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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 ...
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.
It has a 54,000-seat capacity as of 2022. Adjacent to Bally's Dover, which owns the surrounding property, the speedway itself is owned by Speedway Motorsports (SMI) and managed by Mike Tatoian. The track opened in 1969 as a combined horse and auto racing facility under the control of David P. Buckson, then-Attorney General of Delaware.
Irwindale Speedway & Dragstrip, which hosted NASCAR races, demolition derbies and drag races, is set to close Dec. 21.
Racing teams 23XI Racing, co-owned by Michael Jordan, and Front Row Motorsports have filed a lawsuit against NASCAR over revenue sharing.
The track is owned by the city of Fort Worth's sports authority and is leased out by Speedway Motorsports, LLC (SMI) for racing, with Mark Faber currently serving as the track's general manager. As of 2021, the track has a capacity of 75,000.