Speedway News

Speedway News (8761)

Keep up on racing and speedway news from around the US

Lincoln Speedway is set for its second night of racing this coming Friday, April 26.  The night will be a great one for fans, as grandstand admission is just $10 per person with kids 11 and under free.  In addition, $1 hot dogs will be sold in the concession stand and $2 beers will be sold in the pavilion.

On track action will be led by the first of two appearances this season for the 305 Winged Sprint Cars. The Sprints have made one appearance in each of the last two years but this year’s schedule also has a second date in July at Lincoln Speedway.  The 305’s have a lot of drivers from Central Illinois and run on a semi-regular basis at Jacksonville Speedway.  For many, it will be their first race of the season, as weather has wreaked havoc on their early schedule.

Friday night will also mark the start of the season for the Midwest Big Ten Pro Late Models.  The Lincoln race is the first of ten events in the mini-series which also runs at Macon Speedway and Jacksonville Speedway.  Guy Taylor was the champion of the series in 2018 but is running in the Modified division this year.  Jake Little, of Springfield, IL, will be one of the favorites, as he won the championship in 2017 and took second last year.  Little bested a field of 16 at the season opener, two weeks ago.

The DIRTcar Modifieds are back this week, as well, and are a staple of Lincoln Speedway.  The Mods always have some of the top drivers in the DIRTcar National points, which put on great races week in and week out.  Many time Lincoln Speedway champion, Brian Lynn, started off on the right foot with a win on opening night.  Lynn’s opening night battle took place with Ray Bollinger and Tommy Sheppard, Jr. hot on his heels.  Triumph, though, turned to sadness within a week for the team, as car co-owner, Dale Lessen, passed away unexpectedly.  Lessen was a familiar face and longtime supporter of the track.

A small field of Nutech Seed DII Midgets were in action on opening night at the track.  Andy Baugh claimed the victory at the opener and will actually pull out a second car for Ray Bollinger to drive this week.  Bollinger, a perennial Modified favorite, will be making his first DII Midget start at the track.  The Nutech Seed Front Row Challenge was won by Baugh and resets to $100 for this week’s event.

Rounding out Friday night’s action will be the DIRTcar Hornets.  Eric Vanapeldoorn claimed the opening night victory, as ten cars were on hand.  Nine different Illinois cities were represented by the starting field.

Beautiful weather is forecasted for the evening which is perfect for those coming to take advantage of the discounted prices.  Grandstand admission is just $10 for adults with kids 11 and under free.  Pits will open at 4:00, grandstands at 5:00, drivers meeting will be at 5:50, hotlaps will start at 6:00, and racing will take the green at 7:00.

For more information, visit www.lincolnspeedwayil.com.

Lincoln Speedway PR

The Lucas Oil Late Model Dirt Series hits the road again this weekend, returning to the “Land of Lincoln” for a $12,000-to-win event on Saturday night at Macon Speedway.  The nation’s top dirt late model drivers are expected to challenge a strong field of local and regional standouts. 

The 1/5-mile bullring is accustomed to some of the most thrilling, door-to-door racing action of the season. The event will feature Miller Welders Time Trials, Heat Races, and B-Mains, highlighted by a 100-lap, $12,000-to-win main event. 

The defending National Champion, Jonathan Davenport continues to set the pace in the current Lucas Oil championship chase, 235-points ahead of four-time National Champion, Earl Pearson Jr. Tyler Erb is third, followed by Devin Moran and Josh Richards rounding out the top five in championship standings. 

The event will be the sixth for the series at Macon Speedway.  Former winners include: Bobby Pierce (2014), Jimmy Owens (2015), Bobby Pierce (2016), Josh Richards (2017), and Bobby Pierce (2018). 

Two other divisions will be in action racing for extra prize money, including the BillingsleyRewards.com DIRTcar Modifieds.  The class has had two exciting nights of racing and has a tie for the current point lead.  Rodney Standerfer, of Summerfield, IL, was the winner on opening night at the track, exchanging the lead several times with Tommy Sheppard, Jr. from New Berlin, IL.  On the second night, it was Sheppard taking the lead early and claiming the victory over Standerfer.  The two are tied at 118 points each, while last year’s Pro Late Model champion, Guy Taylor is third, Jared Thomas is fourth, and Tim Hancock is fifth.  The division will be racing for a little extra money this week in an event paying $1,000 to win and $100 to start. 

In two weeks of racing, it’s been all Tim Hancock in the Neal Tire & Auto Pro Modified division.  The former national champion of the class has won both features, though competition has kept him honest so far.  Just behind him in the standings is Decatur, IL driver, Nick Justice.  Justice followed him closely across the line in the season opener and had a decent run on the second night.  Chad Evans, Tim Riech, and Brady Lynch round out the top five in standings. 

Pit gates open this Saturday night at 3:00 with grandstand gates swinging open at 4:00.  Hotlaps will begin at 6:00 with racing taking the green at 7:00 PM.  Grandstand admission is $30 for adults and $5 for kids 11 and under. 

For more information on the event, visit www.maconracing.com

Macon Speedway PR

Horns were honking and the RVs were rolling through the new Turn 3 Oversized Vehicle Tunnel at Talladega Superspeedway Wednesday as NASCAR drivers Jeffrey Earnhardt and Chase Briscoe assisted in the ribbon cutting ceremony as part of the “official” Grand Opening for thousands of fans to enter the track’s iconic infield.

Joining long-time track Chairman Grant Lynch to help kick off the track’s race week for an action-packed tripleheader this weekend, Briscoe and Earnhardt proceeded to lead the extended trail of infield campers through the new tunnel, which is the initial phase of Transformation – The Talladega Superspeedway Infield Project presented by Graybar. Briscoe drove the official Ford Edge ST Pace Car, followed by Earnhardt in a Toyota Tundra truck, with John Ray’s, patriotic Big Rig, a tradition at the 2.66-mile venue during the National Anthem in all pre-race ceremonies, in tow. Once inside, the trio greeted a host of fans who made their way into the mammoth track.

Earnhardt, the grandson of 10-time record Talladega winner Dale Earnhardt Sr., and Briscoe will both be competing in Saturday’s (April 27) MoneyLion 300 NASCAR Xfinity Series race while Earnhardt will contend in Sunday’s GEICO 500 Monster Energy NASCAR Cup Series event (April 28) for Xtreme Concepts Racing where he will make his 2019 debut.

“The new tunnel makes it way more convenient not only for the teams but especially for the race fans,” said Briscoe, in his first full-time season behind the wheel of the No. 98 Ford for Stewart-Haas Racing. “To me, Talladega is already the best fan experience….when you come here you can hang out, it’s just a good time, and now for all the improvements that we’re seeing it’s just going to make it even better. I’m looking forward to coming back in the fall to see the complete renovation (the completion of the Transformation Infield Project). The tunnel is a huge deal and a big part of that too, so I’m looking forward to coming back in the fall as well and seeing it all done.”

“I think it’s incredible,” said Earnhardt, whose best finish in three 2019 starts in the Xfinity Series is a sixth at Atlanta. “For the fans, this is going to be incredible, whether you might have trouble getting here and you get here late, now you can just drive on in. It’s only going to continue to make the fan experience that much better. I’m real excited about it. I know us on the team side are going to be excited about it and I know the fans are going to love it as well.”

The new tunnel, which is more than 28 foot wide and 16 foot high, is capable of allowing fans’ large recreational vehicles as well as race team haulers to enter and exit the track simultaneously with ease. It will be open 24 hours this weekend.

The approximately $50 million Transformation Infield Project presented by Graybar is part of International Speedway Corporation’s (Talladega’s parent company) long-term capital allocation plan and reinvestment into its major motorsports complexes. The culmination of Transformation will occur this October and will allow fans to be immersed into the sport of NASCAR with the one-of-a-kind Talladega Garage Experience, which will feature “up-close” access, interactive attractions and enhanced amenities for fans, sponsors, teams and stakeholders in the iconic Talladega infield.

Fans can learn more about the project by visiting www.talladegasuperspeedway.com/transformation. For ticket information on the track’s tripleheader weekend, featuring Friday’s General Tire 200 (April 26), the  MoneyLion 300 or the GEICO 500, log onto www.talladegasuperspeedway.com or call 855-518-7223 (RACE).

TSS PR

McDonald’s Restaurants has returned as the presenting sponsor for this year’s NASCAR Whelen Modified Tour Toyota Mod Classic 150 on Saturday, August 31.

The Whelen Modified Tour will be returning to the speedway for a fourth consecutive appearance on Classic Weekend with Toyota and McDonald’s combining to present the action for all four years.

“We’re thankful for the continued support from McDonald’s for our NASCAR Modified Tour event,” said track owner, John Torrese. “We’ve enjoyed partnering with McDonald’s for appearances throughout Classic Week and look forward to doing so again this season.”

This August, Oswego Speedway will again display several race cars plus the Burritt Motors Chevrolet Pace Truck at the Oswego East Side McDonald’s located at 264 State Route 104. The event will take place on Budweiser Classic Week, Tuesday, August 27.

McDonald’s will also have a presence at the Toyota Mod Classic itself as the ‘Hamburglar’ will be attending the driver autograph session on the front straightaway, going through the grandstands to visit fans, and also greeting the race winner in victory lane.

The largest restaurant chain in the world, McDonald’s remains famous for its golden arches, hamburgers, and french fries. The fast food conglomerate has two locations in Oswego at 264 State Route 104 and 230 West Bridge Street.

Oswego Speedway fans are encouraged to support McDonald’s, especially throughout Classic Week. Please download the McDonald’s app, find McDonald’s on social media or visit McDonalds.com to keep up with the latest special offers.

Tickets for Oswego Speedway’s 63rd edition of Budweiser International Classic Weekend are on sale now and can be purchased by calling the track box office at (315)-342-0646 or sending an email to This email address is being protected from spambots. You need JavaScript enabled to view it.. Ticket pickup will begin in August.

Oswego Speedway PR

The chase for the lucrative NASCAR and track titles in the T.P.Trailers NASCAR Modifieds and the T.P.Truck Equipment Sportsman is underway. With just two official point races in the Modified record books Brett Kressley is flexing his muscles with a win and a fifth place finish to his credit giving him 578 points. And in the T.P.Truck Equipment NASCAR Sportsman point chase Kyle Lilick is on top with 467 counters and no feature wins. In fact the top five in the point standings for the Sportsman have not cracked victory lane.

Sprint cars will be in action for the first time this season when the Delaware Auto Exchange Mid-Atlantic Sprint Series, featuring 305 Sprint racers, is part of a big tripleheader show of auto racing at Grandview Speedway on Saturday, April 27th, that will also include T.P.Trailers 358 Modifieds and T.P.Truck Equipment Sportsman. Racing gets the green flag at 7 p.m. Gates open at 5 p.m.

Expected to see action in the Sprint car action are such popular racers as recent feature winner Bryant Davis, Rick Stief, Tim Tanner, Tom Carberry, Jeff Geiges and a host of others.

Each division of racing will include a full series of qualifying events leading up to the feature races.

Adult admission is $18 while youngsters under the age of 12 are admitted free. Pit admission is $30.

Fans arriving early will have the opportunity to see a number of race cars up close and talk with a few of the racing talents as part of Low Down And Dirty Meet & Greet near the main grandstand entrance starting at 4:30 p.m. This Saturday Richie Hitzler will represent the Modifieds and Kyle Smith will be there for the Sportsman. The Sprints will be represented by Joe Kay.

Additional information on racing at Grandview Speedway can be had at www.grandviewspeedway.com, Facebook or telephone (610)754.7688.

Grandview Speedway PR

hough Orange County Fair Speedway's "Back the Blue" event is a night dedicated to Law Enforcement Officers,  there's something for the whole family at this yearly speedway tradition. OCFS's new management team has made it their mission to pack as much possible entertainment into every Saturday night, including April 27th's Back the Blue Law Enforcement Appreciation Night.  The night's racing program features the lightning fast 800+ HP Big Block V8 Modifieds, 358 Small Block Modifieds and Sportsman Modifieds racing on the northeast's oldest racetrack, established in 1919.  The "Rock Fantasy Concert Shop" presented Street Stocks are off for the evening and will return for May 4th's "War of the Stars" event.  Just like opening night and every week going forward, the 31st Lap Tavern will feature drink specials and live music before and after the races.  Performing this week is Frankie Sorino and The F-Bombs, while The 31st Lap Tavern serves up $4 Draft Kona Longboard Lagers and $1 off Jaeger Bombs!

In addition to live music, fans will also have the opportunity to meet members of the NY Giants: Carl Banks, Howard Cross and Sean Landeta.  These Superbowl Champions will be signing autographs from around 7-8:30 in "Champions Plaza" behind the grandstands.  Halmar International, the night's presenting sponsor, will also be providing "Hero Cards" for fans to have singed by the players.

Of course the main draw to Back the Blue night is the FREE general admission for Law Enforcement Officers with ID, but this year's event also features FREE admission to all children under 14 years old.  With a one-night-only free kids discount, this is a perfect opportunity for LEO's to bring the whole family!  As if FREE live music, FREE NY Giants autograph session and a full night of the Northeast's most exhilarating racing wasn't enough, OCFS has partnered with local Dunkin' Donuts stores to distribute FREE donuts to the first 500 people through our grandstand gates.

OCFS's long running souvenir program "The Hard Clay" will also be distributed at all spectator gates, for FREE, while supplies last.  This event's special program contains a tribute to legendary OCFS driver and 1976 Sportsman Champion, Russ Meyer.  "Russ Meyer" is the assumed name of an OCFS favorite who kept his real identity a secret because he was a Law Enforcement Officer by day.

If you or a loved one are in law Enforcement, this is a must see event.  Pre-race ceremonies will pay tribute to Law Enforcement with local PD vehicles running parade laps on the track.  Afterwards, representatives from the Town of Wallkill Police, City of Middletown Police, NYS Police and Orange County Sheriff's Dept. will stick around for community engagement, interacting with OCFS fans in the Champions Plaza area behind the grandstands.

 

Night Schedule:

Divisions: M/SB/SP

2:30 – Pit gates open

4:30 – Grandstand and Drive In open

5:30 –   Pack Track

6:00 - Sportsman Timed Hot Laps – 15 Qualify

           Modified Timed Hot Laps – 12 Qualify

           358 Timed Hot Laps – 12 Qualify

           Sportsman Heats (2 Heats 5Q) – 8 Laps

           Modified Heat – (all Q)- 10 Laps

           358 Heats (2 heats, 6 Q)  – 10 Lap

           Fast Time Re-draw / Wheel Spin

           358 “B” Main (2Q) -  12 Lap

           Sportsman “B” Main(3Q) – 8 Laps

INTERMISSION   (8:00 PM)

            Pre Race Ceremonies   Law Enforcement

            358 Feature Event – 25 Laps

            Sportsman Features – 20 Laps    

            Modified,  Feature Event – 30 Laps

            ALL DIVISIONS VICTORY LANE

OME PR

Though Orange County Fair Speedway's "Back the Blue" event is a night dedicated to Law Enforcement Officers,  there's something for the whole family at this yearly speedway tradition. OCFS's new management team has made it their mission to pack as much possible entertainment into every Saturday night, including April 27th's Back the Blue Law Enforcement Appreciation Night.  The night's racing program features the lightning fast 800+ HP Big Block V8 Modifieds, 358 Small Block Modifieds and Sportsman Modifieds racing on the northeast's oldest racetrack, established in 1919.  The "Rock Fantasy Concert Shop" presented Street Stocks are off for the evening and will return for May 4th's "War of the Stars" event.  Just like opening night and every week going forward, the 31st Lap Tavern will feature drink specials and live music before and after the races.  Performing this week is Frankie Sorino and The F-Bombs, while The 31st Lap Tavern serves up $4 Draft Kona Longboard Lagers and $1 off Jaeger Bombs!

 

In addition to live music, fans will also have the opportunity to meet members of the NY Giants: Carl Banks, Howard Cross and Sean Landeta.  These Superbowl Champions will be signing autographs from around 7-8:30 in "Champions Plaza" behind the grandstands.  Halmar International, the night's presenting sponsor, will also be providing "Hero Cards" for fans to have singed by the players.

 

Of course the main draw to Back the Blue night is the FREE general admission for Law Enforcement Officers with ID, but this year's event also features FREE admission to all children under 14 years old.  With a one-night-only free kids discount, this is a perfect opportunity for LEO's to bring the whole family!  As if FREE live music, FREE NY Giants autograph session and a full night of the Northeast's most exhilarating racing wasn't enough, OCFS has partnered with local Dunkin' Donuts stores to distribute FREE donuts to the first 500 people through our grandstand gates.

 

OCFS's long running souvenir program "The Hard Clay" will also be distributed at all spectator gates, for FREE, while supplies last.  This event's special program contains a tribute to legendary OCFS driver and 1976 Sportsman Champion, Russ Meyer.  "Russ Meyer" is the assumed name of an OCFS favorite who kept his real identity a secret because he was a Law Enforcement Officer by day.

 

If you or a loved one are in law Enforcement, this is a must see event.  Pre-race ceremonies will pay tribute to Law Enforcement with local PD vehicles running parade laps on the track.  Afterwards, representatives from the Town of Wallkill Police, City of Middletown Police, NYS Police and Orange County Sheriff's Dept. will stick around for community engagement, interacting with OCFS fans in the Champions Plaza area behind the grandstands.

 

Night Schedule:

Divisions: M/SB/SP

2:30 – Pit gates open

4:30 – Grandstand and Drive In open

5:30 –   Pack Track

6:00 - Sportsman Timed Hot Laps – 15 Qualify

           Modified Timed Hot Laps – 12 Qualify

           358 Timed Hot Laps – 12 Qualify

           Sportsman Heats (2 Heats 5Q) – 8 Laps

           Modified Heat – (all Q)- 10 Laps

           358 Heats (2 heats, 6 Q)  – 10 Lap

           Fast Time Re-draw / Wheel Spin

           358 “B” Main (2Q) -  12 Lap

           Sportsman “B” Main(3Q) – 8 Laps

INTERMISSION   (8:00 PM)

            Pre Race Ceremonies   Law Enforcement

            358 Feature Event – 25 Laps

            Sportsman Features – 20 Laps    

            Modified,  Feature Event – 30 Laps

            ALL DIVISIONS VICTORY LANE

— Some of the most powerful and exciting race cars on the planet will be coming to Palm Beach International Raceway, Jupiter, Fla., for the Super Chevy Show, Saturday, May 25.

 

Ground-pounding Nitro Funny Cars and Fuel Altereds from Earth Shaking Entertainment like Extreme Pursuit and Boston Strangler bring plenty of spine-tingling action to the Super Chevy Pro Show.

 

Gates open at 7 a.m. for vendor and car show participants. Gates open at 8 a.m. for competitors and gates open at 9 a.m. for spectators with the first pro show beginning at 2 p.m.

 

Adult general admission tickets are $20 and children 12 & under are admitted free. Car Show entry is $30 and $10 for one spectator in car show entry. Swap meet tickets include a 10 x 10 space are $50. Car Club ticket prices are $25.

 

If you are coming as part of a car club, the club should e-mail Jacob Stout at This email address is being protected from spambots. You need JavaScript enabled to view it. to R.S.V.P.

 

New for 2019 is the $50 Track Experience. The track experience allows anyone to drive their personal car on PBIR’s road course and autocross track under controlled conditions. Speeds are restricted, and lead/follow will be used on the road course.

 

Click here to purchase tickets to the Super Chevy Show.

 

Additionally, the crowd favorite Wheelie Wagon Wheelstander, Alcohol Funny Cars and Southern Slingshot Nostalgia Front Engine Dragsters will be on hand.

 

The Super Chevy Show is the premier destination for all things Chevrolet. There is a swap meet where you can find those hard to locate parts, a Chevrolet-focused performance marketplace and the largest collection of Chevrolet vehicles in one place from classics to modern.

 

There will be multiple classes of drag racing — Top Eliminator (Box), Eliminator (No Box), Chevy Run What you Brung, and Chevy Truck Index.

 

For more information about the Super Chevy Show visit RacePBIR.com or call (561) 622-1400.

This Saturday and Sunday, April 28-29, Mahoning Valley Speedway will be in action both those days for their first double-up weekend of the year.

On Saturday it’s a regular show featuring Modifieds, Late Models, Street Stocks, Dirt Mods, Pro 4s and Hobby Stocks.

Racing starts at 6:00 pm. Warm-ups will begin at 4:15. Early paid practice takes place 12:30 to 3:30.

Front gates will open at 4:00pm. Adult grandstand admission is $14, $2 off for students, seniors 65+ and active military. Children under 10 are free. Pit admission is $25 for members and $35 non-members.

On Sunday afternoon race number 2 of the Mahoning Valley Speedway/Evergreen Raceway Small Car Enduro Series takes place.

Nine races, alternating once a month per each track, make of the series. Each race awards $500 to win, with 2nd, 3rd, 4th and 5th receiving $300, $200, $150 and $100 respectively. Points will be tallied for each driver and the top five in the final standings will be awarded the same payout. In order to be eligible for the championship monies drivers must run a minimum of three races at each track.

Also on Sunday’s card will be the All-Star Slingshots and Jr. Slingshots plus the East Coast TQ Midgets.

Sunday race time is 1:30. Grandstand admission is $10. Pit admission is $25. Front gates open at 12:30. Pits open at 11:00. Warmups for Slingshots and TQs begin at 12:15. Enduro registration is $40 per car. Slingshot registration is $25 per car and $15 per Jr. Slingshot. Transponders are $6.

Please log onto the official Mahoning Valley Speedway website at www.mahoningvalley-speedway.com or on Facebook at Mahoning Valley Speedway for updated info. Mahoning Valley Speedway is located on PA route 443 just a few miles west of Lehighton.

MVS PR

Having spent much of his life speeding around on pavement, Bubba Wallace turned his attention to the skies on Tuesday at Seymour Johnson Air Force Base in Goldsboro, North Carolina. Continuing Charlotte Motor Speedway’s Mission 600 – in conjunction with the Department of Defense in previewing the 60th running of the Coca-Cola 600 on May 26 – the Coca-Cola Racing Family driver met with airmen, donned a full Air Force flight suit and took an orientation flight code-named “Joust 43” aboard an F-15E Strike Eagle fighter jet.

“It was an awesome day,” Wallace said. “I enjoy coming to Seymour Johnson and just being a part of the organization, obviously Richard Petty Motorsports with its partnership with the Air Force is great. Being able to go up in the fighter jet, whenever they ask me if I want to keep going up I’m going to say ‘Yes,’ because there’s no cooler thing to do. We were going 500 miles per hour – just a little bit faster than what we do. You get to take in the world that we live in from a different perspective. Having the freedoms that we do, it ties back in to why our military is so important and why our sport supports the military.”

Hosted by the 4th Fighter Wing Public Affairs, the Air Force-sponsored Richard Petty Motorsports driver received emergency egress and parachute training as well as cockpit familiarization before he arrived at the 333rd Fighter Squadron – whose pilots are known as the “Lancers” – for pre-flight briefing. Following his training, Wallace took to the air with fighter pilot Capt. John “Wraith” Tilton for a 90-minute flight spanning from the Appalachian Mountains to the Outer Banks.

“This flight kicked my butt,” Wallace added. “Just to be here and take everything in, you always heard people getting deployed when we were growing up and there’s so much more to it than that. I can’t think these airmen enough and the brave men and women who fight for our country.”

Capt. Tilton relished the opportunity to give Wallace a taste of life in the Air Force.

“It’s great, especially to put our squadron and all the troops in the public eye with what we do,” Tilton said. “It’s nice to share that with a guy like Bubba and to give the world a better picture of what we do. Bubba told me about a 45G crash he had and I told him we wouldn’t do that today. We pulled an 8.5 today, but he handled it pretty well.”

Wallace said the buildup event to the Coca-Cola 600 has him psyched up for what promises to be a patriotic weekend like no other.

“Racing on Memorial Day weekend (in the Coca-Cola 600) has always been special," Wallace added. "We look forward to the troops coming to the track, meeting them and their families and giving them an inside look at what we do. I’m proud to be a part of the sport, of NASCAR and Coca-Cola and of everything that Charlotte Motor Speedway does. I’m proud to be involved.”

Along with Mission 600’s thrilling build-up to the Coca-Cola 600, thousands of troops will join fans in the race-day festivities, which will include static military displays and interactive showcases in the Fan Zone. Additionally, 600 troops comprised of members from all five branches of the U.S. Armed Forces will be on the frontstretch during pre-race activities.

Mission 600 kicks off the festivities, with upcoming visits tentatively slated to feature Kyle Larson at Marine Corps Recruit Depot, Parris Island on April 29; and Austin Dillon at U.S. Coast Guard Station Wrightsville Beach on April 30.

Through the speedway’s “Patriot Partners” program, race fans or corporate customers can buy a ticket for a member of the U.S. Armed Forces for just $25. Tickets will be distributed to active-duty personnel and their families through the USO.

Prior to the green flag, ticketholders to the Coca-Cola 600 can also enjoy a FREE pre-race concert featuring Rock and Roll Hall of Fame inductees Cheap Trick.

As part of the salute to the military, race fans are encouraged to use the hashtag #KnowYourMil.

TICKETS:
Coca-Cola 600 tickets for adults start at just $49 while kids 13 and under get in for $10. Tickets, camping and upgrades for every event are available at the gates, by visiting charlottemotorspeedway.com/tickets or calling 1-800-455-FANS (3267).

KEEP TRACK:
Fans can connect with Charlotte Motor Speedway by following on Twitter and Instagram or becoming a Facebook fan. Keep up with all the latest news and information with the Charlotte Motor Speedway mobile app.

KNOW YOUR MILITARY:
Salute your military by sharing your connections and stories on social media using hashtag #KnowYourMil.

CMS PR

Dear Members of the Board of Directors:

Sonic Financial Corporation (“SFC”) is pleased to submit this non-binding proposal to acquire all of the outstanding shares of stock of Speedway Motorsports, Inc. (the “Company” or “TRK”) that are not owned by SFC, O. Bruton Smith, his family and entities controlled by Mr. Smith and his family (collectively with SFC, the “Smith Group”), for cash consideration of $18.00 per share (our “Proposal”). As you know, the Smith Group beneficially owns, directly or indirectly, approximately 29 million shares of TRK, and controls over 70% of the voting power of TRK.

We believe that our Proposal reflects an extremely attractive value to the Company’s public stockholders. Specifically, $18.00 per share represents a significant premium of 31% to yesterday’s closing price and 26% to the 30-day volume-weighted average price per share of $14.27 as of April 22, 2019.

As you know, NASCAR racing has faced several challenges in recent years, and the Company has been impacted by these challenges. NASCAR has indicated the sport would benefit from structural change. We believe TRK would be more able to compete in this challenging and changing environment as a private company.

SFC and members of the Smith Group are best-positioned to continue to manage and oversee the Company as a private company. Mr. Bruton Smith, Executive Chairman and founder of the Company, has been a pioneer in the motorsports business since the sport’s beginning. His ingenuity and vision for the sport have been highly instrumental in the motorsports business for decades, and the sport has recognized his contributions by inducting him into the NASCAR Hall of Fame. Additionally, Mr. Marcus Smith, the current Chief Executive Officer of the Company, has played a key role in the motorsports industry and has also been an important figure in the evolution of the sport and the Company over the past several years. Given the Smith Group’s role in the sport and involvement in the Company, we believe we are the best party to lead the Company through the challenges ahead.

Our Proposal is subject to the approval of the Company’s Board of Directors and the negotiation and execution of mutually acceptable definitive transaction documentation. It is our expectation that a special committee of independent directors appointed by the Company’s Board of Directors will consider our Proposal and make a recommendation to the Company’s Board of Directors. We will not move forward with the Proposal unless it is approved by such a special committee, as advised by independent legal and financial advisors. In addition, our Proposal will be subject to a non-waivable condition requiring the approval of a majority of the aggregate voting power represented by the shares of common stock that are not owned by the Smith Group. Definitive transaction documents related to our Proposal would not be subject to any financing conditions. Finally, given the Smith Group’s existing controlling stake in and history with the Company, we will need to perform only very limited due diligence prior to executing definitive documentation.

Our Proposal should not be construed as indicating an interest in participating in any alternative change of control transaction involving the Company. The Smith Group, in their capacities as shareholders, have no interest in selling control of TRK.

We emphasize that neither the failure of a special committee to recommend a transaction nor the failure of TRK’s public stockholders to approve a transaction would adversely affect the Smith Group’s on-going relationship with the Company. All members of the Smith Group intend to remain as long-term stockholders of the Company if a transaction cannot be completed under our Proposal.

This Proposal is a non-binding expression of interest only and does not constitute an offer subject to binding acceptance, and we reserve the right to withdraw or modify our Proposal at any time. No legal obligation with respect to the Proposal or any other transaction shall arise unless and until we have executed definitive transaction documentation between us and the Company.

We and our advisors look forward to working with the special committee and its advisors to expeditiously negotiate and consummate a mutually acceptable transaction. We are available at your convenience to discuss any aspects of our Proposal and this important transaction.

Sincerely,

 

Sonic Financial Corporation

/s/ Marcus G. Smith                                                                              

Marcus G. Smith, Executive Vice President

Cookies make it easier for us to provide you with our services. With the usage of our services you permit us to use cookies.
Ok Decline