BRIEF: Kentucky prospects more distant, Smith concedes

Sat. May 23, 2009; Posted: 09:34 PM

CONCORD, N.C., May 23, 2009 (The Charlotte Observer - McClatchy-Tribune Information Services via COMTEX) -- TRK | Quote | Chart | News | PowerRating -- With some of the former owners of Kentucky Speedway unwilling to drop their appeal of a lawsuit against NASCAR, Speedway Motorsports Inc. Chairman Bruton Smith said Saturday it is growing more unlikely he will be able to move one of his existing Cup races to Kentucky next season.

NASCAR has stated repeatedly the lawsuit must be resolved before any realignment requests are considered.

"I've tried to actually shame (the former owners) into it because they have a moral responsibility, I believe, because the state of Kentucky spent $96 million there on assisting in building that speedway," Smith said.

"There's 96 million reasons right there they ought to drop that lawsuit. We've been drawing this out too long already."

Smith said he was unsure how much longer NASCAR would be willing to wait for a resolution of the appeal.

"I don't know how quickly this can be resolved," Smith said. "It depends on whether NASCAR wants to be so gracious to (wait) and I don't know."

NASCAR officials were not immediately available for comment.

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For full details on Speedway Motorsports Inc (TRK) click here. Speedway Motorsports Inc (TRK) has Short Term PowerRatings of 5. Details on Speedway Motorsports Inc (TRK) Short Term PowerRatings is available at This Link.

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