickets printed, category and serial number, gross ticket sales,
    number of tickets remaining unused or unsold certification of amount of
    excise taxes applicable. The ticket manifest and purse overage, if any will
    be provided the USAC chief steward immediately following completion of the
    race.

14. When applicable, as may be indicated under special terms, Section 1.,
    "Participant Insurance Fee", the race organizer agrees to pay to USAC an
    assigned fee which will be applied to the premium for the USAC participant
    accident insurance plan. In consideration therefor, USAC agrees to provide
    accident insurance covering all properly registered Drivers, Entrants, Crew
    Members, Officials and other designated personnel, participating in this
    event including business visitors who are assigned proper non-transferable
    restricted area credentials.

15. The organizer has secured or will secure liability insurance against any and
    all liability, including liability resulting from negligence, and all costs
    and expenses, including attorneys fees, incurred in defense thereof, arising
    out of or as a result of this or any other event held in conjunction with
    the USAC sanctioned racing event and such insurance shall include:


      A minimum of           $ 1,000,000.00                         , for each 
                  --------------------------------------------------
      occurrence, combined bodily injury and property damage for each accident,
      or the limits contained in the race organizer's insurance policy or
      policies, whichever is greater.

    USAC, the Automobile Competition Committee for the United States (ACCUS),
    the Federation Internationale de l'Automobile (FIA), if this event is FIA
    listed, and their directors, officials, official representatives, employees
    and executive officers must be named as additional insureds on all such
    insurance policies. However, nothing herein shall require the organizer to
    insure participants in this racing event against liability from claims
    against such participants arising out of or as a result of this racing
    event.

    No later than twenty (20) days before the racing event, the organizer shall
    submit to USAC true copies of insurance showing that insurance policies
    containing these minimum requirements have been issued. The true copies of
    insurance should also contain provisions stating that in the event of
    cancellation of any policy, a reduction in the limits of liability of the
    policy or a reduction in the coverage of the policy, at least ten (10) days
    written notice of such changes prior to the racing event will be given to
    USAC by certified or registered mail, at 4910 West 16th Street, Speedway,
    Indiana 46224. Copies of insurance policies must be provided, unless covered
    in the original insurance policy, for rescheduled race dates.

16. The undersigned further agrees to indemnify and hold harmless the United
    States Auto Club, its directors, officials, official representatives,
    employees and executive officers from any and all liability, including
    liability resulting from negligence, and all costs and expenses, including
    attorney's fees, incurred in defense thereof, asserted or imposed upon the
    United States Auto Club, its directors, officials, official representatives,
    employees and executive officers, arising out of or as a result of this
    racing event.

17. If, at the closing date for entries, official entries specified on the
    official USAC entry form for the starting field for the feature racing
    event, the organizer shall have the right to cancel within three (3) days
    after the date on which entries are closed. If the organizer under these
    circumstances exercises his cancellation right, he will be entitled to the
    return of the sanction fee. Cancellation of the sanctioned racing event by
    the organizer for any other reason, however, will be cause for the organizer
    to forfeit the sanction fee plus being liable for actual damages. If there
    is an unexpected cancellation of the racing event due to a "force majeure"
    or "act of God," as determined exclusively by USAC, then the sanction fee
    will be returned to the organizer.

18. The undersigned understands and agrees that the connection of USAC with the
    promotion of this racing event is purely advisory; that its rules and
    regulations are promulgated for the improvement and stabilization of
    automotive competition; and that USAC is a non-profit corporation. The
    undersigned agrees to be bound by the Official Competition Rules of USAC and
    by any modifications thereof, and, in consideration of the granting of this
    sanction, releases and discharges USAC and its respective officials and
    representatives from all liability for personal injuries that may be
    received, and from all claims and demands for damages to real and personal
    property or to any person, growing out of or resulting from this racing
    event, whether caused by any construction or condition of any track or
    tracks, equipment, cars or devices, or resulting from any act or failure of
    any official in connection with this racing event, UNLESS SUCH ACT OR
    FAILURE IS AN INTENTIONAL WRONG ON THE PART OF ANY SUCH OFFICIAL.

19. All announcements, advertising, publicity material, supplemental
    regulations, programs, and official communications in connection with this
    racing event, shall be conspicuously marked with the phrase "sanctioned by
    USAC," or words to that effect, and shall display the registered mark of
    USAC in the form submitted to the organizer by USAC.

20. Violation of any of the provisions of this sanction agreement or any
    applicable USAC rules shall be cause for cancellation of the sanctioned
    racing event by USAC, forfeiture of the sanction fee and all other fees and
    contributions paid by the organizer to USAC, plus liability of the organizer
    for damages.



SPECIAL TERMS:  Race organizer agrees to pay USAC [*] participant insurance fee.
USAC will issue all participant credentials and return fees from same to race
organizer. Returned fees shall not include entry fees, license or member
registration. Under provisions of paragraph 15 of this agreement, the race
organizer shall include the United States Auto Club, its Directors, Officers,
Official Representatives, Employees, Executive Officers, U.S. Tobacco Company,
Canon USA, Inc., Wynn Oil Company, STP Div. First Brands Corp., Hoosier Racing
Tire Corp., Race Tire America, Goodyear Tire & Rubber Co.,
Bridgestone/Firestone, True Value and Stoops Freightliner, Inc. as additional
insured parties on all required liability policies.


USAC APPROVAL                       
                                   APPLICANT  Memphis Speedway
                                            -----------------------------------

SANCTION NUMBER GRANTED            AUTHORIZED SIGNATURE  /s/ Christopher R. Pook
                       -----------                     -------------------------

DATE                               TITLE     CEO
    ------------------------------      ----------------------------------------

AUTHORIZED SIGNATURE               DATE      12/16/96
                    --------------     -----------------------------------------

SANCTION APPLICATIONS SHOULD BE FILLED IN AND SIGNED IN TRIPLICATE, WITH ALL
THREE COPIES FORWARDED TO THE UNITED STATES AUTO CLUB, 4910 WEST 16TH STREET,
SPEEDWAY, INDIANA 46224. WHEN SANCTION IS APPROVED, ONE COPY WILL BE SIGNED BY
AN AUTHORIZED USAC REPRESENTATIVE AND RETURNED TO THE ORGANIZER. ALL SANCTION
APPLICATIONS MUST BE ACCOMPANIED BY THE NECESSARY SANCTION FEE.

* Indicates certain confidential information has been omitted.  The confidential
  information that has been omitted has been filed separately with the SEC and 
  Confidential treatment sought.