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Your email address will not be published.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

JM_Xfin_BRI_Race_VanAlst
Greg Van Alst Motorsports Forms Part-Time Truck Team; Debuting at IRP
NASCAR was unaware of how severe Cody Ware crash at Chicago was, admits mistake in delayed caution
NASCAR Race Control Was Unaware of How Severe Cody Ware Crash Was
Joey Logano confronted Ross Chastain after late-race run-in at Grant Park 165 in Chicago
Joey Logano Laments 'Typical Ross' Chastain After Chicago Late-Race Run-In
2025-07-06 14-12-10
Shane Van Gisbergen Completes Chicago Street Course Weekend Sweep
NASCAR Live Race Video Highlights for the Grant Park 165 at the Chicago Street Course
Video Highlights: NASCAR Cup Series Grant Park 165 at Chicago
10 drivers will drop to the rear prior to the green flag in the NASCAR Cup Series Grant Park 165 at the Chicago Street Course
10 Total Cars Dropping to Rear Prior to NASCAR Cup Chicago Street Race

Join Our Newsletter

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

Related Article