 Later, NASCAR sanctioned two Championship Car events at nearby Martinsville Speedway in 1952 and 1953.On July 30, 2009, RIR track President Doug Fritz announced that the SunTrust Indy Challenge would not be on the 2010 IndyCar Series schedule.The costs to put on the event and possible loss of sponsorship was cited as the reason for the IRL and RIR to not come to an agreement on the event.