Bristol Motor Speedway 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:
Actual Ratios of Earnings to Fixed Charges	2014		2013			2012		2011			2010
	(in thousands)
Income (loss) from continuing operations before income taxes	$	41,226	$	(48,563	)(3)	$	63,685	$	17,920		$	71,085
Equity investee losses (earnings)		—		—			—		—			—
		41,226		(48,563	)		63,685		17,920			71,085
Fixed charges, excluding capitalized amounts:
Interest expense, including amortization of financing costs		21,771		32,240			41,581		42,414			52,513
Earnings as defined		62,997		(16,323	)		105,266		60,334			123,598
Fixed charges:
Interest expense, including amortization of financing costs		21,771		32,240			41,581		42,414			52,513
Capitalized interest		321		168			574		2,286			710
Fixed charges	$	22,092	$	32,408		$	42,155	$	44,700		$	53,223
Ratio of Earnings to Fixed Charges	2.9x		N/A(1)			2.5x		1.3x		(4)	2.3x

Pro Forma Ratios of Earnings to Fixed Charges(2)	Year Ended December 31, 2014
	(in thousands)
Pro forma income from continuing operations before income taxes	$	45,975
Equity investee losses (earnings)		—
		45,975
Pro forma fixed charges, excluding capitalized amounts:
Interest expense, including amortization of financing costs		17,022
Pro forma earnings as defined		62,997
Pro forma fixed charges:
Interest expense, including amortization of financing costs		17,022
Capitalized interest		321
Pro forma interest expense, including amortization of financing costs	$	17,343
Pro forma Ratio of Earnings to Fixed Charges	3.6x

(1) For the year ended December 31, 2013, fixed charges exceeded earnings by approximately $48.7 million, resulting in a ratio of less than one.

(2) Using an effective interest rate for the Private Notes of 2.1%.

(3)	Includes pre-tax charges of $89.0 million related to impairment of goodwill and other intangible assets and $18.5 million related to the loss on early debt redemption and refinancing.
(4)	Includes pre-tax charges of $48.6 million related to impairment of goodwill and other intangible assets and $7.5 million related to the loss on early debt redemption and refinancing.