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May 7,2003

Elliott Sadler hosting basketball fundraiser

Elliott Sadler is hosting an all-star basketball fundraiser May 15 at Halton Arena in Charlotte. Among those scheduled to appear are Dale Jarrett, Jeff Burton, Hermie Sadler, Darrell Waltrip, wrestler Ric "The Nature Boy" Flair and former Los Angeles Laker John Salley. The game benefits the Autism Society of America. Tickets can be purchased at www.SadlerFanClub.com or by calling 1-866-698-4253.


ISC may pay for Homestead to be reconfigured

International Speedway Corp. says it may spend $2.5 million to $3.5 million to reconfigure Homestead-Miami Speedway before this year's NASCAR season finales for the Winston Cup, Busch and Craftsman Truck series.

The company offered the projection yesterday as it reported that it had record revenues and attendance for its most recent NASCAR events at California Speedway and Richmond International Raceway. "If the project moves forward, the company expects the reconfiguration would be completed in early October," an ISC statement said. NASCAR's three major series are scheduled to wind up their seasons the weekend of Nov. 15-16 at the track, which has been widely criticized by NASCAR drivers and fans as too flat for close racing.


Martinsville lands race sponsor

Martinsville Speedway says its Oct. 19 Winston Cup race will be called the Subway 500 after reaching a sponsorship agreement with the sandwich shop chain. Financial terms were not disclosed. Just Marketing, the motorsports agency of record for Subway, negotiated the sponsorship deal.

Speedway motorsports reports higher earnings

Speedway Motorsports Inc. has reported first-quarter net income of $19.1 million, or 45 cents per diluted share, according to the Charlotte Business Journal. That figure is up from $12.4 million, or 29 cents per diluted share, in the same period last year and meets analysts' consensus estimates for earnings. Results for the first quarter of last year included the effect of an accounting change for goodwill impairment of $4.3 million and a $686,000 loss from discontinued operations. SMI, which operates Lowe's Motor Speedway, Texas Motor Speedway and other tracks, says revenue increased to $105 million, up from $96.6 million in the prior-year period. Revenue from admissions grew 10 percent to $43 million, while NASCAR broadcasting revenue rose to $25 million, up from $21.6 million in the first quarter of last year.





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Dale Earnhardt Jr. #8 Post Earrings - 14 kt gold





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