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Lowe's, SMI refute report

Updated: July 31, 2009, 8:25 PM ET
Associated Press

SPARTA, Ky. -- Officials from Speedway Motorsports Inc. and Lowe's insist they are still talking in the wake of a report that the home improvement chain is ending its sponsorship of SMI's flagship track.

The Sports Business Journal reported Friday that Lowe's will not renew its 11-year sponsorship of the 1.5-mile oval outside Charlotte, formerly known as Charlotte Motor Speedway.

SMI president and CEO Marcus Smith said both sides are still negotiating and that he remains confident ...

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