SPR S-4 Registration of securities issued in business combination transactions

EXHIBIT 12.1

STATEMENT REGARDING COMPUTATION OF RATIOS

SPEEDWAY MOTORSPORTS, INC.

ACTUAL AND PRO FORMA RATIOS OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,										Six Months Ended June 30,
	1998		1999		2000		2001		2002		2002		2003
Actual Ratios Of Earnings To Fixed Charges
Income from continuing operations before income taxes and accounting changes	$	70,017	$	70,035	$	81,447	$	96,279	$	100,784	$	85,370	$	75,195
Fixed charges, excluding capitalized amounts:
Interest expense		15,258		28,511		29,807		26,721		22,095		11,166		11,635
Amortization of financing costs		—		1,364		1,775		1,734		1,629		766		875
Earnings as defined		85,275		99,910		113,029		124,734		124,508		97,302		87,705
Fixed charges:
Interest expense		15,258		28,511		29,807		26,721		22,095		11,166		11,635
Capitalized interest		3,846		4,667		2,912		2,386		2,335		1,654		1,079
Amortization of financing costs		—		1,364		1,775		1,734		1,629		766		875
Fixed charges		19,104		34,542		34,494		30,841		26,059		13,586		13,589
Ratio of earnings to fixed charges		4.5x		2.9x		3.3x		4.0x		4.8x		7.2x		6.5x

	Year Ended December 31, 2002		Six Months Ended June 30, 2003
Pro Forma Ratio Of Earnings To Fixed Charges
Pro forma adjusted income from continuing operations before income taxes and accounting changes	$	104,679	$	77,791
Pro forma fixed charges, excluding capitalized amounts:
Interest expense		18,673		9,337
Amortization of financing costs		1,155		578
Pro forma income as defined		124,507		87,706
Pro forma fixed charges:
Interest expense		18,673		9,337
Capitalized interest		1,952		976
Amortization of financing costs		1,155		578
Pro forma fixed charges		21,780		10,891
Pro forma ratio of earnings to fixed charges		5.7x		8.1x