Bruton Smith - Eight is Enough?
If reports are true Bruton Smith will announce within the next 10 minutes he has purchased the Kentucky Motor Speedway.
Which raises the snarky question - I wonder if Eight is Enough?
The place was built for approximately $150 million, I’ll guess Smith is laying out somewhere in the neighborhood of $225 million for the property.
More later after the announcement…
For once, “sources” were correct, Bruton Smith now owns Kentucky Motor Speedway.
A couple interesting notes. The Associated Press speculates the sale “could end a lengthy battle between the track’s ownership group and NASCAR” referring to the anti-trust lawsuit filed by Kentucky Speedway chairman and developer Jerry Carroll.
Well D’OH!
That suit is pretty much moot already after being dismissed in January, although under appeal, and Carroll is out of the ownership picture now.
I also note it didn’t take long for the local media, in this case WLKY TV 32, to start fanning the flames new ownership opens “the door for the northern Kentucky track to perhaps one day host a NASCAR event.”
I’ll give’em credit for using the weasel word “perhaps” so they can’t be called on it later.
“Perhaps” Bruton Smith will bulldoze Las Vegas under and turn it into a tomato patch so it’s much speculated on second date isn’t needed.
Or “perhaps” it’s all a grand scheme concocted by Smith and the now “retired” Humpy Wheeler and Kentucky Speedway will receive a covering of canvas turning it into a very large circus tent for the master Clown Wrangler Wheeler’s amusement and Kentucky’s Nationwide date will morph into a second Las Vegas Sprint Cup date.
Perhaps gives a very wide latitude.
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Or, “perhaps” Bruton seizes on this opportunity to take over the lawsuit and threaten NASCAR until they put the banquet in Vegas along with the last race of the season.
Dream on Matt, with all the financial connections between the two it would be like suing yourself.
That aside, it’s damn hard to threaten someone with an invalid bogus lawsuit.