MEMBERSHIP LOGIN
JOIN PRI
Bo LeMastus Acquires Salem Speedway
Image
Crosley Brands CEO and part-time racer Bo LeMastus has completed the purchase of Indiana’s Salem Speedway and the adjoining Salem Airport.
LeMastus purchased the historic racing facility from Owen and Beverly Thompson, who bought the track in 1995 and have operated it for more than 20 years.
While the entire property will take on the name Crosley Field, the race track will retain some form of the name Salem Speedway.
The 55-year-old businessman and co-owner with David Gilliland of the DGR-Crosley team that competes in the NASCAR Camping World Truck Series, ARCA Racing Series and NASCAR K&N Pro Series, said discussions about purchasing the track started roughly six months ago.
After a conversation with the owners, LeMastus visited Salem Speedway alongside his accountant, R.K. Bruce, and his attorney, Jeff Parrish, and quickly decided to move ahead with the purchase.
As part of the acquisition, LeMastus says he is putting together a partnership with ARCA stalwarts Bill and Will Kimmel under the name BWB Entertainment. LeMastus says plans include much more than racing at the historic half-mile track that ran its first race in 1947.
Salem Speedway plays host to several touring series every year, including the ARCA Racing Series, USAC Silver Crown Series and Champion Racing Ass’n. The track also hosts local racing featuring the Lucas Oil Great American Stocks and a Front Wheel Drive Stock division.
The goal is to eventually bring the NASCAR Camping World Truck Series to the venue.
LeMastus purchased the historic racing facility from Owen and Beverly Thompson, who bought the track in 1995 and have operated it for more than 20 years.
While the entire property will take on the name Crosley Field, the race track will retain some form of the name Salem Speedway.
The 55-year-old businessman and co-owner with David Gilliland of the DGR-Crosley team that competes in the NASCAR Camping World Truck Series, ARCA Racing Series and NASCAR K&N Pro Series, said discussions about purchasing the track started roughly six months ago.
After a conversation with the owners, LeMastus visited Salem Speedway alongside his accountant, R.K. Bruce, and his attorney, Jeff Parrish, and quickly decided to move ahead with the purchase.
As part of the acquisition, LeMastus says he is putting together a partnership with ARCA stalwarts Bill and Will Kimmel under the name BWB Entertainment. LeMastus says plans include much more than racing at the historic half-mile track that ran its first race in 1947.
Salem Speedway plays host to several touring series every year, including the ARCA Racing Series, USAC Silver Crown Series and Champion Racing Ass’n. The track also hosts local racing featuring the Lucas Oil Great American Stocks and a Front Wheel Drive Stock division.
The goal is to eventually bring the NASCAR Camping World Truck Series to the venue.
