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Key NASCAR track owner to buy Kentucky Speedway

Updated: May 23, 2008, 5:44 PM ET
By Marty Smith | ESPN.com

Speedway Motorsports Inc., the parent company that owns seven racetracks that host NASCAR Sprint Cup Series events, announced Thursday it has agreed to purchase Kentucky Speedway.

It is unknown what such a deal would mean for Kentucky Speedway's future. By purchasing the track, SMI officials would have the liberty to move a Sprint Cup date from one of their existing tracks to Kentucky if they so desired.

O. Bruton Smith, chairman of Speedway Motorsports Inc., said he hopes to bring ...

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