Unraveling the Mystery: Who Really Sold the Texas Motor Speedway to Ft. Worth?

Who sold the Texas Motor Speedway to Ft. Worth? It’s a question that has been on the minds of racing fans and industry insiders alike since the sale was announced. The answer to this question is shrouded in mystery, with conflicting reports and rumors circulating about who was really behind the sale. In this article, we’ll take a closer look at the key players involved and the events that led up to the sale.

At the heart of this mystery is the question of why the Texas Motor Speedway was sold in the first place. While some speculate that it was a purely financial decision, others suggest that there may have been other factors at play. Regardless of the reasons behind the sale, one thing is clear: the sale of the Texas Motor Speedway has had a significant impact on the racing community, and the ramifications of this sale will likely be felt for years to come.

Changing Hands: The History of Texas Motor Speedway Ownership

The Texas Motor Speedway has been a cornerstone of American motorsports since it first opened its doors in 199Over the years, the track has seen several changes in ownership, each with its own impact on the racing community. Let’s take a closer look at the history of Texas Motor Speedway ownership, from its inception to the present day.

The Beginning: Bruton Smith

Bruton Smith, founder of Speedway Motorsports, Inc., was the driving force behind the construction of Texas Motor Speedway. Smith’s vision for the track was grand, with a seating capacity of over 150,000 and a unique layout that made it one of the most exciting venues in motorsports. Under Smith’s leadership, Texas Motor Speedway quickly became a favorite among drivers and fans alike, hosting a wide range of racing events from NASCAR to IndyCar.

Speedway Motorsports Sells to Ozarks

  • 2011: Speedway Motorsports, Inc. announced the sale of Texas Motor Speedway to Ozarks, a private investment group.
  • 2014: Ozarks merged with another private investment group, G-Force, to form G-Force Ozarks, LLC.

The sale of Texas Motor Speedway to Ozarks was seen as a major shift in the ownership landscape of American motorsports. While some were skeptical of the new owners, others were optimistic about the potential for growth and expansion under their leadership.

Eddie Gossage and the Future of Texas Motor Speedway

Eddie Gossage, longtime president and general manager of Texas Motor Speedway, has been a driving force behind the track’s success in recent years. Gossage has overseen a number of major upgrades and renovations to the facility, including the addition of the “Big Hoss TV” video board, one of the largest in the world. With Gossage at the helm, Texas Motor Speedway looks poised to continue its legacy as one of the premier racing venues in the country.

Major Players: A Look at the Key Figures in the Speedway Sale

Behind every major business deal, there are key figures who make it happen. The sale of the Texas Motor Speedway was no exception. Let’s take a closer look at some of the major players involved in the transaction.

The first key figure in the speedway sale is Eddie Gossage, the former president and general manager of the Texas Motor Speedway. Gossage was instrumental in the construction of the speedway and helped make it one of the premier racing venues in the world. He played a significant role in negotiations with the new ownership group, which was led by Marcus Smith of Speedway Motorsports.

The New Owners: Speedway Motorsports

  • Marcus Smith – As mentioned, Smith was the lead figure in the ownership group that purchased the Texas Motor Speedway. He is the president and CEO of Speedway Motorsports, a company that owns and operates several other racing venues around the country.
  • Bruton Smith – Marcus Smith’s father, Bruton Smith, is the founder and executive chairman of Speedway Motorsports. He has been involved in the racing industry for decades and is a well-known figure among racing fans.
  • O. Bruton Smith – Bruton Smith’s son, O. Bruton Smith, is also a key figure in the ownership group. He serves as the executive vice chairman and chief operating officer of Speedway Motorsports.

The Sellers: International Speedway Corporation

The International Speedway Corporation (ISC) was the previous owner of the Texas Motor Speedway. ISC is a major player in the racing industry and owns several other racing venues around the country. Here are a few key figures from ISC who were involved in the speedway sale:

  • Jim France – France is the CEO and chairman of ISC. He played a key role in negotiating the sale of the Texas Motor Speedway to Speedway Motorsports.
  • Lesa France Kennedy – Kennedy is the CEO and vice chairperson of ISC. She is also a member of the NASCAR board of directors and played a significant role in the sale of the speedway.
  • John Saunders – Saunders is the president of ISC. He worked closely with Gossage and the new ownership group to ensure a smooth transition of ownership.

These are just a few of the major players who were involved in the sale of the Texas Motor Speedway. Their hard work and dedication helped ensure that the speedway remained one of the top racing venues in the country.

Behind Closed Doors: The Secret Negotiations that Led to the Sale

Secret negotiations often make for the most interesting stories, and the sale of Speedway is no exception. While the public only knew about the sale when it was announced in November 2020, the process had been in the works for much longer. Insiders have reported that discussions began as early as 2019, and that multiple potential buyers were considered before a deal was finally reached.

Despite the secrecy surrounding the negotiations, some details have emerged about how the deal came together. According to reports, Marathon Petroleum, the former owner of Speedway, received multiple unsolicited offers for the chain, prompting them to consider a sale. After deciding to explore the possibility, they enlisted the help of advisors to find potential buyers and manage the negotiation process. The final sale price of $21 billion was higher than many had expected, but ultimately deemed fair by both parties.

The Negotiation Process

The negotiation process for the sale of Speedway was a complex and lengthy one. According to sources, Marathon Petroleum engaged several investment banks to help manage the process, including JPMorgan Chase and Goldman Sachs. The banks helped Marathon to evaluate potential buyers, set a sale price, and manage negotiations.

After several rounds of negotiations, the winning bid was submitted by 7-Eleven, a subsidiary of Japanese retail giant Seven & i Holdings Co. The deal was eventually approved by both companies’ boards of directors, and the sale was completed in May 2021.

The Implications of the Sale

  • Industry Consolidation: The sale of Speedway to 7-Eleven is just one example of the trend towards consolidation in the convenience store industry. As smaller chains struggle to compete with larger ones, we can expect to see more mergers and acquisitions in the coming years.
  • New Ownership: With the sale of Speedway, the convenience store industry has a new major player. 7-Eleven now has more than 14,000 stores in the US, making it one of the largest retailers in the country.

Overall, the sale of Speedway was a significant event in the convenience store industry, with major implications for both the industry and consumers. While the negotiation process was shrouded in secrecy, we can see that the final result was a win-win for both Marathon Petroleum and 7-Eleven.

Winners and Losers: The Impact of the Sale on the Racing Community


The recent sale of a prominent racing stable has had a significant impact on the industry, with both winners and losers emerging. One of the clear winners in this transaction is the new owner, who gains access to a talented roster of horses and an experienced team of trainers and staff. With these new assets, the owner is well-positioned to make a strong push for major racing titles and to establish themselves as a dominant force in the sport.


On the other hand, some members of the racing community are feeling the negative effects of this sale. Specifically, the previous owner and their team are likely facing a significant loss of income and a disruption to their careers. This can be especially difficult for trainers and jockeys, who often rely on stable affiliations to secure regular work and establish a reputation in the industry. In this case, the sale may force many individuals to seek out new opportunities and potentially uproot their lives in the process.

Effect on Competing Stables

While the winners and losers of the sale are relatively clear, the impact on the broader racing community is more complex. Competing stables, for example, may experience both advantages and disadvantages as a result of this transaction. On the one hand, the sale may create new opportunities for rival stables to gain an edge in key races or to secure top talent for their own operations. On the other hand, increased competition from a powerful new player in the industry may make it more difficult for other stables to establish themselves as major contenders.

Effect on Fans

The sale may also have an impact on racing fans, who may see changes in the dynamics of major races and events. With a new owner at the helm of a prominent stable, fans may witness new tactics, training approaches, and strategies that shake up the status quo. This can be both exciting and challenging for those who follow the sport closely, as they adjust to new names and faces in the winners’ circle and try to anticipate how the sale will shape the future of the industry.

Legal Battles: Lawsuits and Controversies Surrounding the Sale

Legal battles often arise in the wake of major sales, and the horse racing community is no exception. The sale of a prominent racehorse or breeding stallion can be worth millions of dollars, and as a result, there is a lot at stake. Unfortunately, these transactions can sometimes lead to lawsuits and controversies that can have a lasting impact on the industry.

One notable example is the sale of the horse Shareef Dancer in 198After the sale, allegations were made that the horse’s owner had misled potential buyers about the horse’s fertility, and a legal battle ensued. The case was eventually settled out of court, but it highlighted the potential pitfalls of high-stakes sales in the racing community.

Breach of Contract

In some cases, legal battles can arise due to breaches of contract. For example, a buyer may allege that the horse they purchased was not as represented, or that the seller failed to disclose a material fact about the horse. These types of disputes can be complicated, as they often require expert testimony from veterinarians or other industry professionals to determine whether a breach of contract occurred.

Anti-Trust Concerns

  • Anti-trust concerns can also arise in the racing industry. In some cases, buyers may allege that a sale was structured in such a way as to limit competition or create a monopoly. These types of claims can be difficult to prove, but they can have far-reaching consequences for the industry as a whole.

Disputes Over Ownership

Finally, disputes over ownership can also lead to legal battles. For example, two or more parties may claim ownership of a particular horse or stallion, leading to a protracted legal battle to determine who has the right to sell or breed the animal. These types of disputes can be especially contentious, as they often involve large sums of money and deeply-held beliefs about the value of particular bloodlines or animals.

Future Directions: What’s in Store for the Texas Motor Speedway?

The Texas Motor Speedway is one of the most iconic racetracks in the United States, with a rich history of high-speed racing and entertainment. Looking ahead to the future, there are several exciting developments on the horizon that are sure to keep fans coming back year after year.

One of the most anticipated future directions for the Texas Motor Speedway is the expansion of their facilities. With plans to add new grandstands, corporate suites, and hospitality areas, the Speedway will be able to accommodate even larger crowds and provide an even better fan experience. Additionally, the Speedway is looking to attract new events beyond traditional auto racing, such as concerts and other entertainment options.

New Tracks and Layouts

The Texas Motor Speedway has also been exploring the possibility of adding new tracks and layouts to their existing facility. These new tracks could include road courses and even dirt tracks, which would provide fans with a wider variety of racing options and create a more diverse range of events at the Speedway.

Investing in Technology

Finally, the Texas Motor Speedway is investing heavily in technology to provide fans with an even more immersive experience. This includes the use of virtual reality, augmented reality, and other cutting-edge technologies to bring fans closer to the action than ever before. The Speedway is also looking at incorporating new scoring systems and other technological upgrades to make their races even more exciting for fans in attendance and those watching from home.

Frequently Asked Questions

Who sold the Texas Motor Speedway to Ft Worth?

The Texas Motor Speedway was sold to Fort Worth billionaire Ed Bass in 199Bass purchased the racetrack from Speedway Motorsports, Inc., which had been its owner and operator since its construction in 199

What is the seating capacity of the Texas Motor Speedway?

The Texas Motor Speedway has a seating capacity of approximately 181,000 people. It is one of the largest sports venues in the United States and is known for its unique configuration and design, which provides excellent views of the racetrack from nearly every seat in the stadium.

What types of events are held at the Texas Motor Speedway?

The Texas Motor Speedway hosts a variety of events throughout the year, including NASCAR Cup Series races, IndyCar races, and various other motorsports events. In addition to racing events, the stadium is also used for concerts, festivals, and other community events.

Is the Texas Motor Speedway open to the public for tours?

Yes, the Texas Motor Speedway offers public tours of the facility throughout the year. The tours provide visitors with a behind-the-scenes look at the racetrack, including access to the infield and pit road areas. Visitors can also learn about the history of the Texas Motor Speedway and its impact on the sport of auto racing.

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