Dover Motorsports CEO Talks about Sale of Tenn. Track - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Dover Motorsports CEO Talks about Sale of Tenn. Track

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DOVER, Del. (WBOC) - Dover Motorsports is coming into the first race weekend of the year a little smaller but a little richer, too.
That's because this week the company announced it was selling off Nashville Superspeedway. The sale leaves the company with just its flagship track, Dover International Speedway.

The speedway used to be one of four tracks owned by Dover Motorsports nationwide.

"We acquired those tracks back in the go-go 90's when NASCAR was rocking and rolling, the economy was rocking and rolling," said Denis McGlynn, CEO of Dover Motorsports. "NASCAR was in an expansionist mode. We wanted to be where we thought NASCAR would go next - Memphis, St. Louis, Nashville."

McGlynn says soon after NASCAR's popularity dropped, as did the economy. Over time Dover Motorsports divested itself of the other tracks - most recently the one in Nashville. It was a $46 million deal for the 25,000-seat track with a Nashville-based company, Nexovation.

"They have a different business plan. They're not in the racing production business. They're more in the innovation, invention business. They're going to do a lot of testing out there for automotive stuff," said McGlynn.

WBOC asked McGlynn what this change means for the company's home track in Dover.

"It certainly simplifies things. It allows us to focus on our core property here in Dover. And it doesn't mean that we're going to remain just Dover forever."

McGlynn adds there's no intention of selling Dover International.

"No, no. We're very happy with this property and what we're doing here."

NASCAR officials declined to comment on this news citing the fact it doesn't have skin in the game. The track doesn't have NASCAR races. However, McGlynn says if Nexovation wanted to get back into racing, there's infrastructure in place to expand from 25,000 to 150,000 seats.
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