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November 15, 2009

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LVMS sale brings no comment from parties involved

Wednesday, Dec. 9, 1998 | 3:26 a.m.

SUN STAFF AND WIRE REPORTS

All parties involved in the impending sale of Las Vegas Motor Speedway continue to refuse comment on a Sun report that O. Bruton Smith has purchased the 1,500-acre facility.

LVMS co-owner Ralph Englestad, track chairman Richie Clyne and Smith all declined to return messages seeking comment on the deal, which is all but finalized according to well-placed sources.

Mike Henle, LVMS publicist, said Clyne had no comment to the media -- not even to deny the Sun's report that Smith's Speedway Motorsports Inc. had agreed to buy the track for an estimated $250 million.

After learning of the story in Tuesday's Sun, Street and Smith's Business Sports Journal independently confirmed that "the deal is done," according to staff writer Bill King.

According to one source in the auto racing industry, an announcement on the sale is expected within the next two weeks.

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