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By
Dustin Long
The Virginian-Pilot
© October 11, 2009
____
Nearly a new owner?
A letter from a Dover
Motorsports Inc., official to a shareholder reveals International Speedway
Corp. and Speedway Motorsports Inc., considered buying the company
together in 2007.
The letter, dated last month
and from Klaus Belohoubek, senior vice president, general counsel for
Dover Motorsports Inc., references a meeting he and other company
executives had in a Dallas airport hangar with Lesa France Kennedy and
Bruton Smith, SMI Chairman.
The letter to Mario Cibelli
says Smith led negotiations.
Belohoubek states, "Mr.
Smith proceeded to offer to buy the company at market value with no
premium. After about an hour of discussions, he offered an additional
nickel per share. Why he chose to be so insulting is anyone's guess, but
the meeting adjourned shortly after this."
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