Speedway Motorsports Chairman Bruton Smith featured in Fortune magazine

By SceneDaily Staff
Friday, November 06, 2009
Speedway Motorsports Inc. Chairman and Chief Executive Officer Bruton Smith is featured in the Nov. 9 issue of Fortune magazine. (LaDon George / NASCAR Scene)

Speedway Motorsports Inc. Chairman and Chief Executive Officer Bruton Smith is featured in the Nov. 9 issue of Fortune magazine.

LaDon George
NASCAR Scene

FORT WORTH, Texas – Speedway Motorsports Inc. Chairman and Chief Executive Officer Bruton Smith is among Fortune magazine’s list of “8 over 80” in its Nov. 9 issue.

The introduction to the one-page list states “these titans are still cutting deals and calling the shots.”

Smith, 82, is CEO of both SMI and the Sonic Automotive chain of auto dealerships. SMI owns tracks in or near Charlotte, Atlanta, Las Vegas, Texas, Bristol (Tenn.), Sonoma (Calif.), New Hampshire and Kentucky.

Smith is ranked fourth among the eight executives.

“The man known for bringing NASCAR to Wall Street hasn’t slowed down,” the magazine wrote. “He runs eight race tracks through his Speedway Motorsports and oversees 160 car dealerships.”

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8 responses to "Speedway Motorsports Chairman Bruton Smith featured in Fortune magazine ". Post a Comment.
  1. 1
    lgerringer said:
    Nov 6, 2009 at 3:57 PM

    If they hadn't of featured him he would have taken his track and gone home.

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  2. 2
    Werner said:
    Nov 6, 2009 at 4:52 PM

    when NASCAR went to Wall St in certainly did change the sport...it's all about the money{profits} now, racing comes 2nd...

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  3. 3
    wmvjr1960 said:
    Nov 6, 2009 at 6:00 PM

    This is the poster boy for unbridled greed. Just like Hedley Lamar from Blazing Saddles. (Harvey Korman). yeeeccchhh. boo, hiss.

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  4. 4
    nascarnutsheeler said:
    Nov 6, 2009 at 6:02 PM

    What is it #1. Are you jealous you don't have his smarts. Werner, we knew it was going to happen to our favorite sport sooner or later thank heaven it was Bruton that did it.

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  5. 5
    leftturn said:
    Nov 6, 2009 at 6:51 PM

    Bruton has always been smart enough to realize what it takes to bring in the fans to spend their money. He never has been shy about that and willing to do what it takes to put butts in the seats and cash in the drawer.

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  6. 6
    Meg said:
    Nov 6, 2009 at 8:23 PM

    SMI owns half of Motorsports Authentics ..The company warned the situation might not get better and that bankruptcy is a possibility. What's wrong with this picture? Wasn't he suing Charlotte NC for something like eighty million a little while ago for not getting him grant money to cover the cost of a drag strip or something like that..

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  7. 7
    leftturn said:
    Nov 6, 2009 at 9:13 PM

    I may be mistaken but I believe he wanted to open a drag strip and the city gave him a tax abatement then they backed out and he threatened to shut down the Charlotte track and build somewhere out of their reach. I do know that it was a big deal and then gone. Maybe someone in Charlotte can give an update. I do know SMI is posting profit although down from last year.

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  8. 8
    Werner said:
    Nov 6, 2009 at 9:55 PM

    i'm still thinking that MA is getting some of that stim pkg money from last year that allows NASCAR to write off losses and investments...

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