The NASCAR track in New Hampshire is owned by the New Hampshire Motor Speedway Corporation. The Corporation is a privately held company that is owned by the Speedway’s founder, Bruton Smith, and his family. The Corporation also owns and operates the Las Vegas Motor Speedway and the Charlotte Motor Speedway.
The 1.2-acre multi-use complex contains a 1.058-mile oval track, a 1.5-mile road course, a 0.25-mile mini track, and a 0.25-mile dirt flat track, making it the state’s largest sports and entertainment facility.
What Companies Own Nascar Tracks?
NASCAR tracks are owned by a variety of companies, with the most common being speedways and motorsports venues. Some of the most well-known companies that own NASCAR tracks include Daytona International Speedway, Talladega Superspeedway, and Bristol Motor Speedway. While these companies are the most well-known, there are many other companies that own NASCAR tracks, such as private companies, investment firms, and even race teams themselves.
NASCAR is a popular motor sport event that has millions of fans watching it. Typically, there are a few laps around the track before the race begins. Cars are used by drivers in a variety of ways, including stock cars, sports cars, and trucks. Every race has a chance of being exciting to watch, and close finishes are common.
NASCAR is a publicly traded company that is majority-owned by its shareholders. The company was founded in 1952 by Bill France, Sr. Since August 2018, the CEO position has been held by Jim France, France’s son. The company’s headquarters are in Daytona Beach, Florida. Over 1,500 races are held each year at over 100 tracks in 48 states across the United States, as well as in Canada, Mexico, and Europe.
Nh Motor Speedway
The New Hampshire Motor Speedway is a 1.058-mile oval speedway located in Loudon, New Hampshire, United States. The speedway is often referred to as “The Magic Mile” due to its unique length. The track was originally opened in June 1990 as a 1/4-mile oval. In September 2008, the track was extended to its current length. The speedway hosts two NASCAR race weekends per year. The first is the NASCAR Xfinity Series race, which is held in July. The second is the NASCAR Cup Series race, which is held in September.
Speedway Motorsports Purchases New Hampshire International Speedway
In January 2008, Speedway Motorsports, Inc. announced the purchase of New Hampshire International Speedway. The 1.058-mile oval track, located in Loudon, New Hampshire, has been a mainstay on the NASCAR schedule since it first hosted a race in July 1993. The track, which seats approximately 80,000 fans, will continue to host two NASCAR Sprint Cup Series races each year.
Bob and Gary Bahre, the current owners of New Hampshire International Speedway, agreed to sell it to Speedway Motorsports Inc. for $340 million in cash. The track first opened in 1990 and hosts two NASCAR NEXTEL Cup Series races per year. There is no doubt that the multi-use complex is the most technologically advanced facility in New England. We expect the transaction to close in the first quarter of 2008. The company will sponsor 13 NASCAR-sanctioned Sprint Cup races in 2008, formerly known as the NASCAR NEXTEL Cup. The combined seating capacity of the seven SMI facilities will be over 850,000. Furthermore, it owns Motorsports Authentics, a joint venture with International Speedway Corporation. A number of forward-looking statements are included in this news release, particularly those concerning the Company’s future operations and financial results. Consumer and corporate spending sentiment; air travel; government regulations; military actions; national or local catastrophic events; and the success of and weather surrounding NASCAR, IRL, and other racing events are all factors that can affect future events and trends of the business.