Speedway Motorsports Completes Purchase of New Hampshire Facility

LOUDON, N.H. (Jan. 11, 2008) - Closing documents were completed today,
finalizing Speedway Motorsports, Inc.'s (NYSE:TRK) purchase of New Hampshire
Speedway, Inc. d/b/a New Hampshire International Speedway, from Bob and Gary
Bahre for $340 million in cash.

The completed purchase was announced today by O. Bruton Smith, founder,
chairman and chief executive officer of Speedway Motorsports, Inc.

Smith also announced, to better align with other SMI-owned speedway brands,
New Hampshire International Speedway was being renamed New Hampshire Motor
Speedway.

"New Hampshire Motor Speedway is a wonderful addition to our strong
portfolio of tracks and provides the opportunity for our company to expand
into a new market," said Smith. "Bob and his staff have made this a smooth
transition since we announced our agreement in Texas on November 2.  We look
forward to many successes in our operation of the New Hampshire Motor
Speedway."

Earlier, Smith announced the promotion of long-time SMI executive Jerry
Gappens to Executive Vice president and General Manager of the facility,
which hosts two NASCAR Sprint (formerly NEXTEL) Cup Series events each year.
Gappens has relocated from Charlotte, N.C. and has assumed his new duties at
the Speedway.

"Thanks to the support of our loyal fans, dedicated sponsors, and wonderful
employees, the Speedway has grown more than Gary and I ever could have
imagined," said Bob Bahre, former Chairman of the Board.  "We are looking
forward to working with Bruton, Jerry, and their team and fully supporting
them in their efforts to take this to a higher level for our fans."

Bahre will remain associated with the facility he built as a consultant.

Located on approximately 1,100 acres, the multi-use complex is the largest
sports facility in New England and features a 1.058-mile oval speedway, with
chairback seating for 92,000 spectators, and a 1.6-mile road course.

The Speedway hosts the only NASCAR Sprint Cup Series, NASCAR Nationwide
(formerly BUSCH) Series and NASCAR Craftsman Truck Series events in the
six-state New England region. Both NASCAR Sprint Cup Series races regularly
sell out and exceed the NFL Super Bowl in attendance.

With the addition of New Hampshire Motor Speedway, SMI will own race tracks
in the Northeast, Southeast, Southwest, and West, including four of the
nation's top-10 metropolitan markets.

Speedway Motorsports, Inc. will promote 13 NASCAR-sanctioned Sprint Cup
races in 2008 and nine NASCAR-sanctioned Nationwide Series events. Combined
seating for the seven SMI facilities will exceed 850,000 permanent seats.

"The Northeast race fans are incredible in their support of the Speedway and
have a great passion for the sport of NASCAR," said Gappens. "We have an
outstanding staff, and we are united in our effort to provide a winning
experience for our guests when they visit New Hampshire Motor Speedway."

Tickets for all NASCAR events at New Hampshire Motor Speedway, including the
LENOX Industrial Tools 301 on June 29 and the SYLVANIA 300 on September 14,
are available online at www.nhms.com or by calling Guest Services at (603)
783-4931.

About Speedway Motorsports, Inc.
Speedway Motorsports, Inc. is a leading promoter, marketer and sponsor of
motorsports activities in the United States. The Company owns and operates
Atlanta Motor Speedway, Bristol Motor Speedway, Infineon Raceway, Las Vegas
Motor Speedway, Lowe's Motor Speedway, New Hampshire Motor Speedway and
Texas Motor Speedway. The company also provides souvenir merchandising
services through its SMI Properties subsidiary; provides radio programming,
production and distribution through its Performance Racing Network
subsidiary; develops electronic and media promotional programming and
distributes wholesale and retail racing apparel through The Source
International subsidiary; and manufactures and distributes smaller-scale,
modified racing cars and parts through its 600 Racing subsidiary. It also
co-owns Motorsports Authentics, a joint venture with International Speedway
Corporation, which produces, markets and sells licensed motorsports
merchandise.

This news release contains forward-looking statements, particularly
statements with regard to the Company's future operations and financial
results. There are many factors that affect future events and trends of the
Company's business including, but not limited to, consumer and corporate
spending sentiment; air travel; governmental regulations; military actions;
national or local catastrophic events; the success of and weather
surrounding NASCAR, IRL, NHRA and other racing events; our relationship with
NASCAR and other sanctioning bodies; the success of expense reduction
efforts; capital projects; expansion; economic conditions; stock
repurchases; financing needs; insurance; litigation; taxes; oil and gas
activities and associated profitability; geopolitical situations in foreign
countries; and other factors outside of management control. These factors
and other factors, including those contained in the Company's Annual Report
on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q, involve
certain risks and uncertainties that could cause actual results or events to
differ materially from management's views and expectations. Inclusion of any
information or statement in this news release does not necessarily imply
that such information or statement is material. The Company does not
undertake any obligation to release publicly revised or updated
forward-looking information, and such information included in this news
release is based on information currently available and may not be reliable
after this date.