Search
Close this search box.

Partner

Smith Family Looking to Take Speedway Motorsports Inc. Private

share it
Facebook
Twitter
LinkedIn
Reddit

NASCAR attempting to take over ISC and make the race track company private has been well documented in recent months. Now, it appears the Smith family is wanting to do the same with it’s race track company Speedway Motorsports Inc.

According to a report from NBC Sports’ Dustin Long, Sonic Financial Corp. (a holding company owned by the Smith family) has sent an offer of $18/share to acquire the outstanding shares. The stock closed at $13.94 on Tuesday, so it’s a fair offer for the shares at their current price point.

SMI owns and operates eight tracks which currently have NASCAR Cup Series race dates.

If both ISC and SMI achieve the goal of going private that would certainly open them up to be more agile for NASCAR schedule changes without worrying about effects to shareholders or how they would vote on the matter.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Post

Roto-Rooter and JR Motorsports announce multi-year extension of NASCAR Xfinity Series sponsorship
JR Motorsports Announces Multi-Year Extension With Roto-Rooter
William Sawalich wins ARCA West General Tire 200 at Sonoma Raceway in dramatic three-wide photo finish with Christian Eckes and Alon Day.
William Sawalich Takes Sonoma Win in Wild Three-Wide Photo Finish
AG-NXS-Sonoma-PoleAward-SVG-1
Van Gisbergen Outruns Zilisch for Sonoma Xfinity Pole
Ty Dillon faces off against Alex Bowman in round 3 of NASCAR in-season tournament at Sonoma Raceway
Can Ty Dillon Keep Improbable In-Season Tournament Run Going Against Bowman?
ARCA West Sonoma
Wine Country Wonders: Previewing The General Tire 200 at Sonoma Raceway
CW_2025_05_11_Cup_Kansas_Race_SpeedShot_42_JohnHunterNemechek_LegacyMotorClub-1
Dollar Tree Signs Sponsorship Extension with LEGACY MOTOR CLUB

Join Our Newsletter

Ready to have NASCAR news hand-delivered to your email daily?

Related Article