Stafford Springs, CT — For the 2008 NASCAR Whelen All-American Series season, Stafford Motor Speedway will institute a tire rule for its SK Modified® and SK Light Modified divisions. The tire rule will limit the number of tires that teams will be able to purchase each week and use during the course of the 2008 season. SK Modified® teams will be allowed to purchase 2 tires each week at the track, while SK Light teams will be allowed to purchase one tire each week at the track.
“During the course of the 2007 season, the feedback we were getting from our SK Modified® competitors was pointing us in the direction of going with a tire rule for the 2008 season,” said SMS COO/GM Mark Arute. “Once the season was over, we consulted with our tech staff to put together a tire rule based on the competitor feedback we had received. Once we had something put together on paper, we sent it out to our SK Modified® and SK Light competitors for their review, and the response from our competitors has been overwhelmingly positive. The tire rule is still in its infant stage and we will continue to work with our competitors and make any necessary adjustments as go forward into the 2008 season.”
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Daytona Beach, FL — Today’s announcement that Speedway Motorsports Inc. has purchased New Hampshire International Speedway is yet another indication that the NASCAR industry continues to grow and thrive. Capitalizing on NASCAR’s national appeal and growth, the Bahre family created a passionate fan base and developed a valuable venue that has hosted the largest sporting events in New England including 26 consecutive sellouts.
The success of NHIS, and the desire of the Bahre family to sell, made the track very attractive to SMI and several other interested buyers. SMI has a highly regarded record for hosting some of the most successful and enjoyable race events in all of NASCAR, and there’s no doubt that will continue.
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Charlotte, NC — Speedway Motorsports, Inc. (NYSE:TRK) has agreed to purchase New Hampshire International Speedway from Bob and Gary Bahre for $340 million in cash. The agreement was announced today by O. Bruton Smith, founder, chairman and chief executive officer of Speedway Motorsports, Inc. The acquisition is expected to close in the first quarter of 2008.To align with other SMI-owned speedway brands, the track will be renamed New Hampshire Motor Speedway following completion of the acquisition.
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