SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

__________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

~~September~~December 620, 2007

AMERICAN RACING CAPITAL, INC.

(Exact Name of Registrant as Specified in Charter)

Nevada	0-29057	87-0631750
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

9880 Via Parsar, Suite A, San Diego, CA	92126
9880 Via Pasar, Suite A, San Diego, CA	92126
(Address of principal executive offices)	(Zip code)
(800) 230-7132
Registrant’s telephone number, including area code:

Not Applicable (Former Name or Former Address, If Changed Since Last Report)

(Former Name or Former Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1 2.0104. ~~Entry~~Triggering ~~into~~Events ~~Material~~That ~~Definitive~~Accelerate ~~Agreement~~or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

On ~~September~~December 620, 2007 ~~(the “Transaction Date”)~~, American Racing Capital, Inc., ~~a Nevada corporation~~ (the “Company”), ~~through~~received ~~its~~a ~~subsidiary,~~letter ~~Motorsports~~from ~~Entertainment~~Gottbetter of& ~~Tennessee Corp.~~Partners, ~~entered into~~LLP ~~that~~on ~~certain~~behalf ~~Option~~of ToBesser Kapital ~~Purchaser~~Fund, ~~Real~~Ltd. ~~Estate Agreement~~ (~~the~~ “~~Agreement~~Besser”) ~~with~~and J. ~~Magnolia~~Roebling ~~Motor~~Fund ~~Speedway,~~LP ~~Inc.~~ (“~~Magnolia~~Roebling”), ~~and~~the ~~Rhett~~holders ~~Real~~of ~~Estate,~~Senior ~~Inc.,~~Secured asConvertible ~~escrow~~Notes ~~agent~~of (the ~~“Escrow Agent”) pursuant~~Company toissued ~~which~~on ~~the~~June ~~Company~~20, 2007 ~~received~~(together, the ~~irrevocable right~~ “Notes” and ~~option to~~ ~~purchase~~each, ~~for~~a ~~Two Million Three Hundred Thousand Dollars ($2,300,000) (the~~“Besser Note” and a “~~Purchase~~Roebling ~~Price~~Note”), ~~the real~~whereby ~~property~~Besser ~~generally described as “Magnolia Motor Speedway”~~ and asRoebling ~~more~~provided ~~fully described~~notice into the ~~Agreement~~Company (that the ~~“Option”)~~Company inis ~~consideration~~in ~~for~~default under the ~~payment~~Notes onand the ~~Transaction~~related ~~Date~~Securities byPurchase ~~the~~Agreement, ~~Company to Magnolia~~Pledge ofand ~~Ten~~Escrow ~~Thousand Dollars ($10~~Agreement,~~000)~~ ~~cash~~Security ~~(the~~Agreement ~~“Deposit”) to~~and ~~the Escrow~~Guarantee, ~~Agent.~~each ~~The~~dated ~~Option~~as ~~expires~~of ~~on December 31~~June 20, 2007 (collectively, ~~however~~ the ~~Company~~“Related ~~shall~~Agreements”). ~~provide to Magnolia written notice of its intention to exercise or relinquish~~The ~~the~~current ~~Option~~principal ~~not~~balances ~~later~~due ~~than~~on ~~December~~the 1,Besser ~~2007.~~Note Inand the ~~event~~Roebling ~~that~~Note ~~the Company~~are ~~exercises~~$180,000 ~~such~~and ~~Option~~$120,000, ~~the~~respectively. ~~parties~~The ~~shall~~Notes ~~close~~became ~~within~~due ~~thirty~~and ~~(30)~~payable ~~days after~~on ~~receipt~~December by17, ~~Magnolia~~2007. ofBesser ~~such notification~~ and ~~the~~Roebling ~~Deposit~~reserve ~~shall~~all beavailable ~~applied~~legal torights under the ~~Purchase~~ ~~Price.~~Notes Aand ~~copy of~~ the ~~Agreement~~Related ~~is attached hereto as Exhibit 10~~Agreements.~~1, and a Press Release is attached as Exhibit 99.1 hereto.~~

Item 9.01. Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(d) Exhibit No. Description:

Exhibit	Description	Location
Exhibit 10.1	Option To Purchase Real Estate, dated September 6, 2007, by and between Magnolia Motor Speedway, Inc., Motorsports Entertainment of Tennessee Corp. and Rhett Real Estate, Inc., as escrow agent	Provided herewith
Exhibit 99.1	Press Release	Provided herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AMERICAN RACING CAPITAL, INC.
Date: January 23, 2008	AMERICAN RACING CAPITAL, INC.
Date: September 20, 2007	By:	/s/ A. Robert Koveleski
	By: /s/ A. Robert Koveleski
	Name: A. Robert Koveleski	~~Name: A. Robert Koveleski~~
	Title: President & Chief Executive Officer	~~Title: President & Chief Executive Officer~~

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