DVD Dover Motorsports Inc

Dover Motorsports Subsidiary Assigns Rights to Grand Prix of Denver to Centrix Financial LLC DOVER, Del., March 4 /PRNewswire-FirstCall/ -- Dover Motorsports, Inc. today announced that its wholly owned subsidiary, Grand Prix Association of Long Beach, Inc. ("Grand Prix"), has reached an agreement with Centrix Financial LLC ("Centrix") to transfer to Centrix certain assets and rights that Grand Prix has relative to the organization and promotion of the Grand Prix of Denver, subject to certain conditions and approvals. Last year, Centrix was the title sponsor for the Grand Prix of Denver. Open Wheel Racing Series, LLC, owner of the Champ Car Series, has consented to the assignment to Centrix of its Sanction Agreement with Grand Prix. "We enjoyed our relationship with the great people of Denver," said Denis McGlynn, President of Dover Motorsports, Inc., parent company of Grand Prix. "The Centrix Financial Grand Prix of Denver is a great event and should do very well in the hands of local ownership. We wish the new owners every success." Grand Prix has a multi-year agreement with the City of Denver pursuant to which it is entitled to stage an annual auto racing event in and around the PepsiCenter in Denver. Grand Prix has also assigned toCentrix its rights in its agreement with the City, subject to the consent of the City. Economic terms were not disclosed. Dover Motorsports, Inc. is a leading promoter of motorsports events in the United States. Its motorsports subsidiaries operate five motorsports tracks (four permanent facilities and one temporary circuit) in four states and promote motorsports events under the auspices of four of the premier sanctioning bodies in motorsports - NASCAR, CART, IRL and NHRA. The Company owns and operates Dover International Speedway in Dover, Delaware; Nashville Superspeedway near Nashville, Tennessee; Gateway International Raceway near St. Louis, Missouri; and Memphis Motorsports Park near Memphis, Tennessee. It also organizes and promotes theToyota Grand Prix of Long Beach in California. DATASOURCE: Dover Motorsports, Inc. CONTACT: Patrick J. Bagley, Sr. Vice President-Finance, Dover Motorsports, +1-302-857-3745 Web site: http://www.dovermotorsportsinc.com/

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