Search results
Results from the WOW.Com Content Network
After trading for 25 years on the New York Stock Exchange, where it was known as Speedway Motorsports, Inc. (SMI), the company was taken private in September 2019, and today is a wholly owned subsidiary of Sonic Financial Corporation, itself owned by members of Bruton Smith's family. The "SMI" initialism is still sometimes used colloquially.
The purchase of the facility was confirmed by Smith that day for $78.3 million, with SMI buying the track for $15 million and assuming the rest in debt. [74] With Smith purchasing the track, he aimed to add approximately 50,000 seats, additional bathrooms, increased parking space, and a renovated garage area upon confirmation of a Cup Series date.
In 2004, he was reassigned to the track's parent company, SMI, to become their head of sales and marketing. Four years later, Smith was promoted to become the president of SMI and was also put in charge to run the Charlotte Motor Speedway, replacing longtime promoter Humpy Wheeler in a controversial transition. In 2015, Smith was promoted to ...
Hornets; mini cup, sprints, legends, focus midgets, figure 8, trains, trailer races, demolition derby, monster trucks, stock cars, modifieds, truck, pro 4's, super modifieds also connected is Drag Racing 1/4 mile and a MX Race track Shenandoah Speedway: Virginia Shenandoah: 0.375 miles (0.604 km) Oval (asphalt)
Smith also created a new division of short-track racing, named Legends Car, after feeling that the Charlotte Motor Speedway needed to cut costs for local, entry-level racing. [49] Smith later incorporated Speedway Motorsports, Inc. (SMI) in 1994, [50] offering 4.5 million shares during the first business quarter in 1995 at a price of $18 per ...
Irwindale Speedway & Dragstrip, which hosted NASCAR races, demolition derbies and drag races, is set to close Dec. 21.
New Hampshire Motor Speedway is currently owned by Speedway Motorsports, LLC (SMI) and is led by track general manager David McGrath. Initially opening as a 1 ⁄ 4 mi (0.40 km) dirt oval in 1961 under the control of Keith Bryar, the motorsports complex was formed four years later after Bryar built a road course to host major motorcycle races.
The owner of Arkansas Derby winner Muth has sued Churchill Downs Inc. and is seeking a temporary injunction against what it called the track’s “illegal” ban of Hall of Fame trainer Bob ...