Bruton smith speedway motorsports: Latest news

by Narendra

Ollen Bruton Smith was a promoter and the owner/CEO of NASCAR track owner Speedway Motorsports, Inc. He was born on March 2, 1927, and died on June 22, 2022.

On January 23, 2016, he was put into the NASCAR Hall of Fame. In 2005, he was ranked #207 on the Forbes 400 list and thought to be worth $1.5 billion. In 2006, he fell to #278 and was thought to be worth $1.4 billion. In 2007, he became a member of the International Motorsports Hall of Fame. CNN Money called Smith the oldest CEO of the Fortune 500 in 2012.

Ollen Bruton Smith, the founder and executive chairman of Sonic Automotive (NYSE:SAH), Speedway Motorsports, and Speedway Children’s Charities, died today of natural causes. He was a visionary and a change agent in both business and entertainment. He was 95.

Bruton smith speedway motorsports

Smith was the ninth and last of nine children. He was born on March 2, 1927, and grew up on a small farm in Oakboro, North Carolina. Smith, a member of the Greatest Generation, learned early on how important it is to work hard. Smith built a business empire in the automotive and motorsports industries and left behind a legacy that will continue to inspire his family, friends, and coworkers for generations to come.

Bruton smith speedway motorsports: In 2008, Smith said, “My parents taught us what it means to work.” “Now that I think about it, that was a gift, even though at the time I didn’t think so. Many people don’t have that skill because they didn’t work as kids. But that’s what you do if you live on a family farm. It’s hard to do anything.”

Smith started Speedway Motorsports in December 1994 by combining his motorsports holdings. In February 1995, he made Speedway Motorsports the first motorsports company to trade on the New York Stock Exchange. Today, the company owns and runs 11 motorsports entertainment venues: Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, Texas Motor Speedway, Dover Motor Speedway, Nashville Superspeedway, North Wilkesboro Speedway, and Kentucky Speedway.

Speedway Motorsports also owns and runs the companies SMI Properties, U.S. Legend Cars International, Performance Racing Network, and zMAX Micro Lubricants.

Smith started Sonic Automotive in January 1997. In November of the same year, he listed it on the New York Stock Exchange (NYSE:SAH). In just a few years, Smith turned Sonic into one of the largest companies in the country. In 2000, it became the first Charlotte, North Carolina-based company on the Fortune 500 list. Sonic Automotive is now a Fortune 300 company and one of the largest car dealers in the United States. It has over 160 dealerships in over 23 states that sell 25 different car brands. Since they started, Sonic Automotive dealerships have won a lot of national awards and praise for going above and beyond when it comes to customer satisfaction and meeting performance standards for automotive retail brands.

Smith started EchoPark Automotive in 2014 because he was still interested in selling cars. EchoPark Automotive is a division of Sonic Automotive that is growing quickly because it sells high-quality used cars and gives its customers a world-class experience. At the moment, the company runs more than 40 EchoPark Automotive locations across the country.

Smith’s first job outside of the family farm was at a local saw mill when he was 12 years old. Smith started working in a hosiery mill two days after he graduated from Oakboro High School. Later, he made a purchase that led to two successful business careers.

“I spent $700 on a race car. Smith once said, “At the time, I thought I was going to be a race car driver. “I learned how to drive, but that wasn’t a very successful job.” Smith’s mother thought differently and prayed for help. In an interview with in 2005, Smith laughed as he said, “She started fighting dirty.” “Your mom and God are stronger than you, so I stopped driving.”

Smith made a small profit when he sold his first car, a 1939 Buick sedan, and he kept selling cars from his mother’s front yard. Before he turned 18, the young business owner also promoted his first race.

“At that time, there was a lot of trouble between drivers and car owners,” Smith said. “We had a meeting, and I had the bad luck to be put in charge of promoting a race by myself. I had never done that before, but I promoted a race in Midland, North Carolina, and made a little money, so I thought I’d try it again.”

Smith was a promoter and car salesman when he was drafted into the U.S. Army during the Korean War. This was a big change in his life and work. Smith was a paratrooper for two years in the United States. After that, he went back to selling cars and promoting auto races with the National Association for Stock Car Auto Racing, which was just getting started (NASCAR). During a rough time for the sport, Smith was one of the first professional promoters to pay good purses, pay attention to the needs of the fans, and find new ways to promote events at the speedways he leased around North Carolina.

Smith told the Associated Press in 2015, “I’m a frustrated builder who had a knack for promoting races, and it’s been fun to always try to take the sport to new heights for the fans.”